gold import
RBI drops Axis Bank from list of bullion importers
It was unclear why Axis, one of India’s leading importers of bullion, did not feature in the list.
India's gold imports up 53 per cent to 846 tonne
Global prices of gold remained lower between USD 1,200 per ounce and USD 1,300 per ounce.
Gold duty cut may become a thorny issue in India-EFTA talks
The two-way trade between India and EFTA slumped to USD 19 billion in 2016-17
Banks to pay 3 per cent IGST on gold imports: CBEC
GST is payable at the rate of 3 per cent of the total transaction value of jewellery.
Export of gold items above 22-carat banned
According to industry sources, some exporters were availing of export incentives by claiming export of gold items of above 22 carat purity.
Export up 3.94 per cent in July; trade deficit widens to USD 11.44 bn
Cumulative export during April-July of 2017-18 rose by 8.91 per cent to USD 94.75 billion.
Gold imports from S Korea to touch 25 tonnes in July-Aug
The 10 per cent import duty on gold does not apply to countries that have signed FTA with India.
Tax burden on gold should reduce under GST regime: WGC
GST will bring lot of transperency in the gold industry including check on illgeal imports.
India's gold imports could plunge in 2017
The plunge takes place after jewellers have aggressively restocked inventory ahead of a national sales tax that takes effect on July 1.
Indian exports rise 20 per cent in April
The strong performance expected in FY18 may help India retain the the fastest growing tag.