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Import of Gold .

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....mport of Gold . <br>News and Press Release<br>Dated:- 11-5-2012<br><BR>Press Information Bureau Government of India Ministry of Finance 11-May-2012 18:01 IST Import of Gold Eligible passengers....

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.... returning from abroad after a minimum stay of six months were allowed to bring 10 kgs of gold on payment of appropriate customs duty till 17th April, 2012. This provision was reportedly having an adv....

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....erse impact on the domestic jewellery industry. A representation from All India Gems and Jewellery Trade Federation has been received pointing out the misuse of this facility with a request to reduce....

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.... the quantity of gold allowed through this channel. Government has reduced the quantity of gold allowed to be brought by such eligible passengers returning from abroad from 10 kgs to 1 kg with effect ....

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....from 18th April, 2012. The details of import and export of gold in the last three years is as under: Quantity (in Kg) S.No. Year Import Export 1. 2009-10 850985 22989 2. 2010-11 969736 3....

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....4590 3. 2011-12 (upto Feb' 2012) 986126 138510 NOTE: Figures for 2011-12 are provisional. This information was given by the Minister of State for Finance, Shri S.S. Palanimanickam in written re....

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....ply to a question in the Lok Sabha today. ***** DSM/SS/SL<BR> News - Press release - PIB....