Scrapping excise Duty on branded gold coins to increase investments : PHD Chamber

Scrapping excise Duty on branded gold coins to increase investments : PHD Chamber

Scrapping excise Duty on branded gold coins to increase investments : PHD Chamber

 

No.PR-137
December 1, 2016
New Delhi
 

Scrapping excise Duty on branded gold coins to increase investments : PHD Chamber
 

Elimination of 1% excise duty on branded gold coins, is a good move by the Government and a win-win situation for the industry and consumers, said Mr. Gopal Jiawrajka, President, PHD Chamber of Commerce and Industry in a press statement issued here today.
 

This will boost the investment sentiment among the people and help consumers to invest their good money in gold for the long term savings’ perspective, said Mr. Jiwarajka
 

Moreover, this will increase the circulation of money in the economy as many investors with new currency in their hands are finding investment avenues. With the investments in gold, money will come in circulation and help the banking sector to meet the cash requirements of the people, added Mr. Gopal Jiawrajka.
 

Ends.

Koteshwar Prasad Dobhal
Consultant (PR)