https://www.taxtmi.com/news?id=19722 The clarification explains that the 20:80 scheme required a portion of imported gold to meet export obligations to conserve foreign exchange and restrict domestic supply. Expansion in May 2014 to include Premier and Star Trading Houses created a de facto preferential position, increasing imports and allowing private traders disproportionate gains. The subsequent government review concluded the extension was unfair, abolished the scheme, observed reduced import volumes thereafter, and announced it would examine the circumstances of the earlier extension for possible action. en-us Mon, 12 Mar 2018 18:21:17 +0530 Mon, 12 Mar 2018 18:21:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19722 The clarification explains that the 20:80 scheme required a portion of imported gold to meet export obligations to conserve foreign exchange and restrict domestic supply. Expansion in May 2014 to include Premier and Star Trading Houses created a de facto preferential position, increasing imports and allowing private traders disproportionate gains. The subsequent government review concluded the extension was unfair, abolished the scheme, observed reduced import volumes thereafter, and announced it would examine the circumstances of the earlier extension for possible action. News - Mon, 12 Mar 2018 18:21:17 +0530 https://www.taxtmi.com/news?id=19722