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Home News News and Press Release Month 3 2012 2012 (3) This

Import of Gold.

30-3-2012
  • Contents

Press Information Bureau
Government of India
Ministry of Finance

30-March-2012 18:26 IST

Import of Gold

The details of import of gold during the last two years is as under:-

 

Financial year

Import of gold (in Kg.)

Value (in crore)

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.

 

 

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