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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 scheme. These measures are designed to support the Indian rupee. Gold imports had reached a record high in the previous fiscal year. New rules include quantity caps and mandatory inspections for exporters.
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hindustantimes.com
Centre raises gold, silver import duties to 15% amid West Asia turmoil
Import duties on gold and silver has been increased from 6% to 15%, while the import duty on platinum has been increased from 6.4% to 15.4%. | Business News
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theprint.in
Centre more than doubles tariffs on gold, silver to defend rupee
The hikes, aiming to dampen demand in the world’s second-largest bullion market, follow a rare weekend appeal from PM Modi. Gold is the country’s largest import item after crude…
