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March 01, 2018

Jade and jewelry exports fetch over US$57million in four months

The export of jade and jewelry in four months of this fiscal year (FY) fetched over US$57million in four months of this fiscal year, it is learnt from the Ministry of Commerce.
The export of raw jade from 1st April to 31st July in this FY amounted to US$53.016 million, with an export volume of 475.096 tonnes. Jade jewelry worth US$4.047 million was also exported. However, the export value of jade and jewelry in this four months of this FY is lower than that of a similar period last year, it is learnt.
During the previous fiscal year, raw jade worth US$305.779million and jewelry worth US$15.514million were exported to China via the Muse border trade camp.
There is a 10 per cent  tax levied on finished jewelry products, depending on volume and weight. The special goods tax at 5 per cent and Income tax at 2 per cent is also collected. A 1 per cent service charges is also collected.—200


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