Whenever we sell our gold to goldsmith , he deduct 3 % from its value ..
On what basis he deduct it ? Is it statutarily required ????
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Please solve this doubt ...
Replies (5)
as per my knowledge it is just a standard industrial practice nd not a statutory requirement
But is it require ...??
There must be some kind of requirement for this ...
no it is nt a requirement...its a normal practice based on standard loss...
K ...
Thanks Friends !!!
As per my knowledge they deduct 3% from the value, during first purchase the gold includes the making charges (specially designing cost) but this deduction is not applicable on gold biscuits/bars
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