Thu, Aug 15, 2024
In July alone, the imports declined by 10.65 per cent to USD 3.13 billion as against USD 3.5 billion in the same month last year. The inbound shipments were also in negative during June (-38.66 per cent) and May (-9.76 per cent).
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Wed, Jun 12, 2024
Last year, the DGFT had amended the import policy on unstudded jewellery and certain other gold articles to "restricted" from "free" category.
Thu, Jul 13, 2023
The Indian government has restricted imports of certain gold jewellery and articles in an effort to address the swelling trade deficit. The move comes as imports of gold and other precious metals have declined in recent months. Importers will now need permission or a license from the government to import these gold products.
Tue, Jun 20, 2023
Quota allows one per cent less duty than usual on imports. DGFT's March allotments were termed as 'fixed-match' by bullion traders.
Thu, Apr 27, 2023
As per the earlier notification,78 applications from manufacturers were received now but the fresh window will be open for all those who have Importer Exporter Code (IEC).
Tue, Jan 17, 2023
UBS India economist Tanvee Gupta Jain expects the upcoming budget to increase rural/agri spending by $10 billion
Thu, Jan 12, 2023
As per the provision, 80% of Debt-Linked Savings Scheme (DLSS) will have to be invested in debentures and bonds of the company
Mon, Jan 09, 2023
Centre has prepared the list of these items, which include private jets, helicopters, jewellery, vitamins, high-end electronic items, plastic goods, and high-gloss paper
Fri, Dec 30, 2022
Budget 2023 Expectation: Gold imports have a bearing on the current account deficit (CAD). India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. In volume terms, the country imports 800-900 tonne of gold annually.
Mon, Mar 16, 2020
Gold imports, which have a bearing on the country's current account deficit (CAD), fell 8.86 per cent to USD 27 billion (about Rs 1.90 lakh crore) during April-February period of the current financial year, according to commerce ministry data
Mon, Jan 23, 2017
"Total taxes on gold is about 13% at present. This has to come down, between GST and Customs duty, to a reasonable level so that there is no incentive to grey market," Somasundaram P R, head of the WGC's India operations, told PTI.
Tue, Jan 03, 2017
Commerce and Industry Ministry on Tuesday asked the GST Council to grant ab-initio exemption to exporters from the Goods and Services Tax (GST) and keep the labour-intensive sectors like leather and plantation completely out of the tax net or put them in lowest slab.
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