For the gems and jewellery sector, Gold attracts a 10% import duty which is a restraint. In import duty, The Union Budget did not show any reduction even after the industry’s requests. Mr Pravin Shanker Pandya who is the Chairman of Gems and Jewellery Export Promotion Council (GJEPC) says that for reducing import duty on […]
Tag Archives | Gold Import
Gold Import Duty Lowers from 10% to 6% by Government consideration
To control the imports that were soaring high, import duty on gold was made three times in the year 2013. However, in the last seven years, in 2016 the demand has been seen falling down to a lowest. The second largest amount of gold in the world is consumed by India. Mainly to cut down […]
ICRA says Gold import will determine India’s current account deficit
In October-November 2016, the gold import bill of is expected to be similar to the first six months, the country’s current account deficit (CAD) for these two months will be greater than the first half of the season as per ICRA. This year for gold, the remaining demand would further impact the deficit size of […]
