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Government tightens rules for duty-free gold imports, caps quantity at 100 kg per licence
The Directorate General of Foreign Trade has introduced new rules for duty-free gold imports by gems and jewellery exporters. These measures include a 100 kg limit per licence and mandatory facility inspections for new applicants. Existing exporters must meet 50 percent of previous export obligations. Fortnightly performance reports are now required, enhancing oversight.
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economictimes.indiatimes.com
Duty hike may bring out more old gold into market
Industry executives said promoting sales of lower carat jewellery like 14K and 9K can reduce imports by 20-30%, and discouraging investments in gold bars and coins can reduce…
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Government tightens rules for duty-free gold imports, caps quantity at 100 kg per licence
The Directorate General of Foreign Trade has introduced new rules for duty-free gold imports by gems and jewellery exporters. These measures include a 100 kg limit per licence and…
