Restrictions on gold imports to continue! Revenue secretary announcement
Posted on: 04/Aug/2014 2:39:13 PM
Revenue Department Secretary Mr. Chandrakanth Das has informed that the current restriction on gold imports is likely to continue for some more time.
Though the restrictions are primarily due to the large budget deficit, some international situations & developments may lead to emergencies. Hence, it is better to be careful about any relaxation on gold im port restrictions.
Situations and problems prevailing in Ukraine, Iraq, and Libya have led to the price increase of crude oil. This may cause more burden on the already high budget deficit.
