Search Results for Tag : Gold

Notifications & Circulars

Procedure to be followed by nominated agencies importing gold/ silver/ platinum under the scheme for 'Export Against Supply by Nominated Agencies'(23.07.2018)

1. Circular no. 27/2016-Customs dated 10.06.2016 was issued providing for a simplified procedure in view of non-applicability of warehousing provision.....

Tags : Procedure, Gold, Import

Consideration of applications for grant of authorization for import of gold dore(13.03.2019)

Gold dore imported under Exim Code 71081200 is 'Restricted' as per ITC(HS), 2017. In this context, reference is invited to Trade Notice No. 14 dated 2.....

Tags : Authorization, Import, Gold dore

Lending against security of single product - Gold jewellery(21.01.2020)

1.Please refer to paragraph 27 of Master Direction - Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit tak.....

Tags : Security, Gold jewellery, Lending

Sovereign Gold Bond 2015-2016(30.10.2015)

The Reserve Bank of India will issue sovereign gold bonds from 26 November 2015, with applications being accepted from 5 November 2015. In keeping wit.....

Tags : Gold, sovereign, bond, 2015

Minimum Deposit to be 30 grams of Raw Gold in Gold Monetisation Scheme(03.11.2015)

The Reserve Bank of India has modified the minimum amount of gold that can be deposited under the Gold Monetisation Scheme. Under the modified provisi.....

Tags : Gold, monetisation, minimum deposit

Sovereign Gold Bond Scheme of the Government of India (GoI)-Procedural Guidelines - Consolidated(13.04.2020)

1. The Sovereign Gold Bond (SGB) Scheme was first launched by Government of India (GOI) on October 30, 2015. So far 37 tranches of the Sovereign Gold .....

Tags : Gold bond Scheme, Procedural Guidelines, Issuance

Sovereign Gold Bond-Dematerialisation(08.08.2017)

The Reserve Bank of India, in consultation with the Government of India, has issued nine tranches of Sovereign Gold Bonds for a total value of Rs. 603.....

Tags : Dematerialisation, Gold bonds, Issuance

Framework for operationalizing the Gold Exchange in India(10.01.2022)

1. SEBI Board in its meeting held on September 28, 2021 approved the framework for Gold Exchange and SEBI (Vault Managers) Regulations, 2021.

.....

Tags : Framework, Operation, Gold Exchange

Sovereign Gold Bond Scheme 2019-20 - Series I/II/III/IV - Operational Guidelines(30.05.2019)

This has reference to the GoI notification F.No.4(7)-W&M/2019 dated May 30, 2019 and RBI circular IDMD.CDD.No.3392/14.04.050/2018-19 dated May 30, 201.....

Tags : Scheme, Gold Bond, Series

Action against IIFL Finance Limited under Section 45L(1)(b) of the Reserve Bank of India Act, 1934(04.03.2024)

The Reserve Bank of India has, in exercise of its powers under Section 45L(1)(b) of the Reserve Bank of India Act, 1934, directed IIFL Finance Ltd. (".....

Tags : Gold loan, Sanctioning of, Direction

Sovereign Gold Bonds 2016-17 - Series I(15.07.2016)

The Reserve Bank of India announced subscription of the Sovereign Gold Bonds 2016-2017 open from 18 July 2016 to 22 July 2016.

The date of .....

Tags : Gold bond, 2016-2017, july 2016

Further clarification on tax in reverse charge on gold ornaments(13.07.2017)

In the GST Ki Master Class held yesterday, in one of the replies given to an on-the-spot-question, it was informed that purchase of old gold jewellery.....

Tags : Reverse charge, Gold ornaments, Tax, Clarification

News

Kerala HC Stays Govt Order Constituting Judicial Commission Against ED in Gold Smuggling Case(12.08.2021)

Kerala High Court has granted interim relief to the Enforcement Directorate (ED) and thereby stayed the Government notification that constituted a jud.....

Tags : Kerala High Court, Gold Smuggling Case

Delhi High Court: Can’t Deny Gold Medal to Topper For Failing to Attend Exams in First Attempt(29.01.2018)

Delhi High Court has held that sitting for an examination by a student in the successive academic year owing to illness or other similar circumstances.....

