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Classification rules allow platinum alloys with up to 98% gold to be labeled as platinum alloy.
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AI Powered Smart Home Systems ✌️【Return】✌️Small start, big rewards! ₹500 to grow your wealth with minimal risk.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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AI Powered Smart Home Systems ✌️【Return】✌️Invest ₹500 today and get rewarded with up to 100% returns. Start now!The government must address these concerns to ensure data integrity.India’s experience with the CEPA highlights the risks of duty concessions on gold, silver, and platinum in FTAs.
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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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