Taking advantage of loophole, traders importing refined gold as platinum alloy

Nearly 22 tonnes of gold have been imported through this route, industry sources said, adding that it was causing a revenue loss of more than `400 crore for the government. The India Bullion &Jewellers Association (IBJA) has, meanwhile, written to the finance ministry, requesting to change the policy.

Taking advantage of loophole, traders importing refined gold as platinum alloy
Nearly 22 tonnes of gold have been imported through this route, industry sources said, adding that it was causing a revenue loss of more than `400 crore for the government. The India Bullion &Jewellers Association (IBJA) has, meanwhile, written to the finance ministry, requesting to change the policy.