UAE raises gold import duty issue with India

Last Updated: Monday, August 17, 2015, 22:50

The UAE Monday raised the issue of India's high gold import duty affecting its exports to the country even as the two nations agreed on a wide range of steps to boost their economic ties.

Smuggled gold seizures jump as duty stays high

Last Updated: Wednesday, March 18, 2015, 19:37

Trade Minister Nirmala Sitharaman told lawmakers on Wednesday the number of gold seizures in first 10 months of the 2014/15 fiscal year to the end of January had jumped to 3,412 from 2,450 for the whole of the previous year.

Commerce Ministry seeks cut in gold import duty

Last Updated: Thursday, February 26, 2015, 12:27

With a decline in gold imports, Commerce Ministry has sought reduction in import duty on gold, a step that could boost exports and manufacturing of gems and jewellery.

'Govt may consider import duty cut on gold in Budget'

Last Updated: Thursday, February 5, 2015, 19:10

With decline in gold imports, the government may consider 2-4 percent reduction in import duty on it in the forthcoming Budget, a move that could help boost exports and manufacturing of gems and jewellery, sources said.

Gold discounts widest in 17 months, jewellers anticipate duty cut

Last Updated: Wednesday, January 21, 2015, 18:17

Indian gold importers are offering a discount of up to $16 an ounce versus London prices, the widest in 17 months, as jewellers curtail purchases ahead of a possible cut in the import duty.

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.

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.