Govt hikes import tariff value on gold, silver

Last Updated: Friday, January 16, 2015, 20:55

The government Friday hiked import tariff value on gold to USD 401 per 10 grams and on silver to USD 543 per kg in line with global price trends.

Gold imports plunge in December

Last Updated: Thursday, January 15, 2015, 20:14

However, gold imports were still higher on a year-on-year basis by 7.4 percent from USD 1.25 billion in December 2013.

GJF wants import duty to be cut to 2%

Last Updated: Wednesday, January 14, 2015, 19:45

Gems and jewellery traders have asked the government to cut down the duty on gold to two percent from current 10 percent.

Jewellers urge govt to reduce gold import duty to 2%

Last Updated: Sunday, January 11, 2015, 17:49

The jewellery industry has asked the government to reduce customs duty on gold to 2 percent, from 10 percent at present, in order to check smuggling of the precious metal.

Gold imports down in December, says trade body

Last Updated: Thursday, December 25, 2014, 19:37

Gold imports are likely to decline drastically this month as jewellers over-stocked the metal in anticipation more import restrictions, according to a trade body.

RBI may issue clarification on gold imported under 80:20 norms

Last Updated: Tuesday, December 23, 2014, 21:32

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

Govt hikes import tariff value on gold and silver

Last Updated: Tuesday, December 16, 2014, 18:26

The government Tuesday raised import tariff value on gold to USD 396 per 10 grams and on silver to USD 561 per kg in line with volatile global price trends.

Cut in gold import duty unlikely before Budget

Last Updated: Thursday, December 4, 2014, 12:52

Any revision in gold import duty is unlikely to take place before the Budget and there is no proposal as of now to reduce the 10 percent duty, a finance ministry official said.

Govt may change duty import structure for gold: Rajan

Last Updated: Tuesday, December 2, 2014, 20:35

Hinting that government may change duty structure for gold, Reserve Bank Governor Raghuram Rajan today said the 80:20 import curb was scrapped to remove distortions it was creating in the precious metal trade.

Govt reduces import tariff value on gold and silver

Last Updated: Monday, December 1, 2014, 21:38

The government Monday reduced import tariff value on gold to USD 388 per 10 grams and on silver to USD 540 per kg, following global price trends.

Jewellery stocks shine, gain up to 20% on RBI move

Last Updated: Monday, December 1, 2014, 18:38

Jewellery stocks on Monday jumped up to 20 percent after the Reserve Bank eased restrictions on gold import.

Removal of 80:20 scheme will boost jewellers'' confidence: WGC

Last Updated: Saturday, November 29, 2014, 14:35

Under the scheme, 20 percent of the imported gold had to be exported before getting a new lot. The scheme was put in place in August 2013 to curb gold imports, which was considered a major cause for the widening current account deficit of the country.