India drops 80:20 gold import/export rule
By GCRU Gold News on Monday, December 1 2014, 22:27 - Permalink
In a surprise relaxation of India’s controls on gold imports, the nation’s government is to drop the controversial 80:20 rule which decrees that 20% of imported gold has to be re-exported (primarily as jewellery). There has apparently been no move so far, however, to relax the 10% import duty on gold and silver..