https://www.taxtmi.com/news?id=72778 Import duty on gold has been more than doubled to 15 per cent from 6 per cent to discourage non-essential imports, conserve foreign exchange for essential imports such as crude oil and fertiliser, and support the rupee. The increase is intended to curb domestic consumption of gold in the context of a high import bill and elevated international prices. Higher duty has historically reduced import volumes, though the overall import bill may remain elevated because of global price conditions. en-us Wed, 13 May 2026 17:16:03 +0530 Wed, 13 May 2026 17:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72778 Import duty on gold has been more than doubled to 15 per cent from 6 per cent to discourage non-essential imports, conserve foreign exchange for essential imports such as crude oil and fertiliser, and support the rupee. The increase is intended to curb domestic consumption of gold in the context of a high import bill and elevated international prices. Higher duty has historically reduced import volumes, though the overall import bill may remain elevated because of global price conditions. News - Wed, 13 May 2026 17:16:03 +0530 https://www.taxtmi.com/news?id=72778