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Govt may hike import duty on gold in Budget

By PTI Jan 13 2013 , New Delhi

Tags: Gold, Import Duty, Economy

A hike in the import duty on gold to curb its imports and tax

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sops to encourage people to replace idle gold with financial instruments may be in the offing.

The Finance Ministry is said to be considering these moves which may find a mention in the Budget.

"In the last two months gold imports have risen. It is a cause of concern. Steps are needed...something will be announced in Budget...

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