Government puts gold dore imports under restricted category
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Government puts gold dore imports under restricted category

Government puts gold dore imports under restricted category

2018-12-10


"Import policy of gold dore is restricted," the
directorate general of foreign trade (DGFT)
said in a notification.


NEW DELHI: The government Friday put the imports of gold dore in restricted category. 

"Import policy of gold dore is restricted," the directorate general of foreign trade (DGFT) said in a notification. 

This means, now, an importer needs a license to import this commodity. 

Gold dore is a semi-pure alloy which is refined for further purification. Refined gold bars are manufactured from gold dore bar. 

India, the world's second-biggest gold consumer after China, imports about 900 tonnes of gold a year. 

In value terms, gold imports fell by about 43 per cent to USD 1.68 billion in October.


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