Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Banks resume gold and silver imports after paying 3% IGST: Report
short by Mini Tiwari / on Tuesday, 12 May, 2026
Banks resumed importing gold and silver, following a month's pause, after paying the 3% integrated goods and services tax (IGST) levy imposed by the customs authorities on April 1, Reuters reported. Imports had dropped to a near 30-year low in April during the halt. The resumption could widen the trade deficit and put more pressure on the rupee, it added.
read more at NewsBytes