Journalism of Courage
gold import duty
GOLD IMPORT DUTY NEWS
Double counting error: Official gold import figures for Nov revised down by $5 billion
January 09, 2025 10:07 pm
This follows a likely counting error, which estimated November gold imports at 180 tonnes in volume—about three times the average for the first 10 months.
A 50-fold increase in imports of ‘gold findings’: trigger for pre-Budget duty hike
February 06, 2024 12:10 pm
In December, gold imports jumped by a sharp 156.47 per cent to $3.03 billion, compared to $1.18 billion in the year ago period. Cumulatively, during April-December, gold imports rose by 26.64 per cent year-on-year to $35.95 billion.
Higher customs duty to hit gold jewellery demand this fiscal: Report
July 20, 2022 5:17 pm
Rating agency Crisil on Wednesday said the hike in customs duty on gold by 5 per cent to 12.5 per cent on June 30 is likely to result in flat revenue growth for gold jewellery retailers in the current financial year compared to the exceptional demand witnessed in the year-ago period.
Gold import duty hike: Demand in spot market may not be impacted in the long term, feel analysts
July 22, 2022 6:26 pm
The Centre’s attempt to reduce import bills by hiking the import duty on gold by a sharp 5 per cent, may not affect demand for the precious metal significantly according to market experts.
Govt raises import tax on gold to 12.5% from 7.5%
July 01, 2022 12:33 pm
India fulfils most of its gold demand through imports, which were putting pressure on the rupee that hit a record low earlier on Friday.
Hike in gold import duty part of policy to curb non-essential imports: Revenue Secretary
July 08, 2019 11:38 am
Revenue Secretary Ajay Bhushan Pandey said that economic decisions are based on the overall economic realities and not on the basis of whether somebody's intent to misuse it.
Gold import ban reins in India’s CAD, neighbours pay the price
February 24, 2014 2:36 am
Concerned over the rising CAD, largely due to gold imports, India raised import duty on gold to 10 per cent from Rs 300 per gram in 2012.
Loosen up
January 25, 2014 12:22 am
Gold import curbs are a short-term response to a rising CAD with disquieting consequences for the economy.
A golden corridor
January 12, 2014 9:15 am
Smuggling is back at Kerala airports as hiked import duty and restrictions make the yellow metal even more precious.
Thailand ready to foot duty on gold jewellery exports
October 27, 2013 2:14 am
Exporters from Asian nation are willing to forego bilateral FTA benefits.
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