India is the world’s largest consumer of gold, yet the country must import a large quantity to meet consumer demand. In May alone, India imported 162 tonnes of gold. Last month, the Reserve Bank of India set in place new regulations to restrict the sale of gold on consignment basis to ...
Cut duty on gold imports, PMK tells CentrePress Trust of India
India's love affair with gold has reached a fever pitch, fueled by a recent government decision to slash import duties on the precious metal. The move, announced just weeks ago, has sent shockwaves through the market, triggering a surge in demand that is reminiscent of the country's histori...
PART - II General Exemptions - Customs Duty/Import Duty or Import Tariff I General Exemption Notifications for Import of Goods under various Export Promotion Schemes A. General Exemption on Advance Licencing Scheme or DEEC Scheme: 1 General Exemption to Goods when Imported into India against an...
The high import duty structure on gold has led to growth in parallel market, which in turnhas negatively impacted the trade. Also, it has been preventing the country from competing in the international market, he noted. Talking to media, Mr. Shah said that the Union Minister has assured to...
WGC: New SRO to Regulate India's Gold Industry WGC: Gold is a Risk Diversifier and Inflation Hedge In its request to the Finance Ministry, the Gem & Jewellery Export Promotion Council (GJEPC) demanded that the import duty on gold, silver and platinum be reduced from current levels to 4%...
You can carry articles up to the value of Rs 50,000 as a duty-free allowance. However, LCD/LED TV cannot be included in this. Related Articles: Indian Customs Rules For Gold Indian Airport Customs Duty On LCD/LED TV How Much Cash Can You Carry on Flights To India ...
29339900 - Other of India Custom Duty andImport Tariffand Tax. Important Information: Duty Calculation with SAARC Member Countries. For Duty Calculation with SAARC Member Countries Please Choose Rates Declared on 1-Jul-2007. These Duties will be applicable between SAARC Member States under SAFTA.Appe...
In a recent meeting with Finance Minister Nirmala Sitharaman, gems and jewellery exporters made a strong appeal for the reduction of import duties on gold, silver, and platinum bars to 4 percent ahead of the upcoming Budget. The Gems and Jewellery Export Promotion Council (GJEPC) underscored the...
tariff,duty- a government tax on imports or exports; "they signed a treaty to lower duties on trade between their countries" ship money- an impost levied in England to provide money for ships for national defense Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton Unive...