Mostly: Classical

[basserdan]

India to 86 import duties on gold/silver

When everything is make believe... you don't know what to believe.
-- Bill Bonner
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G'morning Frank,
Ah, Bill Bonner..... a wordsmith of the first order.

Well, I believe the removal of import duties on bullion by the #1 gold consuming nation can only be viewed as being bullish for the PoG.


Mini exim policy allows free import of gold, silver

NEW DELHI: After `mini budget' early this month, the Government today came out with `mini exim policy' that allows free import of gold, silver and electrical energy, and liberalises exports of certain fertilisers.

Announcing the policy measures, the Commerce Minister, Mr Arun Jaitley said imports of all kinds of capital goods including office and professional equipment would be allowed under duty free entitlement scheme.

But imports of agriculture and dairy products and cars would continue to be banned, he said, adding heritage hotels, I and II star hotels and stand-alone restaurants would be extended the benefits of duty-free import now admissible to the tourism sector.

Mr Jaitley, however, maintained that these announcements were only `procedural changes' that are being demanded by the exporters as a follow up to last year's exim policy.

It would be left to the new Government to present the full- fledged exim policy.

The Minister also announced that the exports recorded an `unprecedented' 42.68 per cent growth in December 2003, pushing up the overall growth in the first nine months of this fiscal to 13.48 per cent. - PTI

http://www.thebulliondesk.com/NewsProvider.aspx?NewsID=2374371