Trade of Gold above 22 carat to be denied

by Business | 16-08-2017 | 873 views

New Delhi: The Directorate General of Foreign Trade (DGFT) has amended to allow export of gold jewellery (plain or studded) and articles containing gold of 8 carats and above up to a maximum limit of 22 carats only from domestic tariff area and export-oriented units, electronics hardware technology parks, software technology parks and bio technology parks. This means that export of gold jewellery, medallions and other articles of the precious metal above 22 carat purity is not permitted by any exporter, including from these parks, which are meant for sector-specific shipments.

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