>>
Home / Knowledge / News / Fashion / Gem sector to shine a VAT goes

Gem sector to shine a VAT goes

26
Jul '05
With immediate effect, 15 percent Value Added Tax (VAT) on the imports and trading of rough, cut and polished gemstones , diamonds and precious metals, has been abolished, as per the decision taken by the Sri Lankan Cabinet.

The move is seen to transform Sri Lanka in to a gem industry hub, what with gem and jewellery exports for 2004 earning US $101.23 million for the country in 2004.

During the first half of 2005, gem and jewelry exports were recorded at US$44.80 million.

The sector is expected to cross tea and apparel sectors in export performance in the future with more value addition and creativity.

Meanwhile, the 15th International Gem and Jewellery Exhibition 2005 (Facets) is being organised by Sri Lanka Gem and Jewellery Association to run during August 31 - September 3, 2005.


Must ReadView All

Pic: Dreamstime.com

Apparel/Garments | On 22nd Jan 2022

Dhaka, Berlin sign €20.15-mn pact to improve RMG workers conditions

Bangladesh and Germany have signed an agreement to support five...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

UKVFTA brings positive results to bilateral trade: Vietnamese ministry

The recently effective UK-Vietnam FTA has led to positive outcomes,...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

Cambodia approves new projects worth $1.9 bn, including 2 garment ones

The Council for the Development of Cambodia has approved 10 projects...

Interviews View All

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Textile Industry, Head honchos

Textile Industry
Head honchos

Liquidity is a primary issue in Indian context

Henry Krause,

Henry Krause

<font color="#333333" face="Arial, sans-serif">Polygiene is a market...

Noemi Sanchez,

Noemi Sanchez

Established since 1846, Evlox is a specialised denim manufacturer with its ...

Rajat Kapoor,

Rajat Kapoor

Seraphine is a British maternity brand providing affordable luxury fashion ...

Frank Heislitz, Freudenberg Performance Materials

Frank Heislitz
Freudenberg Performance Materials

Freudenberg Performance Materials is a leading global manufacturer of...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Christopher Astley, INDA

Christopher Astley
INDA

<font face="Arial, sans-serif"><span style="font-size: 16px;">INDA,...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

Bani Pasricha,  Label - Bani Pasricha

Bani Pasricha
Label - Bani Pasricha

An Indian fashion-designer and a recipient of one of the most prestigious...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Permoda(Koaj/Armi/Pronto/Bkul)
Eastman Chemical Company
Green Fibre
Etam Group Strategy Hong Kong Limited
LC Waikiki
BIMBA ;& LOLA SL
H;&M Hennes ;& Mauritz (Far East) Ltd
C;&A Sourcing International Ltd
Maceton Limited
SYNERGIES HONG KONG LIMITED
Desigual - ABASIC, S.A.
Gap International Sourcing Limited
Chori Company Limited
Sainsbury's Argos Asia Limited
Page Industries Limited (Bangalore)
Brandix Lanka Limited
T.T. Limited
Lisa S.P.A.
Rayonese Textile Inc., Division de Culp Inc.
Boardriders Asia Sourcing Limited
Guess Europe Sagl,
KIABI
Lenzing Aktiengesellschaft
Reiter India Private Limited
KAS Direct Sourcing
Bluestem Global Sourcing Limited
Splash
Gloria Jeans
Arvind Limited
International Textile Manufacturers Federation
Lululemon Athletica Inc
Alix Partners
Truetzschler India Private Limited
Asos
Landmark Group
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Hirdaramani International Export Private Limited
Decathlon
Amazon China
Puma
BIANCA
Restoque S.A.
Phong Phu international JSC (PPJ)
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
OVS Hong Kong Sourcing Ltd.
Recron Polyester from Reliance Industries Limited
Walmart
Calvin Klein
Sportswear Company Spa
Benetton Group
The Top Form Brassiere Manufacturing Company Limited
Cat Tuong Real Estate Group Joint Stock Company
Rosset ;& Cia Limited
The LYCRA Company Singapore  Pte. Ltd
IKEA of Sweden AB
THE BOMBAY DYEING ;& MFG.CO. LTD
Helly Hansen Far East Ltd
Vianney Textil Hogar S.A. De C.V.
Grasim Industries Limited
Alison Hayes Romania
Sateri (Jiujiang) Fiber Co.,Ltd
Huntsman (Singapore) Pte Ltd
Tory Burch Hong Kong Ltd
Esprit Europe Services GmbH
Groz-Beckert East Asia LLP
Gatsby Africa
Aramark Uniform ;& Career Apparel, LLC
Sportmaster Ltd.
Babyshop
Hela Clothing Pvt Ltd
Aquarelle Clothing Limited
John Varvatos
Under Armour Global Sourcing Ltd
TESCO INTERNATIONAL SOURCING LIMITED
Lacoste (Wanchai)
Midas Clothing Limited
IDH – The Sustainable Trade Initiative
G-Star Raw C.V.
Chico’ FAS
MAS Active / MAS Kreeda / MAS Bodyline
Vardhman Textile Ltd
J ;& P Coats
NITI Aayog
Tommy Hilfiger
Gokaldas Exports Limited
SHAHI Exports Pvt Ltd
Target Corporation (MN)
Lifestyle
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
PVH Corporation

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search