Latest News on Gold imports
Showing of 0 - 10 from 134 results
Gold imports - Total results - 134
Sep 18, 2017
600 kg gold imports from Indonesia in two months; govt mulling curbsThe government has recently imposed restrictions on imports of the precious metal from South Korea on account of jump in gold imports from that country
Sep 15, 2017
Exports up 10.29% to $ 23.8 bn in August; trade deficit widens to $11.64 bnCumulative exports during April-August of 2017-18 rose by 8.57 percent to $118.57 billion
Aug 21, 2017
Banks to pay 3% Integrated GST on gold imports: CBECUnder GST, "3 percent Integrated-GST is payable on all imports of precious metals in addition to the basic customs duty. IGST paid can be taken as input tax credit by the banks."
Aug 21, 2017
Gold consignments from South Korea to face strict customs scrutinyThe Customs authorities have decided to examine thoroughly the consignments of gold coming from South Korea to ensure that there is no violation of provisions of free trade agreement
Aug 15, 2017
India to import 25 tonnes gold from South Korea, avoiding duty, say industry officialsIndia, the world's second biggest gold consumer after #China, imposes a 10 percent import duty on gold
Aug 14, 2017
Export up 3.94% to $22.54 bn in July; trade deficit widens to $11.44 bnCumulative export during April-July of 2017-18 rose by 8.91 percent to $94.75 billion while import increased by 28.30 percent to $146.25 billion, leaving a trade deficit of $51.5 billion.
Aug 09, 2017
Surge in gold imports from South Korea sets off alarm bells, govt mulls steps to check inflowGold imports from South Korea, with which India has a free trade agreement since January 2010, has jumped to $338.6 million during 1 July and 3 August this year. The import in 2016-17 was $70.46 million.
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.
Jul 14, 2017
Export up 4.39% in June; trade deficit widens to $12.96 billionImport rose by 19 percent to US $36.52 billion in June from US $30.68 billion in the year-ago month due to rise in inward shipments of oil and gold.
Jul 12, 2017
GST: Gold imports in June more than triples as buyers rush to beat higher tax rateFor the first half of the year, imports rose to 514 tonnes, up 161 percent from a year ago.