The domestic gems and jewellery industry, which went through a lot of turmoil in 2016, has urged the government to increase the mandatory PAN card limit to Rs 5 lakh and above, and reduce the import duty on gold to atleast 5% in the Union Budget 2017-18.
All India Gems and Jewellery Trade Federation (GJF), the apex body for domestic gems and jewellery industry, has recommended the Finance Minister to increase the mandatory PAN card limit to Rs 5 lakh and above.