Gold Import Import Tax
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Government Considering Amnesty For Those With Unaccounted Gold: Report
The Finance Ministry is considering an amnesty program for residents with illicit stash of gold, as part of an effort to crack down on tax evasion and cut its dependence on imports, according to people with knowledge of the matter.
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Gold Tax Hike Fuels Smuggling Fears; May Hit Festival, Wedding Season
India, the world's biggest consumer of gold after China, increased the import tax on the precious metal for the first time since 2013, spurring domestic prices to a record. Shares of jewelers slumped.
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PNB Fraud Accused Mehul Choksi Was In Tax Department's Probe Since 2012
One of the absconders in the Punjab National Bank (PNB) fraud, Mehul Choksi, was under the scanner of the Mumbai Income Tax Department (Investigation) in 2012 for alleged duty violations while importing huge quantities of gold and diamond items.
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Gold Demand Wanes As Jewellers Expect Import Tax Cut In Budget
The lower import tax could boost the country's gold demand and support global prices that are currently trading near their highest in 17 months.
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Import Duty On Gold May Be Cut In Forthcoming Budget, Says Report
India is the world's second biggest gold consumer after China. The import mainly takes care of the demand of the jewellery industry.
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Black Gold: Tax Hike Under GST Could Boost Illegal Jewellery Sales
The Goods and Services Tax (GST) on gold has jumped to 3 percent from 1.2 percent previously, with traders and buyers saying the move will likely force more transactions into the black market.
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Trump Pledges 'Consequences' For US Firms Moving Offshore
President-elect Donald Trump on Thursday warned that the government would punish companies seeking to move operations overseas with "consequences," setting the stage for an unusual level of intervention by the White House into private enterprise.
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Government Considering Amnesty For Those With Unaccounted Gold: Report
The Finance Ministry is considering an amnesty program for residents with illicit stash of gold, as part of an effort to crack down on tax evasion and cut its dependence on imports, according to people with knowledge of the matter.
-
Gold Tax Hike Fuels Smuggling Fears; May Hit Festival, Wedding Season
India, the world's biggest consumer of gold after China, increased the import tax on the precious metal for the first time since 2013, spurring domestic prices to a record. Shares of jewelers slumped.
-
PNB Fraud Accused Mehul Choksi Was In Tax Department's Probe Since 2012
One of the absconders in the Punjab National Bank (PNB) fraud, Mehul Choksi, was under the scanner of the Mumbai Income Tax Department (Investigation) in 2012 for alleged duty violations while importing huge quantities of gold and diamond items.
-
Gold Demand Wanes As Jewellers Expect Import Tax Cut In Budget
The lower import tax could boost the country's gold demand and support global prices that are currently trading near their highest in 17 months.
-
Import Duty On Gold May Be Cut In Forthcoming Budget, Says Report
India is the world's second biggest gold consumer after China. The import mainly takes care of the demand of the jewellery industry.
-
Black Gold: Tax Hike Under GST Could Boost Illegal Jewellery Sales
The Goods and Services Tax (GST) on gold has jumped to 3 percent from 1.2 percent previously, with traders and buyers saying the move will likely force more transactions into the black market.
-
Trump Pledges 'Consequences' For US Firms Moving Offshore
President-elect Donald Trump on Thursday warned that the government would punish companies seeking to move operations overseas with "consequences," setting the stage for an unusual level of intervention by the White House into private enterprise.