Tags : Supreme Court, Amity Law School, Gold Medal

Kerala High Court Denies Pre-Arrest Bail to M Siva Sankar IAS in Gold Smuggling Case(28.10.2020)

Kerala High Court has denied anticipatory bail to M Siva Sankar IAS, former Principal Secretary to the Chief Minister of Kerala, in the cases register.....

Tags : Kerala High Court, Gold Smuggling Case

Kerala HC Directs ED Not to Arrest M Sivasankar IAS in Gold Smuggling Case(15.10.2020)

Kerala High Court has directed the Enforcement Directorate not to arrest M Sivasankar IAS, former Principal Secretary to the office of Kerala Chief Mi.....

Tags : Kerala High Court, M Sivasankar, Gold Smuggling Case

Del. HC: Importation of Gold is a Prohibited Item Under Section 2(33) of Customs Act(22.08.2023)

Delhi High Court has held that importation of gold is a prohibited item under Section 2(33) of Customs Act; and that redemption in case of importation.....

Tags : Delhi High Court, Gold, Customs Act

Kerala HC Upholds Detention of A.M. Jalal and P. Mohammed Shafi in Gold Smuggling Case(24.09.2021)

Kerala High Court has upheld the detention of A.M. Jalal and P. Mohammed Shafi, accused in the diplomatic gold smuggling case, under the Conservation .....

Tags : Kerala High Court, Gold Smuggling Case

Advance against pledge of gold ornaments and jewellery(15.10.2015)

Reserve Bank of India has extended its policy standardising the valuation of gold jewellery presented towards security or collateral to cooperative ba.....

Tags : Valuation, gold, ornaments, jewllery, cooperative bank

Reserve Bank of India (Gold Monetization Scheme) Direction, 2015.(22.10.2015)

Reserve Bank of India has introduced a ‘Gold Monetization Scheme’, amending the ‘Gold Deposit Scheme’ and ‘Gold Metal Loan Scheme’. It encompasses Dir.....

Tags : Gold, monetize, scheme, 2015, imports

Issue of Sovereign Gold Bonds deferred(24.11.2015)

The Reserve Bank of India notified that due a large number of applications subscribing to Sovereign Gold Bonds, 2015-2016, the date of issue of the Bo.....

Tags : Sovereign gold bond, 2015, postpone

Redemption Price for premature redemption due on May 12, 2023(08.05.2023)

1. In terms of GOI Notification F. No. 4(8) - W&M/2017 dated April 20, 2017 (SGB 2017-18, Series I - Issue date May 12, 2017) on Sovereign Gold Bond S.....

Tags : Redemption Price, Premature redemption, Gold Bond Scheme

Consideration of applications for grant of authorization for import of gold-dore-reg(24.08.2017)

1. Reference is invited to Trade Notice No. 04 dated 21.04.2017 on the above subject laying down the condition that w.e.f. 01.06.2017 only those appli.....

Tags : Import, Gold, Authorization, Grant

CCI Gives a Go Ahead to Goldman Sachs-Amber Enterprises Deal(06.04.2016)

Competition Commission of India (CCI) has approved Goldman Sachs' stake purchase in Amber Enterprises India.

Tags : Competition Commission of India, Goldman Sachs

Madras HC Directs Crime Branch to Investigate About 100Kg Gold Missing from CBI Custody(14.12.2020)

Madras High Court has directed the Crime Branch to probe about the missing 100 Kg gold from Central Bureau of Investigation custody. The Court has fur.....

Tags : Madras High Court, Missing Gold from CBI Custody

Hyderabad High Court Notices Telangana Govt Over Temple Offerings(16.03.2017)

Hyderabad High Court has ordered notices in a writ petition filed challenging offering by Telangana Government of gold ornaments to temples through it.....

Tags : Hyderabad High Court, gold ornaments, Temple Offerings

ITAT, Bangalore: Assessee Living in Joint Family, Gold Credit to be Given to All Members(05.02.2021)

Income Tax Appellate Tribunal, Bangalore has ruled that when the assessee is living in joint family, gold credit provided by the Commissioner of Incom.....

Tags : Income Tax Appellate Tribunal, Gold Credit

Ernakulam Court Denies Bail to M Sivasankar IAS, Former Secretary to Kerala CM in Customs Case(31.12.2020)

Ernakulam Court has refused bail to M Sivasankar, former Principal Secretary to the Chief Minister of Kerala, in the case registered by the Customs De.....

