Govt raises import tariffs on gold, silver to curb surge in shipments
Financial Express Mumbai|January 24, 2024
THE FINANCE MINISTRY has raised import duties on gold to 15% from 10%. The higher tariffs, which took effect on Monday, are aimed at curbing the surge in imports of the yellow metal.
PRIYANSH VERMA

Gold imports spiked 95% to $7.2 billion in October, causing the merchandise trade deficit to rise to an alltime high monthly figure of $31.46 billion. Though imports of the metal moderated in November, there was again a 156% increase to $3.03 billion in December on a low base.

In July last year, India had banned imports of certain gold jewellery in the wake of a sudden rise in dutyfree imports of these items from Indonesia, under the India-Asean free trade pact. The latest set of measures also includes a similar hike in import duties on silver findings and coins of precious metals.

この記事は Financial Express Mumbai の January 24, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Financial Express Mumbai の January 24, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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