Gold Import Duty
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In Union Budget 2024, Good News For Those Looking To Buy Gold
Finance Minister Nirmala Sitharaman today announced a reduction in import duties on gold to 6% from 15%, a move spelling good news for those looking to buy the yellow metal. The customs duty on silver has also been slashed.
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Budget 2023: Commerce Ministry Seeks Cut In Gold Import Duty To Boost Exports
The industry is pinning its hope on the forthcoming Budget to push exports and generate jobs in the sector, Ex Chairman, Gems and Jewellery Export Promotion Council (GJEPC), Colin Shah said.
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Platinum Imports Jump Record High As Refiners Take Advantage Of Tax Change
The platinum imports in September jumped multifold to a record high as refiners imported a large amount of gold containing small amounts of platinum but registered the purchases with customs as platinum alloy to avoid paying higher duties, government and industry officials told Reuters.
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India Hit By Emerging Market Investor Exodus As Rupee Tumbles
Investors reeling from the brutal emerging markets selloff over the past six months again fled the rupee as India's currency hit new lows, prompting the government to curb gold imports and oil exports to arrest a widening deficit.
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Gold Import Tax Hike To Fuel Smuggling, Please Reconsider Decision: Industry Bodies
Jewellery and industry experts on Friday said the increase in import duty on gold to 15 per cent will fuel smuggling and urged the government to review the tariff rate on the yellow metal.
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Carnage For Reliance, ONGC Shares After Hike In Fuel Export Duty And Windfall Tax
Reliance Industries and ONGC shares were hammered on Friday after thegovernment imposed export taxes on petrol, diesel and a windfall tax on domestic crude oil to boost internal supplies.
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Centre Hikes Gold Import Tax To 12.5% As Rupee Hits Record Low
Gold Import Tax: India has raised its basic import duty on gold to 12.5% from 7.5%, the government said on Friday, as the world's second biggest consumer of the precious metal tries to dampen its demand and bring down the trade deficit.
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Budget 2022: Jewellery Trade Body Seeks Reduction In Gold Import Duty
Gems and Jewellery Export Promotion Council (GJEPC) has urged the government to reduce import duty on gold to 4 per cent from 7.5 per cent and a special package for the sector in the forthcoming Budget to boost shipments.
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Budget Measures Positive For Gold Industry, Demand Set To Recover: WGC
World Gold Council: Lower import duty on gold may boost consumer demand and curb unofficial imports but some policy areas can take longer to progress than others
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Government Must Reduce Import Duty, GST On Gold To 7%, Say Experts
Budget 2021: The government should reduce the import duty on gold and goods and GSTto seven percent to boost gold trade, stated Ahammed MP, Chairman, Malabar Gold and Diamonds
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Gold Sales Likely To Decline 50% On Dhanteras: Experts
Gold imports have nosedived due to higher prices and an increase in the import duty, an expert said.
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Jewellery Industry Hit By "Recession", Job Losses Likely: Industry Body
In the Union Budget for 2019-20, customs duty on imported gold was raised from 10 per cent to 12.5 per cent.
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Gold Prices Remain Unchanged After Gaining By 1,260 Rupees In 2 Sessions
In Delhi, gold of 99.9 per cent and 99.5 per cent purity traded flat at Rs 35,470 per 10 grams and Rs 35,300 per 10 grams, respectively
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Gold Discount At Three-Year Peak After Import Duty Hike: Report
Finance Minister Nirmala Sitharaman raised the import duties on gold and other precious metals to 12.5 per cent from 10 per cent in her first budget on Friday.
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Increase In Gold Import Duty To Impact Jewellery Industry Adversely: Experts
During her budget speech, Union Finance Minister Nirmala Sitharaman on Friday proposed to increase custom duty on gold and other precious metals from 10 per cent to 12.5 per cent.
-
In Union Budget 2024, Good News For Those Looking To Buy Gold
Finance Minister Nirmala Sitharaman today announced a reduction in import duties on gold to 6% from 15%, a move spelling good news for those looking to buy the yellow metal. The customs duty on silver has also been slashed.
-
Budget 2023: Commerce Ministry Seeks Cut In Gold Import Duty To Boost Exports
The industry is pinning its hope on the forthcoming Budget to push exports and generate jobs in the sector, Ex Chairman, Gems and Jewellery Export Promotion Council (GJEPC), Colin Shah said.
-
Platinum Imports Jump Record High As Refiners Take Advantage Of Tax Change
The platinum imports in September jumped multifold to a record high as refiners imported a large amount of gold containing small amounts of platinum but registered the purchases with customs as platinum alloy to avoid paying higher duties, government and industry officials told Reuters.
-
India Hit By Emerging Market Investor Exodus As Rupee Tumbles
Investors reeling from the brutal emerging markets selloff over the past six months again fled the rupee as India's currency hit new lows, prompting the government to curb gold imports and oil exports to arrest a widening deficit.
-
Gold Import Tax Hike To Fuel Smuggling, Please Reconsider Decision: Industry Bodies
Jewellery and industry experts on Friday said the increase in import duty on gold to 15 per cent will fuel smuggling and urged the government to review the tariff rate on the yellow metal.
-
Carnage For Reliance, ONGC Shares After Hike In Fuel Export Duty And Windfall Tax
Reliance Industries and ONGC shares were hammered on Friday after thegovernment imposed export taxes on petrol, diesel and a windfall tax on domestic crude oil to boost internal supplies.
-
Centre Hikes Gold Import Tax To 12.5% As Rupee Hits Record Low
Gold Import Tax: India has raised its basic import duty on gold to 12.5% from 7.5%, the government said on Friday, as the world's second biggest consumer of the precious metal tries to dampen its demand and bring down the trade deficit.
-
Budget 2022: Jewellery Trade Body Seeks Reduction In Gold Import Duty
Gems and Jewellery Export Promotion Council (GJEPC) has urged the government to reduce import duty on gold to 4 per cent from 7.5 per cent and a special package for the sector in the forthcoming Budget to boost shipments.
-
Budget Measures Positive For Gold Industry, Demand Set To Recover: WGC
World Gold Council: Lower import duty on gold may boost consumer demand and curb unofficial imports but some policy areas can take longer to progress than others
-
Government Must Reduce Import Duty, GST On Gold To 7%, Say Experts
Budget 2021: The government should reduce the import duty on gold and goods and GSTto seven percent to boost gold trade, stated Ahammed MP, Chairman, Malabar Gold and Diamonds
-
Gold Sales Likely To Decline 50% On Dhanteras: Experts
Gold imports have nosedived due to higher prices and an increase in the import duty, an expert said.
-
Jewellery Industry Hit By "Recession", Job Losses Likely: Industry Body
In the Union Budget for 2019-20, customs duty on imported gold was raised from 10 per cent to 12.5 per cent.
-
Gold Prices Remain Unchanged After Gaining By 1,260 Rupees In 2 Sessions
In Delhi, gold of 99.9 per cent and 99.5 per cent purity traded flat at Rs 35,470 per 10 grams and Rs 35,300 per 10 grams, respectively
-
Gold Discount At Three-Year Peak After Import Duty Hike: Report
Finance Minister Nirmala Sitharaman raised the import duties on gold and other precious metals to 12.5 per cent from 10 per cent in her first budget on Friday.
-
Increase In Gold Import Duty To Impact Jewellery Industry Adversely: Experts
During her budget speech, Union Finance Minister Nirmala Sitharaman on Friday proposed to increase custom duty on gold and other precious metals from 10 per cent to 12.5 per cent.
