Begin typing your search above and press return to search.
exit_to_app
His name is Khan, after all
access_time 2021-10-18T10:43:46+05:30
Not Rahul; Time for Priyanka in Uttar Pradesh
access_time 2021-10-18T15:35:44+05:30
Five years on,  Najeeb still missing
access_time 2021-10-14T11:35:37+05:30
access_time 2021-10-13T13:28:12+05:30
More than just an award, a message
access_time 2021-10-11T09:31:16+05:30
DEEP READ
exit_to_app
Homechevron_rightBusinesschevron_rightIndia cuts gold,...

India cuts gold, silver value to ascertain import duty

text_fields
bookmark_border
India cuts gold, silver value to ascertain import duty
cancel

New Delhi: With the prices of both global and silver declining sharply in the global markets, India has slashed their import tariff value to ascertain their import duty, an official statement said Saturday.

The tariff value for gold has been cut to $391 per 10 grams from $401, while that for silver has been reduced to $551 per kg from $575 per kg. These tariff values for a host of commodities are ascertained on a fortnightly basis.

The slash in tariff value on imported gold has been notified by the Central Board of Excise and Customs.

The import tariff value is the base price at which customs duty is levied. It helps to prevent under-invoicing. Gold price in the Delhi bullion markets was ruling at around Rs.26,550 per 10 grams and silver at Rs.36,250 per kg Saturday.

Show Full Article
TAGS:
Next Story