Government further cuts gold, silver import tariff value
Source: PTI Government today further slashed the import tariff value of gold to $376 per 10 grams and of silver to $498 per kg due to weak global prices. For last fortnight, the tariff value of gold was fixed at $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. It is revised on a fortnightly basis taking into account global prices. The decrease in tariff value on imported gold and silver has been notified by the Central Board of Excise and Customs, according to an official statement. The government further brought down the tariff value of these two metals taking into account the weak ...
