Friday, September 27, 2013

Merry-go-round shifts axis of bling

Exporters of gold jewellery involved in round-tripping before the Reserve Bank’s (RBI) curbs on import of gold, which began in May, seem to have shifted focus to round-tripping of diamond-studded gold jewellery. Round-tripping is exporting of goods without much value addition, to avail cheaper export finance from banks and show a higher export performance to get the benefits of a star trading/export house..........

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