Duty

Pranab to meet jewellers to discuss duty hike issue

The Jewellery Trade Federation will send two representatives to Pranab Mukherjee. They will explain the difficulties encountered by jewellers and sought a complete rollback of the new proposals.

Govt cuts tariff value of imported gold to $530/10grams

The import duty on gold was fixed at 2 percent of the value, instead of the earlier rate of Rs 300 per 10 grams.On silver, the import duty was pegged at 6 percent, as against Rs 1,500 per kg earlier.

India-EU free trade agreement may be finalised by next year

NRIs rejoice: Cheaper Amul shrikhand, paneer and ghee to hit US stores soon

Amul's current annual exports of dairy products to US was pegged at around to Rs 35 crore and the production in the US is expected to help quadruple its sales in the country.

Scrap export duty on iron ore to rescue industry: Vedanta

The Finance Ministry is likely to soon take a call on the demand for withdrawal of export duty on iron ore to encourage outbound shipments.<br />

India's gold imports may go up to 75 tonnes per month

Govt considers extending excise duty concessions to automobile sector

The government had cut excise duty on cars, SUVs and two-wheelers as well as consumer durables in the Interim Budget in February to help the industry tide over a demand slump.<br />

Gold seizures soar to Rs 678 cr in 2013-14 thanks to import curbs

In 2012-13, they had detected 919 cases with the value of gold seized at Rs 94 crore.

India's Q1 gold jewellery imports rose by 10% to Rs 696 cr: GJEPC

However, import of gold bars declined marginally by 3.32 per cent to Rs 8,261.88 crore in the April-June period of 2014-15, it said.<br />

Gold smuggling at its peak? Air India staff, SEZs being used for illegal imports

Government figures show that only 2.34 tonnes of smuggled gold was retrieved last year, while the World Gold Council estimated 200-250 tonnes of gold illegally entering India.<br />