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SGB redemption: How much investors lost and government gained due to custom duty cut on gold

By Economic Times - 4 months ago
Sovereign gold bond: According to Aksha Kamboj, VP, India Bullion & Jewellers Association, "Revenue loss to the government may be approximately Rs 26,000 crore due to customs duty cut but the same is likely to be compensated by import of gold through the official channel. The Government will benefit up to Rs 620 crore."

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