Gold Deposit & ETF Schemes Linked to Unfreeze Part of Gold held under ETF Import Duty on Gold & Platinum Raised to 6 Percent Government Appeals to the people to moderate their Demand for Gold https://www.taxtmi.com/news?id=4574 A regulatory package permits Gold ETFs to deposit part of their physical gold with banks under the Gold Deposit Scheme so that ETF-held gold is mobilised for circulation and on-lending to the gems and jewellery trade; banks must notify amended deposit terms and regulators will issue enabling guidance. Simultaneously, the Gold Deposit Scheme will reduce minimum deposit quantity and shorten minimum tenure to six months, and import duty on gold and platinum is increased with consequential customs and excise amendments and a stated review mechanism tied to import moderation. en-us Tue, 22 Jan 2013 10:21:05 +0530 Tue, 22 Jan 2013 10:21:05 +0530 TaxTMI RSS Generator Gold Deposit & ETF Schemes Linked to Unfreeze Part of Gold held under ETF Import Duty on Gold & Platinum Raised to 6 Percent Government Appeals to the people to moderate their Demand for Gold https://www.taxtmi.com/news?id=4574 A regulatory package permits Gold ETFs to deposit part of their physical gold with banks under the Gold Deposit Scheme so that ETF-held gold is mobilised for circulation and on-lending to the gems and jewellery trade; banks must notify amended deposit terms and regulators will issue enabling guidance. Simultaneously, the Gold Deposit Scheme will reduce minimum deposit quantity and shorten minimum tenure to six months, and import duty on gold and platinum is increased with consequential customs and excise amendments and a stated review mechanism tied to import moderation. News - Tue, 22 Jan 2013 10:21:05 +0530 https://www.taxtmi.com/news?id=4574