Economy

GST exemption for banks, nominated agencies for gold, silver imports may be withdrawn

· 4 October 2026 · 2 min read
GST exemption for banks, nominated agencies for gold, silver imports may be withdrawn

The Economic Times has reported a new India-focused economy development: “GST exemption for banks, nominated agencies for gold, silver imports may be withdrawn.” The publisher's feed describes the story as follows: The GST Council may end the IGST exemption on gold, silver and platinum imported by banks and nominated agencies, sources said. The exemption, introduced in 2017 when precious-metal imports were tightly regulated, could be withdrawn as the government seeks to curb non-essential impor

Original reporting by The Economic TimesRead the full story

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#economy#india#governance

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