600 kg gold imports from Indonesia in two months; govt mulling curbs
The government has recently imposed restrictions on imports of the precious metal from South Korea on account of jump in gold imports from that country
Exports up 10.29% to $ 23.8 bn in August; trade deficit widens to $11.64 bn
Cumulative exports during April-August of 2017-18 rose by 8.57 percent to $118.57 billion
Banks to pay 3% Integrated GST on gold imports: CBEC
Under 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."
Gold consignments from South Korea to face strict customs scrutiny
The 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
India to import 25 tonnes gold from South Korea, avoiding duty, say industry officials
India, the world's second biggest gold consumer after #China, imposes a 10 percent import duty on gold
Export up 3.94% to $22.54 bn in July; trade deficit widens to $11.44 bn
Cumulative 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.
Surge in gold imports from South Korea sets off alarm bells, govt mulls steps to check inflow
Gold 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.
Export up 4.39% in June; trade deficit widens to $12.96 billion
Import 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.
GST: Gold imports in June more than triples as buyers rush to beat higher tax rate
For the first half of the year, imports rose to 514 tonnes, up 161 percent from a year ago.
India's gold imports surge 3-fold to US $4.95 bn in May
Surge in the imports last month contributed to the widening of trade deficit to a 30-month high of US $13.84 billion as against US $6.27 billion in May 2016
Exports grow 8.32% in May; trade deficit hits 30-month high
Strong performance by petroleum, engineering, textiles and gems and jewellery sectors propelled the country's exports growth during the month
Gold imports to drop back sharply after Q1 spike, says World Gold Council
Launch of GST and restrictions on refiners' ability to import unrefined gold will take their toll.
Gold imports record three-fold jump to $3.85 bn; Akshaya Tritiya boosts demand
India is the world's second biggest gold consumer after China. The imports mainly take care of demand by the jewellery industry.
Exports jump 27.6% in March; trade deficit swells to US $10.4 billion
A huge spike in gold imports pushed the trade deficit to US $10.43 billion during the month under review from US $4.4 billion a year ago.
Exports jump 17% to $24.5 bn in February; trade deficit widens
The trade deficit widened as well to USD 8.89 billion as imports expanded.
Current account deficit will see 50% rise to $30 bn in FY18: ICRA
the pressure related to the financing of a larger current account deficit would abate with the resumption of non-resident Indian (NRI) deposits in 2017-18
5th straight month of exports growth, but India is not out of the woods, yet
India needs to make its products more competitive for it to enhance exports in an increasingly shrinking world market
Exports rise for fifth straight month, up 4% to $22 bn in Jan; gold imports slip 30%
Imports widened to $31.95 billion in January, up 10.7 percent from the same month last fiscal
India's gold demand hit by note ban, but long-term holds good on strong consumption hopes
WGC said gold trade will become more transparent with introduction of GST, mandatory hallmarking and a massive push by organised jewellers to promote non-cash payments
Demonetisation: Nov gold imports at 100 t; did evaders rush to convert black money?
The estimated 100 tons of gold import in November is the most for this year and accounts for a fifth of the 500 tonne of this precious metal imported in the current year so far