Government further cuts gold, silver import tariff value

Government today further slashed the import tariff value of gold to US $376 per 10 grams and of silver to US $498 per kg due to weak global prices. For last fortnight, the tariff value of gold was fixed at US $382 per 10 grams and silver at $516 per kg. The import tariff value is the base price at which customs duty is determined to prevent under-invoicing. 

Read more