Tag Archives: transactions:

Finance Ministry plans tougher norms for high-value jewellery transactions: Report

The finance ministry is considering tightening norms for high-value jewellery transactions, Business Standard┬áreported. Linking the transactions with Aadhaar or another ID proof has been proposed, the report said. Officials prefer Aadhaar over PAN as ID proof, sources told the paper. Another suggestion is to bring gem and jewellery dealers under the purview of the Prevention of Money Laundering Act (PMLA), ... Read More »