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Time of India
an hour ago
- Business
- Time of India
Liquid gold: Govt restricts import of precious metal
NEW DELHI: Govt has imposed import curbs on certain colloidal precious metals, with an aim to check the illegal inflow of gold into India in liquid form. Colloidal precious metals are suspensions of gold or silver nanoparticles dispersed in liquid. This was necessitated to regulate import of gold in the garb of chemical compounds, an official said. According to industry experts, some importers were using this route for imports from countries such as Thailand. "The import policy of items covered under CTH 2843 is revised from free to restricted with immediate effect," the directorate general of foreign trade said in a notification. Goods under this number include colloidal precious metals; inorganic or organic compounds of precious metals. The official said that imports will be allowed for industrial and manufacturing sectors, including electronics, electrical and specialised chemical industry against an import authorisation, thereby addressing the need of the domestic industry without disruption for actual use. In a separate notification, the Directorate said that the import of palladium, rhodium and iridium alloy consisting of gold more than 1% by weight is restricted. This measure expands upon the existing restriction on the import of platinum to bring uniformity in the import policy governing precious metals and their alloys. agencies Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
8 hours ago
- Business
- Economic Times
Govt imposes import curbs on certain colloidal precious metals
The government has tightened import rules on specific colloidal precious metals. This move aims to curb the illegal entry of gold into India in liquid form. The Directorate General of Foreign Trade issued a notification revising the import policy. Palladium, Rhodium and Iridium alloy consisting of gold import is also restricted. Gold imports saw a slight dip in April-May. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The government has imposed import curbs on certain colloidal precious metals , with an aim to check the illegal inflow of gold into India in liquid precious metals are suspensions of gold or silver nanoparticles dispersed in a to industry experts, some importers were using this route for imports from countries like Thailand "The import policy of items covered under CTH 2843 is revised from free to restricted with immediate effect," the directorate general of foreign trade said in a under this number include colloidal precious metals; inorganic or organic compounds of precious a separate notification, the Directorate said that the import of Palladium, Rhodium and Iridium alloy consisting of gold more than one per cent by weight is imports in April-May this fiscal year dipped by 3.82 per cent to USD 5.64 billion.
Economic Times
9 hours ago
- Business
- Economic Times
New curbs on gold import: Restrictions placed on certain forms of yellow metal
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The government has put in place restrictions on the import of specific colloidal precious metals to curb the unlawful entry of gold into India in liquid form, reports said on June may be noted here that colloidal precious metals refer to mixtures where nanoparticles of gold or silver are suspended in a an announcement, the Directorate General of Foreign Trade indicated that the import policy for items classified under CTH 2843 has been changed from free to restricted, effective to specialists and industry insiders, certain importers were exploiting this method to bring in goods from nations such as classification includes colloidal precious metals as well as both inorganic and organic compounds of precious another announcement, the Directorate specified that the importation of alloys containing Palladium, Rhodium, and Iridium which contain more than one percent gold by weight is now the months of April and May this fiscal year, gold imports saw a decline of 3.82 per cent, totaling $5.64 billion.
Time of India
11 hours ago
- Business
- Time of India
New curbs on gold import: Restrictions placed on certain forms of yellow metal
The government has put in place restrictions on the import of specific colloidal precious metals to curb the unlawful entry of gold into India in liquid form, reports said on June 19. It may be noted here that colloidal precious metals refer to mixtures where nanoparticles of gold or silver are suspended in a liquid. In an announcement, the Directorate General of Foreign Trade indicated that the import policy for items classified under CTH 2843 has been changed from free to restricted, effective immediately. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Invertir $250 en Cervecería Nacional CFD podría devolverte un segundo salario Mercados de Capital According to specialists and industry insiders, certain importers were exploiting this method to bring in goods from nations such as Thailand. This classification includes colloidal precious metals as well as both inorganic and organic compounds of precious metals. Live Events In another announcement, the Directorate specified that the importation of alloys containing Palladium, Rhodium, and Iridium which contain more than one percent gold by weight is now restricted. During the months of April and May this fiscal year, gold imports saw a decline of 3.82 per cent, totaling $5.64 billion.
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Business Standard
16 hours ago
- Business
- Business Standard
Govt restricts import of liquid precious metals to curb gold misuse
The government has imposed import curbs on certain colloidal precious metals, with an aim to check the illegal inflow of gold into India in liquid form. Colloidal precious metals are suspensions of gold or silver nanoparticles dispersed in a liquid. According to industry experts, some importers were using this route for imports from countries like Thailand. "The import policy of items covered under CTH 2843 is revised from free to restricted with immediate effect," the directorate general of foreign trade said in a notification. Goods under this number include colloidal precious metals; inorganic or organic compounds of precious metals. In a separate notification, the Directorate said that the import of Palladium, Rhodium and Iridium alloy consisting of gold more than one per cent by weight is restricted. Gold imports in April-May this fiscal year dipped by 3.82 per cent to USD 5.64 billion. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
