Gold import tariff value slashed

November 13, 2013 08:38 pm | Updated November 16, 2021 08:01 pm IST - NEW DELHI:

The government on Wednesday further slashed the import tariff value of gold to $417 per 10 gram, while it was kept unchanged for silver at $738 a kg, in line with global trend.

The import tariff value is the base price at which the customs duty is determined to prevent under-invoicing. The tariff value on imported gold stood at $440 per 10 gram on Tuesday.

However, the tariff value on imported silver, brass scrap, vegetable oils and areca nut has been kept unchanged.

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