The details of import of gold during the last two years is as under:-
Import of gold, except for monetary purpose, is free under Exim Code 7108 of ITC (HS) Classifications for imports. However, it is subject to Reserve Bank of India regulations. There is no proposal to change this policy at present.
This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Lok Sabha today.
Source: PIB
| Financial year | Import of gold (in Kg.) | Value (incrore) |
| 2009-10 | 850985 | 135877.91 |
| 2010-11 | 969731 | 184728.74 |
Import of gold, except for monetary purpose, is free under Exim Code 7108 of ITC (HS) Classifications for imports. However, it is subject to Reserve Bank of India regulations. There is no proposal to change this policy at present.
This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Lok Sabha today.
Source: PIB
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