Sonia wants lower import duty on gold

Sonia wants lower import duty on gold

Sonia wants lower import duty on gold

Congress president Sonia Gandhi has written to the Commerce and other ministries concerned, seeking a cut in import duty and easing of physical curbs on gold imports, accordi­ng to a letter released on Thu­rsday.

“You are req­u­e­sted to look into the matter (dem­ands of the gems and jewellery industry) for appropriate action,” the letter stated.

But Finance Minister P Chidambaram reiterated from Davos that easing any curbs on gold imports will be possible only after India has a firm grip on its current account deficit situation.

“Until we have a firm grip on the current account deficit, I do not contemplate any rollback in any measure. We will get a full idea of the current account deficit when the Budget is presented and the year comes to an end,” Chid­a­m­baram told a private TV ch­a­n­nel on the sidelines of the World Economic Forum Ann­u­al meet.

However, he added that he had not yet seen Gandhi’s letter and couldn’t comment on it.
Related report on Page 12

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