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Commodities
Print new MRP on unsold stock after factoring in input tax: Govt

The companies should not print new MRP on unsold stock manufactured, packed or imported prior to July "mechanically" but after taking into account extra availability of input tax credit under the GST, the government said today.

 
 
Jewellery manufactured in West Bengal should get the GI tag so that it could fetch a premium over others, a leading B2B trade show organising company UBM India said.
Gold prices were trading lower by Rs 108 to Rs 28,338 per 10 grams in futures trade on Friday as participants cut down their holdings amid a weak global cues.
US West Texas Intermediate (WTI) crude oil futures were trading at $51.97 per barrel at 0134 GMT, down 15 cents from their last settlement.
International Brent crude oil futures were trading at $53.66 per barrel at 0242 GMT, down 28 cents, or 0.52 percent, from their last close.
The gold demand stood at 1,104.8 tonnes in the corresponding quarter last year, according to the WGC's 'Q3 2016 Gold Demand Trends' report.
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