Govt plans to reduce GST rate and basic customs duty on gold

The central government is considering a sharp reduction in the  import duty  on gold, to four per cent from the current 10 per cent. This is part of the discussion on the ‘integrated  gold  policy’ under preparation. The matter is being reviewed by the Central Board of Indirect Taxes and Customs. On Thursday, an internal meeting was called by P K Das, the board chairman, to dis…