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<p>[QUOTE=&quot;doug444, post: 1621449, member: 38849&quot;]This should settle it - from Bloomberg, January 22:</p><p><br /></p><p>&quot;...The duty on gold and platinum imports was raised to 6 percent immediately from 4 percent, Economic Affairs Secretary Arvind Mayaram told reporters in <a href="http://topics.bloomberg.com/new-delhi/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://topics.bloomberg.com/new-delhi/" rel="nofollow">New Delhi</a> yesterday. A levy on gold ore, concentrate and so-called dore bars for refining will be doubled to 4 percent, and an excise tax on refined gold will climb to 5 percent from 3 percent, the customs said on its website. The tariff will be reviewed if imports moderate, Mayaram said. </p><p>&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; </p><p>Increased taxes may reduce demand in <a href="http://topics.bloomberg.com/asia/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://topics.bloomberg.com/asia/" rel="nofollow">Asia</a>’s third-largest economy after prices jumped 7.1 percent in 2012 as investors and central banks boosted purchases. About 80 percent of India’s current-account deficit, the broadest measure of trade, tracking goods, services and investment income, is due to gold imports, according to the <a href="http://www.bloomberg.com/quote/RBI:IN" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bloomberg.com/quote/RBI:IN" rel="nofollow">Reserve Bank of India</a>.&quot;[/QUOTE]</p><p><br /></p>

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