46.13 F
London
March 2, 2024
PI Global Investments
Precious Metals

India increases import duty on gold and silver findings, coins of precious metals to 15%


The government has increased import duties on gold and silver findings, as well as coins of precious metals, to 15%. This comprises a Basic Customs Duty (BCD) of 10% and an additional 5% under the All Industry Duty Drawback (AIDC), with an exemption from the Social Welfare Surcharge (SWS).

For spent catalysts containing precious metals, the import duty has been raised to 14.35%.

This includes a 10% Basic Customs Duty (BCD) and an additional 4.35% under the All Industry Duty Drawback (AIDC), with an exemption from the Social Welfare Surcharge (SWS).

The changes, effective from January 22, 2024, aim to regulate imports and support the domestic economy.

This is a developing copy



Source link

Related posts

UBS precious metals team shines amid market turmoil

D.William

Impala Platinum considers mine closures after profit slump

D.William

NYMEX: Precious Metals Prices Down – 09-01-24

D.William

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.