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Govt finalises list of commodities for import curbs, gold to be spared: Reports

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India is likely to increase import duties on precious stones, certain types of steel and electronics but will spare gold to prevent smuggling, a finance ministry official said on Monday. The official, who declined to be named, told reporters the main reason for the planned increase in duties is to curb an inflow of items that normally move between China and the United States, but could be redirected because of the tariffs imposed by the two countries.

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