08 Oct 2022
DiamondWorld Directory
-
Home |
News
Home
Gold imports not a cause of worry, says Commerce ministry
Gold imports in December and January have been low
By: Diamond World News Service
|
Jan 8 2015 5:34PM
|
Reference: 11030  

DecreaseIncrease
Gold imports in December and January have been low and not caused the Government any worry, Commerce Secretary Rajeev Kher has said, says a report.

The report further says that in the month of December, gold imports stood at 39 tons while in Janaury so far the imports have been 7 tons. In November 2014, gold imports had increased to 152 tons, which was reportedly due to the festive season.

The 80:20 scheme was withdrawn in November 2014. The scheme was introduced by the UPA Government in July 2013 to curb gold imports and keep a tab on the widening current account deficit, adds a report.

This apart, discussion was held over a range of issues, including disciplines around import and export, financing of raw materials, mining of gold and fashion jewellery etc, adds a report.

Meanwhile, the GJEPC has also asked the Centre to rationalise the duty drawback scheme, which, at present, refunds lower input duties on domestic gold used by exporters than what they actually pay, adds a report.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 31560
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 8945
GJEPC Chairman Interview
Views: 27713
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 38741
Promo for IJ Awards 2012 at NDTV Profit
Views: 56538
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 68007
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21539
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 50483
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 52352
Advertisement
DW News App
Member of:
Supporter of: