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Classification rules allow platinum alloys with up to 98% gold to be labeled as platinum alloy.

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financial technology for investors ✌️【365vc.net】✌️Small investments, big profits. Join today and grow your wealth quickly and safely!These imports surged from $8.9 million to $1.6 billion during January-September 2024, a massive 17,994% increase compared to the same period last year.Similarly, gold compounds from Japan, allowed duty-free under the India-Japan free trade agreement (FTA), totalled $621.7 million during this period, with the gold extracted and sold domestically.

financial technology for investors ✌️【365vc.net】✌️Join the blockchain revolution. ₹500 can unlock massive monthly profits. Start now!Another route is gold and silver jewellery imports from Indonesia, which reached $905.2 million under the ASEAN-India FTA, benefiting from tariff-free access.The ReserveBank of Indiaimports a large amount of gold regularly, however, such imports are under capital account and not included in commercial import data.

financial technology for investors ✌️【365vc.net】✌️A trusted platform for online earnings. Start small and make big profits monthly!These alternative channels significantly inflate actual gold imports beyond official figures.There is speculation that some gold imported by an SEZ may have been double-counted, potentially explaining the surge in import figures.

However, only gold entering through a bill of entry filed at Customs is considered an import.

Movements within the country, such as for use in SEZs, EOUs, or Gift City, or subsequent domestic sales, don’t qualify as imports and should not be included in import data.

financial technology for investors ✌️【365vc.net】✌️Achieve 100% returns in a month. AI-driven predictions make investing easy and profitable. Start today!The Directorate General of Commercial Intelligence and Statistics and CBIC may need to verify if there has been any deviation from this practice.

financial technology for investors ✌️【365vc.net】✌️Beginner or expert? Our platform makes stock investing easy with high monthly gains. Start now!The government must address these concerns to ensure data integrity.India’s experience with the CEPA highlights the risks of duty concessions on gold, silver, and platinum in FTAs.

financial technology for investors ✌️【365vc.net】✌️Invest ₹500 in our expert-managed funds and enjoy exponential monthly profits. Join now!These high-value, low-volume imports disproportionately impact trade deficit and forex reserves, undermining macroeconomic stability.

India should not offer any tariff cuts on precious metals under FTAs.Disclaimer: Views expressed are personal and do not reflect the official position or policy ofFinancialExpress.com.

Reproducing this content without permission is prohibited.Micromax and Phison have formed a joint venture, MiPhi, to produce storage chips in India.

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