Gold Import

Banks to pay 3% IGST on gold imports: CBEC

Banks to pay 3% IGST on gold imports: CBEC

Import of gold attracts a 10 per cent basic customs duty. On top of that a 12.5 per cent countervailing duty (CVD) was levied prior to GST.

Aug 21, 2017, 16:02 PM IST

Gold imports in 2016 decreased to lowest level after 2003

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Jan 04, 2017, 00:37 AM IST
Gold import plunges 52.5% to $4.97 bn in April-July

Gold import plunges 52.5% to $4.97 bn in April-July

Gold imports more than halved to USD 4.97 billion in the first four months of the current fiscal, which is expected to keep a lid on the current account deficit.

Aug 15, 2016, 10:50 AM IST
Gold imports slide 51% to $2.7 billion in April-May

Gold imports slide 51% to $2.7 billion in April-May

Gold imports fell by about 51 percent to USD 2.7 billion in April-May this fiscal, which is expected to keep a lid on the current account deficit.

Jul 03, 2016, 12:27 PM IST