India Tightens Gold Import Regulations to Strengthen Trade Oversight
The Directorate General of Foreign Trade (DGFT) in New Delhi implemented stringent new regulations on May 14 to monitor duty-free gold imports under the Advance Authorisation (AA) scheme. The government has capped imports at 100 kilograms per authorization and introduced mandatory compliance hurdles to curb rising gold imports and alleviate pressure on India’s national trade…