Malabar Gold and Diamonds gets TRQ licence
1 year, 7 months ago

Malabar Gold and Diamonds gets TRQ licence

Deccan Chronicle  

HYDERABAD: Malabar Gold and Diamonds, one of the largest gold and diamond retail chains in the country, became the first jewellery group in India to obtain a TRQ licence from the Director General of Foreign Trade. TRQ will help the group import gold through the India International Bullion Exchange under the India-UAE Comprehensive Economic Partnership Agreement at reduced duty rates with convenience and transparency. MP Ahammed, Chairman, of Malabar Group, said, “It’s a matter of pride for us that Malabar Gold and Diamonds has emerged as the first jewellery group in India to obtain a TRQ licence for gold import. The TRQ licence will also pave the way for us to become the number one jewellery group in the world.” Malabar Gold and Diamonds is the first jeweller in India to introduce 100 per cent HUID hallmarking jewellery.

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History of this topic

Budget 2024: Customs duty on gold, silver cut to 6%, sops for diamond industry
5 months ago

Budget 2024: Customs duty on gold, silver cut to 6%, sops for diamond industry

The Hindu  

Union Finance Minister Nirmala Sitharaman has proposed to reduce Customs Duties on gold and silver to 6% and on platinum to 6.4% providing big relief to buyers of these precious metals. As per the proposal, duty on gold bars has been cut from 15% to 6%, gold dore from 14.355 to 5.35%, for platinum from 15.4% to 6.4%, for silver …

Malabar Gold’s new outlet in Hyderabad
2 years, 3 months ago

Malabar Gold’s new outlet in Hyderabad

Deccan Chronicle  

HYDERABAD: Gold and diamond jewellery retail chain Malabar Gold & Diamonds said that it had launched its new showroom in Shahalibanda, Charminar, on September 3. MIM president Asaduddin Owaisi, the Hyderabad MP, and Charminar MLA Mumtaz Ahmed Khan inaugurated the store in the presence of Malabar Group management team members O. Asher, managing director-Indian operations, and Siraj P.K, retail head, …

Reserve Bank of India issues norms for import of gold by jewellers
2 years, 6 months ago

Reserve Bank of India issues norms for import of gold by jewellers

India TV News  

Highlights RBI on Wednesday came up with norms for facilitating physical import of gold through IIBX RBI issued guidelines in order to enable resident Qualified Jewellers to import gold through IIBX Gold imports dipped by about 72 per cent to USD 1.72 billion during April The Reserve Bank of India on Wednesday came up with norms for facilitating physical import …

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