Import Restrictions On Gold

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  Restrictions Imposed On Import Of Certain Gold Jewellery, Articles

  The government on Wednesday imposed import restrictions on certain gold jewellery and articles, a move which would help cut the import of non-essential items.

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  Government Restricts Gold, Silver Import From South Korea

  Earlier, a 12.5 per cent excise duty was scrapped along with other local taxes when a goods and services tax (GST) was introduced on July 1.

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  Gold Demand In India Seen Muted In Second Half On GST

  The government has tried to curb costly bullion imports and put restrictions on cash transactions.

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  Import Restrictions Led to Rise in Gold Smuggling, Says Government

  The Minister noted that besides increase in Customs duty rates, factors like fluctuation in international price of gold and other restrictions on import of gold also contributed to the increase in incidence of gold smuggling.

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  Import Restrictions Led To Rise In Gold Smuggling: Government

  Import restrictions on gold led to a rise in its smuggling and the various ways adopted to illicitly bring in the precious metal in the country include concealment in passenger's body, aircraft, baggage and smuggling at land borders and coastal areas, Parliament was informed today.

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  Gold Imports Rise 78% to $3.13 Billion in April

  Gold imports surged 78.33 per cent year-on-year to $3.13 billion in April on declining prices and easing of restrictions by the Reserve Bank of India (RBI).

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  Gold Import Curbs May Have Led to Rise in Smuggling Activity

  Import restrictions on gold may have led to increase in smuggling of the precious metal in recent years, Parliament was informed on Friday.

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  Ease Import Restrictions on Gold: Economic Survey

  The country's overall trade performance signals an opportune time for removal of restrictions on gold, says the Economic Survey.

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  Gold in 2014: Why Prices Fell Nearly Rs 4,000

  Government had imposed severe restrictions late last year on gold imports, including an increase in import duty to 10 per cent to check burgeoning current account deficit and sliding rupee. The steps, in line with the Centre's aim to help lower gold imports, also led to increased instances of smuggling.

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  Clarification Likely on Gold Imported Under '80:20' Norm

  Gold imports prior to abolition of the 80:20 scheme may not be subject to restrictive provisions imposed by the Reserve Bank of India (RBI) to contain import of the precious metal.

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  Gold at 2-Week Low on Easing of Import Curbs by RBI

  Bullion traders attributed the fall in gold prices to easing restrictions on gold imports by the RBI by scrapping the controversial scheme, which is likely to enhance supplies and check smuggling of the precious metal.

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  Trade Body Asks Members to Curb Sales of Gold Coins and Bars

  India, the world's second-largest gold buyer, is likely to announce some new measures to rein in gold imports which might include restrictions on a group of private trading firms.

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  Why Government May Curb Gold Imports Soon

  Officials from the Reserve Bank and finance ministry have been meeting regularly over the past few days to discuss possible curbs on gold imports and fresh restrictions on the shipment of the yellow metal looks imminent, sources told NDTV. Rising gold shipments in the country seem to be the immediate trigger for import curbs.

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  No Decision Yet Over Restriction on Gold Imports: Commerce Minister

  The government will take a decision on easing of restrictions on gold imports after studying the issue in detail, Commerce and Industry Minister Nirmala Sitharaman said on Friday.

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  Government May Reimpose Curbs on Gold Imports

  The government is mulling over reimposing some restrictions on gold imports after Diwali as higher inward shipments of the metal in the last few months have pushed up the trade deficit, a government official said.