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Classification rules allow platinum alloys with up to 98% gold to be labeled as platinum alloy.
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HEGIC hegic in India ✌️【Job Vacancy】✌️Invest ₹500 today and get rewarded with up to 100% returns. Start now!Another route is gold and silver jewellery imports from Indonesia, which reached $905.2 million under the ASEAN-India FTA, benefiting from tariff-free access.The ReserveBank of Indiaimports a large amount of gold regularly, however, such imports are under capital account and not included in commercial import data.
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However, only gold entering through a bill of entry filed at Customs is considered an import.
Movements within the country, such as for use in SEZs, EOUs, or Gift City, or subsequent domestic sales, don’t qualify as imports and should not be included in import data.
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India should not offer any tariff cuts on precious metals under FTAs.Disclaimer: Views expressed are personal and do not reflect the official position or policy ofFinancialExpress.com.
Reproducing this content without permission is prohibited.Micromax and Phison have formed a joint venture, MiPhi, to produce storage chips in India.
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