tariffsimplification
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India’s Budget 2026 May Simplify Gold Import Duties With Fewer Customs Slabs
Ahead of the Union Budget 2026 (to be presented on Feb 1), expectations are rising that the government will revamp the customs duty framework — potentially reducing the number of tariff slabs and simplifying import duties on gold to support formalisation and market growth.
Key Facts:
• India’s household gold holdings nearly match annual GDP — ~US$4 trillion.
• Budget proposals may reduce customs duty slabs (currently around eight) to five or six, easing tariff complexity.
• Simplified tariffs aim to boost formal gold trade, reduce litigation, and align India with global markets.
Expert Insight:
Lowering and rationalising customs duties may make gold more competitively priced, attract investment into regulated gold products, and support India’s ambition to become a global gold trading hub.
#IndiaBudget #CustomsDuty #TariffSimplification #GoldMarket #BTCVSGOLD $XAU $PAXG
Ahead of the Union Budget 2026 (to be presented on Feb 1), expectations are rising that the government will revamp the customs duty framework — potentially reducing the number of tariff slabs and simplifying import duties on gold to support formalisation and market growth.
Key Facts:
• India’s household gold holdings nearly match annual GDP — ~US$4 trillion.
• Budget proposals may reduce customs duty slabs (currently around eight) to five or six, easing tariff complexity.
• Simplified tariffs aim to boost formal gold trade, reduce litigation, and align India with global markets.
Expert Insight:
Lowering and rationalising customs duties may make gold more competitively priced, attract investment into regulated gold products, and support India’s ambition to become a global gold trading hub.
#IndiaBudget #CustomsDuty #TariffSimplification #GoldMarket #BTCVSGOLD $XAU $PAXG
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