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Saturday, Jul 09, 2005
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Straight deal

K.K. Mustafah

A salesman displays ornaments at a jewellery shop in Kochi. With the tax on gold jewellery reduced from 4.6 to 1 per cent under VAT in the State, there has been a 150 per cent increase in the purchase of gold with bills. The current tax rate for 8 gram of gold stands at below Rs 50 from Rs 250.

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Punjab National Bank ICICI BANK

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