Indian Govt Cuts Import Tariff Values of Gold, Silver

[2013-02-19 10:06:22]

The government of India slashed the import tariff value of gold to $535 per 10 gram and reduced the rate for silver marginally to $1,003 per kg due to weakening global prices of precious metals.

The tariff value is the base price on which the customs duty is determined to prevent under-invoicing.

Source: The Economic Times

Keywords:India Import Tariff Gold Silver

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