The Central Board of Indirect Taxes and Customs has notified the Baggage Rules, 2026, raising duty-free limits for residents and tourists. The move supports ease of travel, consumption, and tourism, but raises enforcement challenges like valuation disputes and gold smuggling, requiring tech-enabled customs oversight.
Click to View MoreThe government has reduced customs duties on gold imports to lower gold prices, curb smuggling, and boost official trade. While these measures helped reduce illegal imports and bring some price relief, gold prices remain high due to global economic factors, currency depreciation, and strong demand. Moving forward, further duty cuts, better regulation of digital gold, strengthening anti-smuggling efforts, and revitalizing gold monetisation schemes are recommended to stabilize prices.
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