The Centre exempted gold imported by the Reserve Bank of India from import duty and Agriculture Infrastructure Development Cess. India, the second-biggest consumer of gold, depends on imports. Cumulative gold imports reached $37.85 billion from April-January in FY24, with imports in January alone standing at $1.9 billion.
The Global Trade Research Initiative (GTRI) has advised that the Central Board of Indirect Taxes and Customs (CBIC) must use the services of communication experts for help in drafting easy-to-understand notifications, , global trade research initiative (GTRI), Central Board of Indirect Taxes and Customs (CBIC)
The Global Trade Research Initiative (GTRI) said for this the CBIC (Central Board of Indirect Taxes and Customs) must use services of communication experts for help in drafting easy to understand notifications containing necessary details.