Latest News on Gold import duty
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Gold import duty - Total results - 9
Jul 28, 2017
Falling trade deficit opens space to reduce gold import tax, could make bullion cheaperA lower import duty would also help in curbing gold smuggling, which the industry says is likely to rise after the hike in sales tax on gold jewellery from 1 July.
Feb 05, 2015
Budget 2015: Govt may consider reducing gold import duty by 2-4%The government may consider 2-4 percent reduction in gold import duty in the forthcoming Budget, a move that could help boost exports and manufacturing of gems and jewellery
Nov 29, 2014
Jaitley sees the light: Easing gold import curbs will help boost growth, jobsFinance Minister Arun Jaitley, in the interests of raising revenue, has ended the 20:80 gold import scheme. good. Making life difficult for jewellers is both growth- and employment-retarding
Aug 14, 2013
Raising gold import duty is not the only solution to India's CAD troublesThis is India's fifth increase in gold import taxes in the past year and a half to curb imports and raise capital inflows to relieve the grinding pressure on the rupee which hit a record low of 61.80 against the dollar last week.
Jun 06, 2013
Gold price in India about to soar again and so will smuggling. Here's whyAccording to WGC data, India imported 860 tonnes of gold in 2012 calendar year. During January-March of 2013, the country imported 215 tonnes.
Mar 12, 2013
Govt may hike gold duty further to reduce gold importsMeasures like raising customs duty are expected to lead to moderation in gold imports which is putting pressure on current account deficit, Minister of State for Finance Namo Narain Meena said today.
Feb 21, 2013
Gold drops nearly 1 percent; lowest in seven monthsGold futures in India, the world's biggest consumer of the metal, fell 0.9 percent on Thursday morning to their lowest level in seven months, mirroring a similar trend overseas, though a weak rupee limited the downside.
Feb 18, 2013
Govt likely to take more steps to curb gold importsIndia, the world's biggest gold importer, is likely to take more steps to curb purchases of bullion, a senior official with India's second-biggest gold importer, state-run MMTC , told reporters on Monday.
Feb 15, 2013
Duty hike fears push gold imports up by 23% in JanuaryGold imports into India surged 23 percent to 100 tonnes in January, the head of the leading trade body here said, as traders snapped up supplies ahead of a hike in duty by a government struggling to rein in its import bill.