IBJA Raises Alarm Over Silver Imports At 9% Duty, Alleges Loss To Exchequer

The Indian Bullion and Jewellers Association (IBJA) has raised an alarm against the import of silver at just 9 percent duty against the applicable 15 percent tax rate. In a letter dated July 17 to Revenue Secretary Sanjay Malhotra, IBJA revealed that a leading bank had imported silver this year at less than the applicable […]

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National News

India Imposes Restrictions On Gold Imports

The central government has amended the gold import policy and imposed restrictions on certain jewellery and articles. Through a notification on Wednesday, the Directorate General of Foreign Trade (DGFT) amended the import policy for unstudded jewellery, and other articles made of gold to the “restricted” category from earlier “free”. Putting a commodity in the “restricted” […]

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Government International News Trade

India-UAE Trade Ties Flourish After CEPA: UAE Minister

The Minister of State for Foreign Trade of UAE, Thani Al Zeyoudi on Monday said that the trade ties between New Delhi and Abu Dhabi have proliferated following the Comprehensive Economic Partnership Agreement (CEPA). “Trade ties with India have grown very rapidly following CEPA. There are several areas where we are looking to provide a […]

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Government International Logistics News

Year After Signing Economic Agreement With UAE, India Likely To Touch All-time High Exports This Year

A year after signing Comprehensive Economic Partnership Agreement (CEPA) with United Arab Emirates (UAE), India is likely to touch an all-time high in exports this year, Dr Srikar K Reddy, Joint Secretary, Ministry of Commerce said on Thursday. Reddy said that the historical India-UAE CEPA is yielding results. “India-UAE CEPA has seen a significant positive […]

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