India's duty cut halts concessionary silver, platinum imports from UAE

India has ended its silver and platinum imports from the UAE due to removal of concessionary duties, as per a recent trade agreement. The cessation follows New Delhi's decision to reduce import taxes, diminishing the duty arbitrage bullion dealers had been exploiting. On Tuesday, the world's second-largest bullion consumer cut import duties on gold and silver from 15% to 6%.
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