Gold Import Duty Needs to Be Rationalised: Trade Secretary

India needs to "rationalise" duty on gold imports, which plunged 72 per cent in May, Trade Secretary Rajeev Kher told reporters on Wednesday. Mr Kher said the trade ministry was in favour of "rationalising" the import duty and that there was a clear view that "normalcy" needed to be restored to gold imports. Following a steep rise in the country's current account deficit, India had raised the gold import tax last year to 10 p...