Tags : Ernakulam Court, M Sivasankar, Gold Smuggling Case

Hyderabad HC Seeks State’s Action Plan on AgriGold Money Recovery(25.10.2016)

Hyderabad High Court has directed Andhra Pradesh Government to file plan of action, it proposes for getting money to depositors of AgriGold consortium.....

Tags : Hyderabad HC , Andhra Pradesh Government, AgriGold

Lindt Wins Legal Battle over Gold Chocolate Bear Logo(24.09.2015)

Swiss chocolate maker Lindt & Spruengli has defeated rival confectioner Haribo, who sought to stop it from making its gold chocolate bears. Germany's .....

Tags : Lindt & Spruengli, Haribo,gold chocolate bears

Sovereign Gold Bond 2017-18 Series-IV(13.10.2017)

In terms of GoI notification F. No. 4(25) - B/(W&M)/2017 and RBI circular IDMD.CDD.No.929/14.04.050/2017-18 dated October 06, 2017, the Sovereign Gold.....

Tags : Gold Bond, Series, Subscription

Loans against Gold Ornaments and Jewellery for Non-Agricultural End-uses(06.08.2020)

1. This is with reference to the circulars DBOD.No.BP.BC.27/21.04.048/2014-15 July 22, 2014 and DBR.RRB.BC.No.53/31.01.001/2016-17 dated February 16, .....

Tags : Loans, Gold Ornaments, Non-Agricultural End-uses

GST Council Sets Stage For July 1 Roll Out, Seals Tax Rates of Final Six Items(05.06.2017)

GST Council in its 15th meeting held at New Delhi has fixed rates of gold, apparels, footwear, biscuits etc. As a corollary, 5% tax will be imposed on.....

Tags : GST Council, gold, apparels, footware, biscuits

GST 'Rates, Rules Marathon' Ends, Sprint Begins for July 1 Roll Out of 'One Nation One Tax' Regime(05.06.2017)

Goods and Services Tax (GST) Council has decided to impose GST tax rate of 3% on Gold, Silver and processed Diamonds.

Tags : GST Council, Gold, Silver, Processed Diamonds

CBIC Notifies Decrease in Customs Duty on Gold and Silver(19.02.2021)

Central Board of Indirect Taxes and Customs (CBIC) has notified the decrease in customs duty on gold and silver. The Board has notified the reduction .....

Tags : Central Board of Indirect Taxes and Customs, Customs Duty on Gold and Silver

Kerala HC: Gold Smuggling with Mere Illegal Profit Motive Not a 'Terrorist Act' Under UAPA(22.02.2021)

Kerala High Court has held that mere act of gold smuggling, which is covered under the Customs Act, will not amount to a "terrorist act" under the Unl.....

Tags : Kerala High Court, Gold Smuggling

RBI Issues Gold Bonds Operational Guidelines(05.11.2015)

Reserve Bank has issued operational guidelines for Sovereign Gold Bonds, 2015-16 and mandated some operational procedures for Commercial banks and pos.....

Tags : Reserve Bank of India, Commercial banks , post offices, Gold Bonds Operational Guidelines

Punjab and Haryana High Court Notices Punjab Government over Illegal Constructions near Golden Temple(26.10.2016)

Punjab and Haryana High Court has directed Punjab Government to submit a report as to what action has been taken against erring officials who have bee.....

Tags : Punjab and Haryana High Court, Golden Temple, Illegal Constructions

SC Issues Notice on Plea Filed by ED Challenging Bail Granted to M Sivasankar(05.03.2021)

Supreme Court has issued notice on the petition filed by the Enforcement Directorate challenging the bail granted to M Sivasankar IAS, former Principa.....

Tags : Supreme Court, Gold Smuggling Case, M Sivasankar

Ker. HC: Presence Of Gold In Pocket Sans Appropriate Documentation Raises Suspicions Of Tax Evasion(25.01.2023)

Kerala High Court has ruled that the presence of gold in your pocket without the appropriate documentation raises suspicions of evasion of tax.

