INDIAN JEWELLER

Indian Government Raises Customs Duty on Gold-Alloy Imports to Close Loophole

  • Retail News - 02 August 2024 12:04 PM

The Indian Government has increased the customs duty on imports of gold alloys under the Comprehensive Economic Partnership Agreement (CEPA) with the UAE, aiming to close a loophole exploited by bullion dealers that led to significant market distortions and revenue loss

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