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First big trade data review since 2011 likely
Financial Express Kolkata|December 20, 2024
IT COULD BE a throwback to 2011 for the commerce ministry as it is having a re-look at gold import data for November.
- FE BUREAU

During the month, gold imports surged 331% on year to $14.8 billion, the highest ever, giving rise to doubts whether the numbers have been overstated.

In April-November 2011, due to problems in the recently upgraded software, the exports were overstated by $9 billion. The numbers were revised a month later.

Overall gold imports have been high this financial year after the Budget in July that cut import duties to 6% from 15%. Imports crossed $10 billion in August this year. In November there has been no such trigger nor a festive or wedding season.

Denne historien er fra December 20, 2024-utgaven av Financial Express Kolkata.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

First big trade data review since 2011 likely
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Denne historien er fra December 20, 2024-utgaven av Financial Express Kolkata.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

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