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.
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