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DORE BARS
India's gold tariff hike fuels smuggling revival, squeezes banks and refinersIndia's decision to raise gold import duties to 15% is triggering a fresh surge in smuggling, as illegal operators exploit a widening price...- What's brewing? FinMin seeks gold lending info from banksIn a communique to banks on Friday evening, the Department of Financial Services sought data on value and quantity of gold metal loans (GML...
- Govt announces hike in basic customs duty on silver to 10 pc to check importsThe government on Wednesday announced increasing the basic customs duty on silver, both in dore and semi-manufactured form, to 10 per cent ...
- Centre raises import duties on silver in Budget 2023"I also propose to increase the import duty on silver dore, bars and articles to align them with that on gold and platinum," Finance Minist...
- Gold refiners go more than a month without bullion salesRefiners, who import impure or dore bars for refining, alleged that there has been a significant rise in smuggled gold in the Indian market...
- GJEPC welcomes govt move to exempt AIDC on gold, silver for exporters; says to boost exportsThe Gem and Jewellery Export Promotion Council (GJEPC) on Thursday welcomed the government's move to exempt the Agriculture Infrastructure ...
- Covid-19 Impact: Half of the gold refineries in the country closes downThese refineries are located in Uttarakhand, Ahmedabad and Delhi. Earlier, nearly 20 tonnes of dore gold was coming to India from these cou...
- Government puts gold dore imports under restricted categoryIndia, the world's second-biggest gold consumer after China, imports about 900 tonnes of gold a year.
- BIS to come out with good delivery bullion standard for gold barsIndia on average imports 700-800 tonnes of gold each year. A large part is in the form of London Bullion Market Association certified bulli...
- Ban on exports of jewellery and articles above 22 carat will check round tripping: K SrinivasanOn Monday, the commerce ministry issued a notification extending the ban of coins, medallions and jewellery above 22 carat from Special Eco...
- Trade associations pitch for export of Indian gold barsBars made from imported dore, or raw gold, by Indian refiners be allowed for export at international spot rate, IBJA suggests.
- From June, only BIS accredited refiners can import raw goldIndia on average imports 750-800 tonnes of gold. This includes refined bars and dore gold.
- Assocham urges Centre to raise countervailing duty on gold dore to 9%“There is ample opportunity to grow refining capacity further across the nation, which will only add to ‘Make in India,’ and simultaneously...
- Gold refiners ‘threatened’ by hike in excise on doreHowever, excise on gold bars made from dore (in excise paying areas) was raised by half a percentage point to 9.5% –– adversely affecting M...
- STC plans to foray into e-commerce space in 6 months: CMD Khalil RahimState Trading Corporation plans to get into the e-commerce space in the next six months, the top company official said today.
- Gold dore imports on 8% duty hit bar inflows from DubaiImport of gold bars from Dubai to India, that attracts a 10 per cent import duty, may take a hit as refiners are importing more of gold dor...
- Semi-purified gold bars may find a passage to IndiaRefining of impure gold may spawn a new line of business; jewellers may also look at setting up refineries to ensure a steady supply of the...
- Gold refiners gain on lower duty for semi-pure barsGold refiners have a new lease of life after higher duty on refined ready-to-use bars and lower duty on dore bars make refining profitable.
- Budget 2012: Higher customs duty worries gold refinersGold dore is a bar of semi-purified gold. After being mined, the first stage in the purification of gold ore produces a cast bar (gold dore...
- Govt waives basic customs duty and special additional duty on semi-purified gold barsThe operating capacity of domestic gold refineries may go up as the government has waived basic customs duty and special additional duty fo...
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