Indian banks pause gold and silver imports as IGST tax clarity notification slips beyond FY27

Published on 1 May 2026

A key tax notification hasn’t landed yet

Indian banks have stopped gold and silver imports since April 1, citing a pending annual government notification that is supposed to clarify IGST treatment for bullion trade. The issue is expected to carry into FY27 as the renewed Finmin notification hangs fire, tightening supply and adding uncertainty for jewellers and traders relying on imports.

Banks paused gold and silver imports starting April 1
A yearly government notification is needed for IGST clarity on bullion
The renewed Finmin update is delayed, expected to spill into FY27
Traders and jewellers may face tighter supply and pricing uncertainty

#igst #finmin #taxation #gold imports #banks

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Indian banks pause gold and silver imports as IGST tax clarity notification slips beyond FY27

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