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

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Monetizing AI Powered Customer Insights for Targeted Campaigns ✌️【Temp Worker】✌️₹500 is your key to high monthly profits. Invest now for big returns!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.

Monetizing AI Powered Customer Insights for Targeted Campaigns ✌️【Temp Worker】✌️Invest ₹500 and earn up to 100% returns every month. 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.

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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.

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Monetizing AI Powered Customer Insights for Targeted Campaigns ✌️【Temp Worker】✌️From ₹500 to massive profits. Start investing now for high returns!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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