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immovable property.
BMG ARTICLES
to lend out.
The Indian governments response to all of this is to
periodically impose import quotas on gold imports,
or to hike import taxes or, as noted earlier, impose an
excise duty on gold jewellery. Usually, all that is
accomplished is an increase in the rate of smuggling.
Gold in India often trades at a premium to gold in
other countries. While the 1% excise tax on jewellery
get cash. The result is you dont need to buy gold and
regularly consumes.
BMG ARTICLES
BMG ARTICLES
David Chapman is Chief Economist with Bullion Management Group Inc. He regularly writes articles of
interest to the investing public. David has over 40 years of experience as an authority on finance and
investment, through his range of work experience and in-depth market knowledge. For more information on
TM
Bullion Management Group Inc., BMG BullionFund, BMG Gold BullionFund and BMG BullionBars , visit
www.bmgbullion.com, email info@bmgbullion.com, or call 1 888.474.1001.