India Restricts Gold Jewelry Imports: Impact on Indonesia & Tanzania
By Rediff Money Desk, New Delhi Jun 11, 2024 21:13
India has imposed restrictions on gold jewelry imports, affecting shipments from Indonesia and Tanzania. The move aims to protect domestic jewelers and control the trade.

New Delhi, June 11 (PTI) The government on Tuesday imposed import curbs on certain types of studded gold jewellery, a move which could discourage inbound shipments of these items from Indonesia and Tanzania.
However, the directorate general of foreign trade (DGFT) said that imports under a valid India-UAE free tarde agreement TRQ (tariff rate quota) will be permitted without restricted import authorisation.
The import policy of gold jewellery studded with pearls, with certain kinds of diamonds, and other precious and semi-precious stones "has been amended from free to restricted" with immediate effect, the DGFT said in a notification.
An industry expert said that imports of these items were increased from Indonesia and Tanzania. India has a free trade agreement with Indonesia.
Goods under restricted category needs a licence/permission from the government.
However, the directorate general of foreign trade (DGFT) said that imports under a valid India-UAE free tarde agreement TRQ (tariff rate quota) will be permitted without restricted import authorisation.
The import policy of gold jewellery studded with pearls, with certain kinds of diamonds, and other precious and semi-precious stones "has been amended from free to restricted" with immediate effect, the DGFT said in a notification.
An industry expert said that imports of these items were increased from Indonesia and Tanzania. India has a free trade agreement with Indonesia.
Goods under restricted category needs a licence/permission from the government.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 9.47 (+ 2.05)
- 61048233
- Thinkink Picturez
- 0.45 ( 0.00)
- 22664084
- G G Engineering
- 1.22 ( -3.94)
- 18109205
- Srestha Finvest
- 0.69 ( -1.43)
- 12131937
- Hathway Cable & Data
- 14.75 ( -2.12)
- 11583833
MORE NEWS

Samsung India Employees Strike Over Union...
Employees at Samsung's Sriperumbudur plant in Tamil Nadu are on strike, demanding...
HC Robotics to Invest Rs 500 Cr in Telangana,...
Centillion Networks'' subsidiary HC Robotics will invest Rs 500 crore in Telangana,...

Ajax Engineering Raises Rs 379 Cr Ahead of IPO
Ajax Engineering, backed by Kedaara Capital, has secured Rs 379 crore from anchor...