Jan 21, 2013, 09.10 PM IST
Government is contemplating removing gold jewellery from the list of items allowed to be imported under the India-Thailand free trade pact as several traders are misusing provisions to bring the precious metal from the South East Asain nation.
He was replying to a query on whether the Finance Ministry is pitching for removal of gold jewellery from the India-Thailand free trade agreement (FTA).
Also read: Govt hikes import duty on gold, platinum to 6%
India is a big consumer of gold and traditionally the demand for gold is met through imports. In April-December 2012 the gold imports stood at USD 38 billion, as against USD 56.5 billion in the full 2011-12 fiscal.
Video of the day
Dec 6 2013, 15:02
- in MARKET OUTLOOK
Dec 4 2013, 11:08
- in FII View
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.