India Imposes Stricter Caps on Duty-Free Gold Imports to Stabilize Currency
New Regulatory Framework for Precious Metals The Indian government, responding to mounting pressure on the rupee and a widening trade deficit, implemented a strict 100-kilogram cap on duty-free gold imports per license this May. This policy shift, announced by the Ministry of Finance, targets entities utilizing the Advance Authorisation scheme to curb excessive bullion inflows…