Wednesday 10 May 2017

#AOJQuote of the day 11th May 2017:

“Some are of the view that import duty on gold is likely to be lowered from current 10% level, such that even with introduction of GST, the overall tax rate would not be too different from the current level of around 12%. A potential combination would be a 7% import tax and gold being classified under the 5% GST bracket,” Joni Teves, Precious Metals Strategist at UBS, in the Global Precious Metals report.

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