The government has imposed import restrictions on specific gold jewellery and articles.
(Representational Image: iStock)
The government has imposed import restrictions on specific gold jewellery and articles.
As per this move, an importer will require a permission of licence from the government for importing these gold products.
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At the same time, the Directorate General of Foreign Trade (DGFT) said in a notification that the restrictions will not apply for imports under the India-UAE free trade deal.
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The DGFT also said that the import policy of these products “has been amended from free to restricted with immediate effect”.
The decision will help reduce import of non-essential items.
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