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Policy● Neutral for Indian equities
Silver import curbs temporary, no gold import quota under consideration, say govt sources
The brief
- Government sources say silver import curbs are temporary and no gold import quota is under consideration
- The government is addressing 9% duty arbitrage in the precious metals market
- Import curbs and duty changes may affect Indian precious-metals traders and jewellery companies
- Import duty cut on sunflower oil has a significant Russian backdrop
- CBIC eases paperwork to claim concessional duty on imports from UK
- India cuts edible-oil import duties ahead of festivals
- SEA terms edible oil duty reduction a timely, balanced intervention
- Centre cuts import duty on edible oils ahead of festivals