New Delhi, June 18 -- India has placed gold compounds and 12 other items in the restricted trade category to curb evasion of import duty.

The Directorate General of Foreign Trade (DGFT) has amended its import policy, moving gold compound (HS code 28433000) from 'free' to 'restricted' list, according to a notification on 18 June. Which means, importers will now need a licence from the DGFT to bring such compounds into the country.

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Mint reported on 12 June how importers were using aloophole to bring in gold compounds-also called liquid gold-instead of actual gold and saving up on the 6% duty. Gold compounds, used in industrial applications, attract no d...