Government raises import tariff value of gold, silver to $ 407 per 10 grams and $ 663 per kg respectively: Media Report

Posted By: Religare
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Government raises import tariff value of gold, silver
The government raised import tariff value of gold and silver to USD 407 per 10 grams and USD 663 per kg, respectively, reported PTI.Import tariff value is the base price at which customs duty is determined to prevent under-invoicing.

The tariff value on imported gold earlier stood at USD 392 per 10 grams on silver at USD 638 per kg.The notification in this regard has been issued by the Central Board of Excise and Customs ( CBEC), an official release said.

Tariff value on imported brass scrap has also been increased to USD 3,995 per tonne from USD 3,940 per tonne, while the tariff value on imported poppy seeds remain to USD 3,195 per tonne.

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