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It looks like households are buying gold againThe deficit in official imports might have been made up by smuggled gold to avoid the 10 per cent customs duty on bullion levied three year...- Differential GST rates will hurt gold monetisation: IBJABullion attracts import duty of 10% and most of the 29 states levy VAT at the rate of 1%, including cesses, stamp duty , etc works out to 1...
- CBEC removes special warehouse need for nominated agencies importing gold for exportThis means RBI-authorised banks, agencies like MMTC, STC, etc, can import the quantity required by the exporters and not be bound by wareho...
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