India may cut gold import tax – Bloomberg ...News

Russia Today - News

Customs duty was raised earlier this year to support the rupee New Delhi is considering reversing its recently hiked import tax on gold to stop illegal inflows of the metal, Bloomberg reported on Monday citing sources. According to the report, the trade ministry is considering cutting the current 12.5% levy to 10%. The step could be announced at the budget presentation due early next year, or sooner, the sources said. India hiked the tariff on gold imports from the previous 7.5% in July. The measure was aimed to reduce inflows of the metal to stabilize the Indian currency. The rupee suffered a record drop at the t

Hence then, the article about india may cut gold import tax bloomberg was published today ( Wednesday 07/12/2022 - 09:16 AM ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( India may cut gold import tax – Bloomberg )

Last updated : 07 Dec 2022 clock 09:16 AM

Also on site :

India may cut gold import tax – Bloomberg ...News

India and UAE seek to strengthen defense ties

How brand thinking helps luxury hospitality scale

Syrian govt says 120 Islamic State detainees escaped prison

Emmerdale flashbacks reveal how Graham Foster was able to return from the dead in ITVX release

SA20 2025-26: List of teams qualified for Playoffs

Help! I Wanted to Extend a Simple Thank You to a Neighbor. But They Took Advantage of My Generosity.

The North Carolina GOP and its fear of voters

Opinion: California families face deadly health care cuts. Billionaires can afford to pitch in.

'The Young & the Restless' Weekly Spoilers: Victoria Hits Cane Where It Hurts

The Overlooked Deaths of the Attack on Venezuela

Starmer approves China ‘super-embassy’ in London despite major security fears and warnings from allies

Lily Allen Appears To Respond to Brooklyn Beckham Shock Family Feud Post

Bank of England must ‘be very alert’ to Trump tensions, says governor

Trump u-turns on U.K.-Chagos Islands deal, links it to bid for Greenland

Hochul’s $260 billion budget proposal includes no new taxes, increased spending on kids