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.

Solvent extractors demand higher import duty on edible oils

Last Updated: Friday, December 26, 2014, 17:47

The Solvent Extractors' Association of India (SEAI) Friday welcomed the government's decision to hike the import duty on edible oil by five percent, and urged the government to provide more relief to the sector.

Govt hikes import duty on crude & refined edible oil by 5%

Last Updated: Thursday, December 25, 2014, 18:15

The government has hiked import duty on both crude and refined edible oil by 5 percent to protect the interest of domestic farmers and oil processors amid fall in global prices, a move that may lead to rise in retail prices.

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.

CAD to decline to 2.5%, raises hope of gold import duty cut

Last Updated: Tuesday, January 28, 2014, 15:27

The Reserve Bank on Tuesday said Current Account Deficit (CAD) in this fiscal is expected to decline to below 2.5 percent of GDP from 4.8 percent a year ago, raising hopes of a cut in import duty on gold.

CAD to decline to 2.5%, raises hope of gold import duty cut

Last Updated: Tuesday, January 28, 2014, 15:27

The Reserve Bank on Tuesday said Current Account Deficit (CAD) in this fiscal is expected to decline to below 2.5 percent of GDP from 4.8 percent a year ago, raising hopes of a cut in import duty on gold.

Sonia Gandhi for action on gold duty; government says not now

Last Updated: Thursday, January 23, 2014, 16:49

Sharma, who too is in Davos, said the mechanism linking gold imports with exports has been working well.

CCEA approves increase in import duty on refined oil to 10%

Last Updated: Thursday, January 9, 2014, 21:26

The government on Thursday increased import duty on refined edible oil to 10 percent to protect the domestic processing industry and farmers.

SEA seeks higher import duty on refined oil

Last Updated: Friday, December 27, 2013, 18:58

Solvent Extractors' Association of India (SEA) on Friday pitched for raising import duty on refined palmolein oil in order to discourage its cheap import and safeguard the interest of domestic refineries.

Gold still showing no sign of losing its sheen in India

Last Updated: Sunday, December 22, 2013, 21:03

Steady demand, despite import restrictions, saw gold prices swaying between Rs.26,440 per 10 grams in April to Rs.34,600 per 10 grams in August.

Gold price comes off all-time high, falls 2.76% in 2013 so far

Last Updated: Sunday, December 22, 2013, 14:40

As of December 21, the price of 10 grams of gold had fallen Rs 840, or 2.76 percent, from last year's close, while silver had lost Rs 13,630, or 23.57 percent, per kg.