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Government slashes tari!

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29/11/13 10:15 pm

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0 slashes tariff value on Government imported gold & silver

By PTI | 29 Nov, 2013, 07.52PM IST READ MORE ON silver | Gold prices | Gold | CBEC
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Retail Razzmatazz

NEW DELHI: The government today slashed the import tariff value on gold and Realty Trends: Buzz in the sector Personal Finance: Things to know! silver to $405 per ten gram and $642 per kg, respectively, in line with global trends. The import tariff value is the base price at which the customs duty is determined to prevent under-invoicing. The tariff value on imported gold stood at $414 per 10 grams, while on silver at $672 per kg till yesterday.

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The government slashed the import tariff value on gold and silver to $405 per ten gram and $642 per kg, respectively, in line with global trends.

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and will be converted into super-luxury companies have grown by over 67% in an additional fee. For them, the Besides precious metals, the tariff value on imported brass scrap has also been reduced residences. 2012-13. online services is endless. Milestone Capital to raise Rs 500cr real How you can ease your parents financial some has been kept unchanged. estate fundvegetables in Jan burden Slump leaves many a hotel room empty; Lower EMIs on car loans, processing fee recovery only after polls waived to lure buyers

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The import tariff value on gold has been changed due to volatility in precious metals in the global market. International gold prices have fallen below $1250 an ounce now from the level of $1322 per ounce early this month. Similarly, silver prices have slipped below $20 per ounce. However in the domestic market, gold prices were ruling firm at Rs 31,320 per ten gram in the national capital due to high premium charges on the yellow metal in the wake of tight supply following the government's gold import curbs India, the world's largest consumer of gold, imported 393.68 tonnes of the yellow metal during the April-September period of this year, as per official data. The government has taken several steps to reduce gold imports, including hike in custom duties.

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Government slashes tari! value on imported gold & silver - The Economic Times

29/11/13 10:15 pm

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