India eases gold import regulations to curb smuggling, remove distortions
Changes are expected to improve jewellers' stocks, lower costs and help contain illegal trade
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
New Delhi
INDIA, the world's second-biggest user of gold, eased import regulations on the metal to remove distortions in shipments and curb smuggling.
Rules requiring importers to sell 20 per cent of their shipments to jewellers for re-export as jewellery were withdrawn effective immediately, the Reserve Bank of India said on Friday.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
