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India Bullion and Jewellers Association Ltd. (IBJA) have proposed the following recommendations in Union Budget 2025

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Recommendations (Numbered list):

  1. Reduction in import duty from 8% to 4%.
  2. Special benefit of 0.5% duty for importing gold through India International Bullion Exchange (IIBX).
  3. Establishing ‘GST Bonded warehouse’ where duty is to be paid at the time of clearing goods on limit of Custom Bonded warehouse.
  4. Creation of Electronic Gold Receipt (EGR) through GST Bonded ware-house. This will enable trading on EGR on exchanges.
  5. Allowing all import of gold only through IBDX.
  6. Allowing bullion export through IBDX.
  7. Setting up jewellery support centre at GIFT City for domestic traders.
  8. Mandatory Hallmarking for gold and silver across India for jewellery.
  9. Stopping import duty benefits from least developed countries (LDC) and Free Trade Area (FTA) countries and restoring the market.
  10. Gradually moving to 100% bullion trade through commodity exchanges only.
  11. Removing capital gain tax on gold jewellery and jewellery sales to boost gold monetization and reducing import.
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National News

Candere expands Karnataka presence with Kengeri store opening

Lifestyle jewellery brand by Kalyan Jewellers strengthens Bengaluru footprint with modern retail experience and launch offers up to ₹35,000 off per carat.

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Candere, the lifestyle jewellery brand by Kalyan Jewellers known for its modern and trend-led designs, has expanded its retail presence in Karnataka with the launch of its newest store in Kengeri, Bengaluru. This new addition further reinforces the brand’s commitment to offering accessible, stylish, and contemporary jewellery for today’s discerning customers.

The Kengeri store represents Candere’s continued expansion in Karnataka, bringing its curated jewellery experience to one of the city’s rapidly developing residential and commercial neighbourhoods. The expansion strengthens the brand’s presence in key urban markets, catering to the growing demand for modern, design-led jewellery. Thoughtfully designed, the Kengeri store offers a contemporary retail environment complemented by personalised in-store assistance, reflecting Candere’s commitment to elegance, innovation, and an elevated shopping experience.

Known for its lightweight, versatile, and trend-forward jewellery, Candere appeals to Gen Z, working professionals, and style-conscious individuals looking for contemporary designs at accessible price points starting from Rs.10,000. Each piece is designed to help customers express their personal style through contemporary jewellery that blends seamlessly into everyday life.

To mark the launch of its new store, Candere is offering special promotions: Get up to Rs.35,000 off per carat + Rs.850 off per gram on making charges.

With the launch of its store in Kengeri, Candere continues to strengthen its omni-channel presence, integrating its digital expertise with a growing physical retail network. Supported by the heritage and trust of Kalyan Jewellers, the brand continues to enhance the jewellery-buying journey with a focus on transparency, ease, and customer relevance.

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