#gold-import
GST exemption for banks, nominated agencies for gold, silver imports may be withdrawn
Gold, silver and precious metal imports have been a concern for the government, as they lead to an outflow of foreign currency and dent India’s forex reserves
GST exemption for banks, nominated agencies for gold, silver imports may be withdrawn
The GST Council may end the IGST exemption on gold, silver and platinum imported by banks and nominated agencies, sources said. The exemption, introduced in 2017 when precious-metal imports were tightly regulated, could be withdrawn as the government seeks to…
India Gold Import Problem May Already Have A Solution At Home
Fuel price hikes may push inflation towards 5%, RBI likely to stay cautious: Economists
Retail inflation may reach 5 percent by June due to fuel price increases and higher gold and silver import duties. Economists believe the Reserve Bank of India will observe the impact of these hikes before considering interest rate changes in the latter half …
India raises gold, silver import tariffs to 15%; revises customs duty on precious metal findings
India has raised effective import tariffs on gold and silver to 15% to curb bullion imports and support the rupee. The Finance Ministry also revised customs duty rates for gold, silver and platinum findings, while setting concessional rates for precious metal…
India raises gold and silver tariffs to 15% to curb imports and support rupee
India has raised gold and silver import duty to 15% to curb imports, protect forex reserves, support the rupee and reduce trade deficit.
India's gold import: How it impacts our economy | An explainer
India's gold imports are at an all-time high, reaching $71.98 billion in 2025-26. This surge is driven by increased prices and trade agreements. High imports pressure India's trade deficit and foreign exchange. The government is reviewing trade policies to cu…
India has no plans to raise gold, silver import duties, govt source says
India has no plans to increase gold and silver import duties, according to a government source.
Centre working to restore gold import tax exemption for banks; shipments resume after IGST glitch: IBJA
The Centre is expected to issue a rectification order within 48-72 hours to restore the tax exemption for gold-importing banks after a notification accidentally withdrew the benefit, IBJA National Secretary Surendra Mehta said.