India restricts platinum alloy imports, except 99% pure
India has moved platinum alloy imports, except for 99% pure platinum alloys, to the restricted category, as announced in a government notification on Wednesday. This decision was made after some importers were disguising gold imports as platinum t...
By Reuters | Updated:
Reuters
India moved platinum alloy imports to the restricted category from the previously free category, except for 99% pure platinum alloy imports, the government said in a notification on Wednesday.
The decision to restrict platinum imports by the world's second largest gold consumer comes as some importers were masking gold imports as platinum to avoid higher import duties.
The decision to restrict platinum imports by the world's second largest gold consumer comes as some importers were masking gold imports as platinum to avoid higher import duties.
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