Double counting: $3-4 bn downward revision in gold import figures likely
Financial Express Pune|December 24, 2024
AN UNUSUAL JUMP in gold imports in November (180 tonnes in volume, i.e., three times the average in the first 10 months, $14.3 billion compared with $4.3 billion in the first 10 months) is partly being explained by the double counting of gold—as it enters Special Economic Zones (SEZs) and then again as it exits the SEZs.
RAVI DUTTA MISHRA

This data discrepancy is due to the shift in the e-filing services for gold traders to the Indian Customs Electronic Gateway (ICEGATE) platform from National Securities Depository (NSDL) since July 1, according to sources. The traders had sought this as an ‘ease of doing business’ measure since they faced certain "transaction charges" in the NSDL platform.

هذه القصة مأخوذة من طبعة December 24, 2024 من Financial Express Pune.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 24, 2024 من Financial Express Pune.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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