Government raises import tariff on gold to $369 per 10 grams

The government today raised the import tariff value on gold to US$ 369 per 10 grams taking strong cues from the global market. The tariff value on silver was however reduced to US$ 471 per kg. In the second fortnight of August, the import tariff value on gold was US$ 363 per 10 grams and on silver it was US$ 499 per kg. The import tariff value is the base price at which the customs duty is determined to prevent under-invoicing....Read More