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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…
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timesofindia.indiatimes.com
Govt caps gold imports under advance authorisation at 100 kg, tightens compliance rules
The government has capped gold imports under the Advance Authorisation scheme at 100 kilograms and tightened compliance and monitoring norms for importers in the gems and…
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India restricts duty-free gold imports to curb misuse
India has imposed new restrictions on duty-free gold imports. This move follows a recent increase in customs duties. The government aims to prevent misuse of a special import…