Government may ban import of 24-carat jewellery to check smuggling

The government is planning to ban the import of 24-carat gold jewellery, in a bid to reduce gold smuggling, duty evasion, misuse of free trade agreements (FTAs) with foreign countries. The move follows a sharp decline of about 18% in the export of gems and jewellery (April-October), which contributed 15% of the total exports.....Read More