New Curbs on Gold Import: Restrictions Placed on Certain Forms of Yellow Metal

The government of India has put in place restrictions on the import of specific colloidal precious metals to curb the unlawful entry of gold into India in liquid form, reports said on June 19. It may be noted here that colloidal precious metals refer to mixtures where nanoparticles of gold or silver are suspended in a liquid. In an announcement, the Directorate General of Foreign Trade indicated that the import policy for items classified under CTH 2843 has been changed from free to restricted, with immediate effect.

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