Govt to iron out global diamond miners’ tax hurdles

The central government is working on resolving the tax hurdles for global rough diamond (roughs in sector parlance) mining companies which sell in India at the proposed Special Notified Zone (SNZ) in this regard. While the tax on import and export of roughs is nil in India, a cumbersome reporting process to the cusoms department has proved a major hurdle for global companies setting up auction offices here...Read More