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Pure gold gods, goddesses can go abroad freely as govt eases export norms

In August last year, the export of items made of gold above 22 carat was banned in a bid to stop round-tripping of gold

Imaging: Ajay Mohanty
Imaging: Ajay Mohanty

Gods and goddess made of pure gold are free to go out of the country. The government has relaxed export norms especially for them.  The Directorate General of Foreign Trade (DGFT) on Friday evening issued a public notice allowing export of only religious idols made of 8 to 24 carat gold. In August last year, the export of items made of gold above 22 carat was banned in a bid to stop round-tripping of gold. Round-tripping in bullion, also called round-trip transactions, involves a company selling gold jewellery/articles  to another company (mostly of the same group) ...