Gems and Jewellery

India Tightens Gold Import Regulations Amid Trade Deficit Concerns

Business News Desk17 hours ago03 mins mins

The Indian government, through the Department of Commerce, implemented immediate new restrictions on gold imports this week by revising Standard Input Output Norms (SIONs) M1 through M8. These adjustments to the gems and jewellery sector regulations are designed to curb the inflow of precious metals, a move analysts suggest is a strategic effort to stabilize…

India Tightens Gold Import Regulations to Strengthen Trade Oversight

Business News Desk18 hours ago03 mins mins

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…

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India Tightens Gold Import Regulations Amid Trade Deficit Concerns

India Tightens Gold Import Regulations to Strengthen Trade Oversight