Gold Customs Duty Cut: RBI Reluctant
  • Prabha Hedge
  • Jan 17 2014

January 17: Customs duty on gold has been hiked from 2.5% to 10% in just the last year on account of high CAD. Now with gold imports falling to its lowest levels in a decade, the finance ministry has come out with a proposal to reduce customs duty on gold. But sources say the proposal is running into resistance from the central bank. Bloomberg TV India’s Jayshree Pyasi shares a detailed report.