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The news sent gold futures higher by a percent.
The duties will be reviewed if there is a moderation in gold imports, Economic Affairs Secretary Arvind Mayaram told reporters.
Government hikes import tax on gold by 50 per cent
Jan 21 2013 , New Delhi
The government on Monday hiked import duty on gold to 6 per cent from
4 per cent effective immediately, a finance ministry official said on Monday, in a bid to cut down ballooning current account deficit.
The news sent gold futures higher by a percent.
The duties will be reviewed if there is a moderation in gold imports, Economic Affairs Secretary Arvind Mayaram told reporters.
The news sent gold futures higher by a percent.
The duties will be reviewed if there is a moderation in gold imports, Economic Affairs Secretary Arvind Mayaram told reporters.
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