ANNOUNCEMENT 20 Feb 2013

In February 2013, the government of India announced an alteration to its export prohibitions.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Ministry of Commerce: http://commerce.nic.in/pressrelease/pressrelease_detail.asp

Gold News: http://goldnews.bullionvault.com/gold-jewelry-022220123
Reuters: http://in.reuters.com/article/2013/02/20/india-gold-imports-idINDEE91J06G20130220


Inception date: 20 Feb 2013 | Removal date: open ended

Import ban

On 20 February 2013, the Indian Ministry of Commerce suspended imports of gold from Thailand.
Previously, those imports were subject to a 1% duty (compared to a 10% duty for imports from other countries), which was only applicable if the good received a value addition of at least 20% in Thailand. The suspension will be in place until the authorities deem the certificate of origin of the imports to be satisfactory.

 
The implementation of this suspension is a reaction to increased imports of the aforementioned product in the last months. TheIndian government fears that importers are abusing the (almost) duty-free pactwith Thailand to import goods originating elsewhere.

AFFECTED SECTORS

 
382 413 484

AFFECTED PRODUCTS

 
710812 710813 711411 711419 911120 911180