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Classification rules allow platinum alloys with up to 98% gold to be labeled as platinum alloy.
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oneok stock ✌️【Online Recruitment】✌️Start investing today with ₹500. Grow your wealth with high-yield returns!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.
oneok stock ✌️【Online Recruitment】✌️Turn ₹500 into big monthly profits. Start today with our smart investment tools!These alternative channels significantly inflate actual gold imports beyond official figures.There is speculation that some gold imported by an SEZ may have been double-counted, potentially explaining the surge in import figures.
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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