MUMBAI (Reuters) – India moved platinum alloy imports to the restricted category from the previously free category, except for 99% pure platinum alloy imports, the government said in a notification on Wednesday.
The decision to restrict platinum imports by the world’s second largest gold consumer comes as some importers were masking gold imports as platinum to avoid higher import duties.
(Reporting by Rajendra Jadhav; Editing by Muralikumar Anantharaman)
