India caps duty-free gold imports at 100 kg per advance authorisation, squeezing jewellers
The government has restricted gold imports under the advance authorisation scheme to 100 kg per licence to curb misuse of duty-free routes. The move tightens sourcing for jewellery exporters and could lift input costs for retailers like Tanishq, Kalyan and Malabar Gold dependent on bulk duty-free gold.
Government caps gold imports under advance authorisation scheme at 100 kg per authorisation to curb misuse of duty-free imports, with potential cost and sourcing implications for India's jewellery retailers.
Also reported by
- Moneycontrol — Same time
- Moneycontrol — Same time