16 March 2016 15:35:28 IST

Why the customs on gold should have moved lower

BusinessLine tells you why a cut on customs duty on gold wouldn't have hurt

The current account deficit has been under control for a while and the clamour has been for reducing customs duty on gold imports, especially since the metal is being smuggled in. Jaitley, however, has not give in to the proposal. BusinessLine tells you why a cut wouldn't have hurt