Government imposes curbs on import of silver, moves it to ‘restricted’ category
The move followed its Wednesday decision to hike the import duty on precious metals such as gold and silver from 6% to 15% to curb imports and save foreign exchange for essentials like energy and fertilisers. "The Import Policy of items covered under ITC HS Code 71069221 and 71069229 are revised from 'Free' to 'Restricted'… with immediate effect," a notification…
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