Cut in gold import duty will curb smuggling, boost jewellery exports: Goyal

Quick Summary:

The announcement in the Budget to cut import duty on gold will help boost domestic manufacturing and promote jewellery exports, Commerce and Industry Minister Piyush Goyal said on Tuesday.

"The gold import duty cut to 6 per cent will promote the manufacturing of gold and silver jewellery.

He added that the gold prices are high and the marriage season is coming and this move would help the people.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Piyush Goyal Import duty Budget 2024 Gold Union Budget

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 18:05:52 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21751479

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