WebFeb 1, 2024 · Silver import duty increased from 10.75% to 15%. New Delhi, Feb 1 (GoldSilverReports) – India raised total taxes on silver imports 15% and on silver dore to 14.35%, the government said in a statement on Wednesday, in an effort to align the duty structure of the metal with gold. The south Asian country is the world’s biggest importer … WebJul 4, 2024 · To curb import of gold, customs duty has been increased from present 10.75% to 15%,” the finance ministry said in a statement. According to the World Gold …
All that glitters also includes smuggled gold: A look at the …
WebJan 25, 2024 · On the back of high gold imports, the government increased import duty starting July 1, 2024. “The surge in gold imports is putting pressure on the current account deficit. To curb import of gold, customs duty has been increased from present 10.75 per cent to 15 per cent,” the Ministry of Finance had said at the time. WebOct 7, 2024 · The duty drawback rate on gold has been increased by 15.6% from Rs.372.9 per gm to Rs.431.1 per gm, which will enable exporters to get higher returns on duty and taxes that were paid for the raw materials against the exported products. Meanwhile, the duty drawback on silver jewellery has been reduced by 5% from… banda 6pk894
Gold Prices on Budget Day 2024: Fed
WebFeb 2, 2024 · The base customs duty on gold and silver will be reduced from 12.5 per cent to 7.5 per cent, but a 2.5 per cent agriculture infrastructure and development cess will be … WebJul 1, 2024 · India has raised its basic import duty on gold to 12.5% from 7.5%, the government said on Friday, as the world's second biggest consumer of the precious … WebDec 26, 2024 · On June 30, India’s Ministry of Finance notified that basic customs duty (BCD) on gold would increase from July 1. BCD on refined gold bars and gold dore increased to 12.5% and 11.85%, from ... banda 6pk1830