No proposal to lower gold import duty: FinMin
The Finance Ministry on Friday said at present it has no proposal to lower customs duty on gold from the current 10 percent.
Jul 25, 2014, 16:42 PM IST
Govt has no proposal to reduce gold import duty
India, desperate to trim a gaping current account deficit, took a slew of measures last year to curb demand for bullion, its second-biggest import after oil.
Jul 25, 2014, 12:59 PM IST
Curbs on gold import can go after situation improves: Jaitley
The government will consider relaxing curbs on gold import once the fiscal situation becomes more comfortable, Finance Minister Arun Jaitley said.
Jul 11, 2014, 14:41 PM IST
Jewellery sector expresses disappointment with Union Budget
The gems and jewellery industry which had sought reduction in the gold import duty as well as abolition of the stringent "80:20 norms", expressed its disappointment with Union Budget.
Jul 11, 2014, 13:24 PM IST
Govt may cut 2% import duty on gold in budget: BoAML
The union government is expected to cut two percent import duty in gold in the forthcoming budget, as local jewellers run out of inventory, a leading US brokerage said.
Jun 29, 2014, 18:58 PM IST
GJEPC seeks duty cut on gold to 2%, scrapping 80:20 rule
The Gems and Jewellery Export Promotion Council (GJEPC) has urged the government to reduce import duty on gold and silver to 2 percent from 10 percent.
Jun 20, 2014, 08:43 AM IST
Gold premiums fall to 4-month low on higher supplies
Gold premiums fell to 25-30 an ounce on London prices, a level last seen in February, from USD 60 charged earlier in June. Premiums hit a record of USD 160 an ounce in December last year.
Jun 18, 2014, 12:50 PM IST
India needs to rationalise gold import duty: Trade secretary
India needs to "rationalise" duty on gold imports, which plunged 72 percent in May, Trade Secretary Rajeev Kher told reporters on Wednesday.
Jun 11, 2014, 13:03 PM IST
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