With the Union Budget a week away, the India Bullion and Jewellers Association (IBJA) is keeping an eye on the import duty reforms closely.
Speaking to CNBC-TV18, Surendra Mehta, Director of IBJA said that the organisation is looking at an import duty cut because it is damaging the organised sector as the illegal import in the country is creating a big price difference with the unorganised players.
He also expects provisions for setting up a bullion bank to resolve various issues of the gems and jewellery sector.Watch video for more.
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