Tags : Kerala High Court, gold, documentation, tax

RBI Simplifies Gold Monetisation Scheme(22.01.2016)

Reserve Bank of India (RBI) has simplified Gold Monetisation Scheme (GMS) for bulk depositors, in order to help temple boards to do so and also allowe.....

Tags : Reserve Bank of India , Gold Monetisation Scheme

Ker. HC: Wife Can Claim Return of Gold Ornament Under Dowry Act Only if She Proves Entrustment(10.02.2023)

Kerala High Court has held that in the absence of enough evidence that the gold ornaments given to the wife at the time of marriage was entrusted by h.....

Tags : Kerala High Court, Dowry, Gold Ornaments, Entrustment

RBI Issues Guidelines for the Gold Monetisation Scheme(23.10.2015)

Reserve Bank of India (RBI) has issued guidelines for the Gold Monetisation Scheme. RBI has issued directions for banks on implementation of the gold .....

Tags : Reserve Bank of India , Gold Monetisation Scheme

RBI Postpones Issue Date of Sovereign Gold Bonds(25.11.2015)

Reserve Bank of India (RBI) has postponed issue date of sovereign gold bond by four days to November 30 to enable their smooth uploading into the cent.....

Tags : Reserve Bank of India , Sovereign Gold Bonds

Delhi HC Issues Notice in Plea Seeking Investigation Into Deaths in Jaipur Golden Hospital(07.06.2021)

Delhi High Court has issued notice to Union of India through Ministry of Health, Ministry of Home Affairs, Government of NCT of Delhi through Health D.....

Tags : Delhi High Court, Deaths in Jaipur Golden Hospital

CESTAT, Bangalore: Gold was Freely Importable by Normal Importer Prior to DGFT Notification(07.03.2022)

Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Bangalore, has ruled that gold was freely importable by the normal importer prior to the .....

Tags : Customs, Excise and Service Tax Appellate Tribunal, Gold, DGFT Notification

Govt. Reiterates Tax on Gold Monetisation Scheme(25.01.2016)

Govt. has said that interest earned on deposits under Central Government’s Gold Monetisation Scheme will not attract any tax; gain through trading or .....

Tags : Govt., Gold Monetisation Scheme

CESTAT: Foreign Origin Gold Bar With Unexplained Source Liable for Absolute Confiscation(10.05.2022)

Customs, Excise and Service Tax Appellate Tribunal, Chennai while remanding the matter back, has held that the gold bar with a foreign marking, the so.....

Tags : Customs, Excise and Service Tax Appellate Tribunal, gold bar, prohibited good

Hyderabad High Court Directs Auction of Agrigold Assets(28.12.2015)

Hyderabad High Court has directed to sell the assets of Agrigold company for returning the customers’ money.

Tags : Hyderabad High Court, Agrigold company

Government Scraps Excise Duty on Branded Gold Coins(01.12.2016)

Government has scrapped 1 % Excise Duty currently applicable on branded gold coins.

Tags : Union Government, Excise Duty, gold coins

AAR, Karnataka: GST to be Paid Only on Difference in Amount on Second Hand Gold(14.07.2021)

Authority of Advance Ruling (AAR), Karnataka has ruled that Goods and Services Tax is to be paid only on difference between selling price and purchase.....

Tags : Authority of Advance Ruling, GST on Second Hand Gold

SC Dismisses SFIO Plea to Cancel Bail of Nowhera Shaikh in Heera Exim Gold Scam Case(13.05.2022)

Supreme Court has dismissed the application filed by Serious Fraud Investigation Office (SFIO) seeking cancellation of bail granted to Nowhera Shaikh,.....

Tags : Supreme Court, Serious Fraud Investigation Office, Nowhera Shaikh, Heera Gold Exim Private Limited

Delhi HC: Gold Smuggling Without Threatening Economic Security of India is not a ‘Terrorist Act’(06.06.2022)

Delhi High Court has held that mere smuggling of gold without any connection to threatening economic security or monetary stability of India cannot be.....

Tags : Delhi High Court, UAPA, Gold Smuggling

Judgments

Court rules in favour of ITC in ‘Gold Flake’ dispute(29.09.2015)

Noting that NTC’s use of the trademark ‘NATIONAL GOLD FLAKE’ was either insufficient or kept clandestinely low to not attract the Petitioner’s attenti.....