For Quick Alerts
For Daily Alerts

Govt raises import tariff value of gold to $472 per 10 grams

By Religare

According to the notification of the Central Board of Excise and Customs (CBEC), due to the volatility in the price of gold in global markets the Government has raised the tariff value on the import of gold to $472 per 10 grams.

Tariff value is the base price on which the customs duty is determined to prevent under-invoicing, said the media report.

According to the media reports, the tariff value of gold was changed bringing it down to $449 per 10 grams due to weak global prices.


However, the import tariff value of silver has been kept unchanged at $762 per kg, added the media report.

As per trader estimates, gold imports are expected to rise by 20 per cent to around 183.6 tonnes in the April-June quarter of the current fiscal.

Read more about: gold
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more