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GOLD CLASSIFICATION CUSTOMS
When a small footnote is used as a tool to make a weak balance sheet look strongThis is the uncomfortable truth about company accounts. A number on a balance sheet is not always cash that will return, and a liability tu...- Paris Paralympics medalist Avani Lekhara raises issue with Galaxy Z Flip 6 after service center denies help, company says 'issue promplty resolved'Paralympic champion Avani Lekhara faced service issues with her Samsung Galaxy Z Flip 6, gifted to athletes for the Paris 2024 Games. Despi...
- What changes for mutual fund investors from April 1? TER tweak, life cycle funds and folio freeze optionNew financial year brings significant mutual fund reforms. Expect revised GST, introduction of life cycle funds, and discontinuation of chi...
- US targets one-kilo gold bars with new tariffs, pressuring Swiss exporters: ReportThe United States has imposed tariffs on imports of one-kilo and 100-ounce gold bars, disrupting Switzerland’s gold exports and sending a j...
- DGFT notification on precious metal trade ensures consistency between customs duties and import regulations: GTRIThe DGFT has issued a notification aligning import regulations with the Union Budget 2025, targeting precious metals. This aims to eliminat...
- Muthoot Fin, Manappuram will be able to adapt well to RBI's new gold loan guidelines: FitchFitch Ratings suggests the RBI's draft guidelines for gold-backed loans will enhance regulatory clarity and compliance, though increasing o...
- Budget puts a check on illegal gold imports being done using UAE trade deal loopholeThe Union Budget introduced a separate HS code for platinum alloys to address illegal gold imports under the CEPA with UAE. This measure ai...
- Commerce ministry may face possible repeat of 2011 trade data errorIndia's November 2024 gold import figures, showing a record high of $14.86 billion and a quadrupled increase, are under scrutiny by the com...
- RBI move to slow down gold loan growth, lead to uptick in delinquencies: CrisilThe RBI's recent notification urging lenders to revise their gold loan practices may temporarily slow loan growth and increase asset qualit...
- Regulatory changes set to slow gold loan growth: CRISIL reportThe regulatory streamlining by the RBI is expected to curb gold loan growth as lenders must review and align policies to compliance norms. ...
- GTRI suggests duty cuts withdrawal on silver, diamonds, gold jewellery under India-UAE FTAThe Indian government sought changes to the India-UAE free trade agreement, with GTRI recommending the removal of duty cuts on precious met...
- Feasible & prudent to have three GST slabs: CBIC chiefIndia's GST structure is set to move towards three tax rate slabs, according to CBIC chairman Sanjay Kumar Agarwal. The GST Council will fi...
- Customs duty structure review to focus on reducing number of rates: Revenue SecretaryThe government plans to streamline customs duty rates, aiming to reduce them from about a dozen to five, according to Revenue Secretary San...
- India to get a three-tiered GST regime in next few months?India is planning to cut GST slabs from four to three to simplify tax classifications, Sanjay Agarwal, Central Board of Indirect Taxes and ...
- How different forms of gold are taxedWhile buying gold in any of these forms it is important to know how it is taxed at the time of buying and selling. Read on to know the taxe...
- Why GST restructuring is the need of the hourIndia is one of the few countries to have opted for a more intricate structure, featuring four or more tax slabs. GST slabs in India are 0%...
- Muthoot's vehicle finance, personal loan entry plan is taking shape
- 'You can’t compare gold with diamonds'While India cuts 90 per cent of world’s rough diamonds, it accounts for about just 7 per cent of global diamond jewellery sales.
- Finance Ministry detects about Rs 1,000 cr customs, excise duty evasionThe Finance Ministry has detected customs and excise duty evasion of at least Rs 1,000 crore between January and July.
- RBI allows flat repayment of gold loans by RRBsCustomers of gold loans of up to Rs 1 lakh availed from regional rural banks (RRBs) can repay their credit with a one-time payment.
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