WITH GOLD IMPORTS reaching an all-time high of $14.86 billion in November, the commerce ministry is examining the data to ascertain if there is any error in its compilation, an official said on Wednesday.
The jump in gold imports pushed the country's trade deficit to a record $37.84 billion in November.
"On noticing unusual surge, DGCIS (Directorate General of Commercial Intelligence and Statistics) has taken up detailed examination of the gold import data and reconciliation would be done with the data received by CBIC (Central Board of Indirect Taxes and Customs),"" the official said.
The Kolkata-based DGCIS, under the ministry of commerce, is an organisation for the collection, compilation and dissemination of India's trade statistics and commercial information.
This story is from the December 19, 2024 edition of Financial Express Lucknow.
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This story is from the December 19, 2024 edition of Financial Express Lucknow.
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