Gold silver import duty news

Jul 6, 2019 Hindustan Times - Latest News A similar hike was proposed for silver ( including silver plated with gold and platinum); base The decision to raise import duty on gold came at a time when the domestic jewellery industry 

Feb 02, 2020 · The Budget has increased the import duty on gold coins to 12.5 per cent from 10 per cent, making it on a par with that of bullion. The demand for bars and coins in India doubled to 45 tonnes in the D Gold Import Duty: Latest News, Photos, Videos on Gold ... Sep 09, 2019 · Find Gold Import Duty Latest News, Videos & Pictures on Gold Import Duty and see latest updates, news, information from NDTV.COM. Explore more on Gold Import Duty. Govt plans to reduce GST rate and basic customs duty on gold Read more about Govt plans to reduce GST rate and basic customs duty on gold on Business Standard. India's gold import fell 3% in value to $32.8 billion (Rs 2.3 trillion) during 2018-19 Duty-free import of gold, silver restricted

Jul 05, 2019 · The south Asian country also raised import duty on gold dore or non-refined mined gold, to 11.85% from 9.35% and to 11% from 8.5% on silver dore, Finance Minister Nirmala Sitharaman said in her

Govt raises import duty on gold, silver, platinum, hopes ... Aug 13, 2013 · The government today increased import duty on gold, silver and platinum to 10 per cent with a view to arrest the declining value of Indian rupee and contain the fiscal deficit to 3.7 per cent of the GDP. " customs duty on standard gold and platinum (increased) from 8 per cent to 10 per cent and on silver from 6 per cent to 10 per cent", said a notification issued by the Finance Ministry. Govt raises duty drawback rates for gold, silver jewellery ... The government has increased duty drawback rates for gold and silver jewellery, a move that would make Indian exports from these sectors more competitive in the global market.

“We have been pursuing our government constantly with a few concerns that require immediate attention, like reduction in import duty on precious metals gold/silver/platinum from 12.5% to 4%; reduction of import duty on cut and polished diamonds and gemstones from 7.5% to 2.5%; and an amendment in taxation laws enabling sale of rough diamonds.

The latest Gold and Silver news and commentary. India increases gold import duty. 2019-07-10T12:00:39 Liam Sheasby, News Editor 10 Jul 2019, noon The Indian government has increased the import duty on gold from 10% to 12.5% this week, in an attempt to address the nation’s deficit. Gold is the second largest import in value terms, behind fuel

Jul 5, 2019 * Hikes gold, silver import duty to 12.5% from 10%. * Duty hike makes smuggling of gold attractive. * Gold smuggling could rise to 200 

How to Import Gold Bars | Sapling.com Be sure to declare that the gold is being imported, specify the country of origin and exporting nation, and allow the customs officers to inspect the gold bars. Gold bars not clearly stamped with a country of origin or originating from a sanctioned nation will be denied entry and may be confiscated. Import duty on gold jewellery hiked to 15 % - The Hindu Sep 17, 2013 · The government on Tuesday increased the import duty on gold and silver jewellery to 15 per cent from 10 per cent to protect the domestic industry, although it … Gold prices rise today after falling ₹1,800 per 10 gram in ... Gold prices in India include 12.5% import duty and 3% GST. Silver also gained today with futures on MCX rising 1% to ₹ 40,932 per kg. Silver had crashed over ₹ 3,500 per kg in a single session Stewart Thomson: India's 'Interim' Finance Minister Is Pro ...

Budget 2019: Gold import duty hiked to 12.5% - The Hindu ...

1 day ago · Mar 04, 2020 · Jewellery industry urges govt to reduce import duty on gold, polished diamonds 13 Feb, 2020, 03:09PM IST "We have been pursuing with the government constantly with few concerns which require immediate attention, like reduction in import duty on precious metals -- gold, silver, platinum to 4 per cent from 12. economy. O.

Feb 13, 2020 · “We have been pursuing with the government constantly with few concerns which require immediate attention, like reduction in import duty on precious metals — gold, silver, platinum to 4 per India Cuts Import Tariff Gold Price | Gold News The Gold Price on which duties are based has been cut by 7.5% INDIA'S government has cut the import tariff value of gold from $573 per 10 grams to $530, writes MineWeb's Shivom Seth in Mumbai.. Though the decision was not taken due to the pressure from the Indian bullion industry, which has been protesting the duty hike, market men said it would provide a breather to the troubled industry. Indirect taxes taking sheen off gold and silver imports Such an import of gold and silver coins and bars may be brought into India upon payment of customs duty equivalent to 10.30%. However, in case of gold and silver jewellery, customs duty is payable