India has tightened silver imports in a major policy move to stop traders from taking advantage of a fresh duty gap created after the government raised import taxes on precious metals. Once duties on gold and silver were increased to 15%, concerns grew that lower-duty silver could start entering India through Dubai under the India-UAE free trade agreement, giving importers a way to avoid the full burden of the higher tariff.

India Business News: In a bid to keep foreign exchange reserves buffer intact, the government has raised the import duty on gold and silver to 15% from 6%. India is the wo.

New Delhi, May 14 (PTI) A day after significantly increasing the import duty on precious metals, the government on Thursday imposed a limit of 100 kg on gold imports under the…

Increasing import duties on gold, the right step

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…

India has raised gold import duty to 15% and urged citizens to buy less gold. This move targets foreign reserves and the rupee's value. However, India's strong cultural demand for…

New government restrictions target silver imports. The Centre is also tightening rules for duty-free gold imports by jewellery exporters. These measures aim to control precious…

India tightens silver bar imports, requiring government authorization after significant duty hikes to control trade deficit and currency concerns.

India has introduced new rules for silver imports. Importers now need a government license. This policy aims to control the flow of precious metals and reduce the country's…

NEW DELHI: Days after more than doubling the customs duty, govt on Saturday moved in to restrict the import of certain types of silver as part of its strategy to reduce surging…