gold import duty

India to cut gold import duty

India plans to cut gold import duty to arrest smuggling

India plans to slash the import duty on gold because higher taxes have made it more profitable for smugglers, who can offer hefty discounts and denting the market share of banks and refiners, government and industry officials told Reuters.

January 23, 2023
January 23, 2023
India to cut gold import duty

India plans to cut gold import duty to arrest smuggling

India plans to slash the import duty on gold because higher taxes have made it more profitable for smugglers, who can offer hefty discounts and denting the market share of banks and refiners, government and industry officials told Reuters.

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