Govt imposes import curbs on gold, silver jewellery to check misuse of FTAs
The Indian government has imposed immediate restrictions on the import of gold, silver, and platinum jewellery to curb misuse of free trade agreements, requiring importers to obtain licenses from the DGFT. Exemptions include imports by export-oriented units, SEZs, and schemes for gem and jewellery exports, with concerns raised over potential complications for genuine importers. The move targets curbing illicit imports exploited through duty differentials and FTA loopholes.
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