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India plugs loophole that allowed gold duty evasion
Mint Ahmedabad
|June 19, 2025
India has placed gold compounds and 12 other items in the restricted trade category to curb evasion of import duty.
India has placed gold compounds and 12 other items in the restricted trade category to curb evasion of import duty. The Directorate General of Foreign Trade (DGFT) has amended its import policy, moving gold compound (HS code 28433000) from 'free' to 'restricted' list, according to a notification on 18 June. This means importers will now need a licence from the DGFT to bring such compounds into the country.
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