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Post By : IJ News Service On 26 November 2015 12:09 PM
India has told Thailand that it will impose six-10 per cent duty on gold jewellery imports in the proposed free trade agreement (FTA), according commerce ministry sources. The move is aimed at curbing a spurt in gold jewellery imports in recent times, which may rise further as the government raises Customs duty on gold imports.%% However, the commerce ministry has ruled out a total ban on gold imports from Thailand. “Negotiations for the FTA are still going on. We have taken up the issue with Thailand. We believe duties on gold have to be consistent with our domestic policy. But, we are definitely not going to impose a ban on its import. The response from Thailand is awaited,” said a commerce ministry official.

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