#silver-imports
GST exemption for banks, nominated agencies for gold, silver imports may be withdrawn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GST exemption for banks, nominated agencies for gold, silver imports may be withdrawn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 The exemption, introduced in 2017 when precious-metal imports were tightly regulated, could be withdrawn as the government seeks to…
No plan to raise duties on gold, silver imports: Indian Govt official
India will not raise import duties on gold and silver despite concerns over rising import bills and foreign exchange reserves.
Standstill in India gold imports drags on, threatens supply
Indian banks face an unprecedented five-week halt in gold and silver imports, causing domestic prices to surge and threatening shortages. Administrative hurdles and tax uncertainties have stalled shipments since April 1, impacting jewelers restocking after Ak…