Gold import disruptions feared under new Indian indirect tax regime

June 19, 2017

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Indian bullion traders and jewellers have expressed concern that the reformed Goods and Service Tax (GST), which will be introduced on July 1, could impact on gold imports.
Several gold market participants have said that most designated gold importers, including nominated commercial banks and government authorised agencies, will either stop, or significantly slow down concluding import transactions in the new GST regime.

Category: General