The Central Board of Indirect Taxes and Customs is initiating the formation of a panel to handle the considerations raised by the gems and jewelry business related to customs clearances. The trade has highlighted issues such as the shortage of valuers, challenges with the hand-carriage of gems and jewellery, and concerns concerning the Remission of Duties or Taxes on Export Products scheme. Robust sales of luxurious jewellery manufacturers Buccellati, Cartier and Van Cleef & Arpels contributed strongly to Richemont’s performance in its third fiscal quarter ending December 31, 2023. From the pictures shared by Sherie Ngigi, one can see that …