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Graph 1: Gem and Jewellery

  • Customs duty on import of rough diamonds reduced to 0%. With this Licensing regime for rough diamonds abolished.
  • Value additon Norms for export of plain jewellery reduced from 10% to 7%. Export of all mechanised unstudded jewellery allowed at a value addition of 3% only
  • Personal Carriage of Jewellery allowed through Hyderabad and Jaipur airport as well.


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Budget 2007-08
Union Budget 2007-2008 : Key to Budget | Budget Highlights | Budget Speech | Budget at a Glance | Annual Financial Statement | Finance Bill | Memorandum | Receipt Budget | Expenditure Budget | Customs & Central Excise | Implementation of Budget Announcements | The Macro Economic Framework Statement | The Medium Term Fiscal Policy Statement | The Fiscal Policy Strategy Statement
Rail Budget 2007-2008 : Overview of Rail Budget | Rail Budget Highlights | Railway Minister's Budget Speech Part - I | Railway Minister's Budget Speech Part - II

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