Indian banks pause gold and silver imports amid GST confusion - NewsBytes

Banks haven't brought in any gold or silver since April 1, thanks to paperwork delays and confusion over tax rules. With shipments stuck at customs and no green light for banks to import, the country's massive bullion market is feeling the pinch. Everyone's waiting for clarity on GST exemptions before things can get moving again. Jewelers hit by over $20 premium Jewelers are having a tough time re…