Govt Raises Import Tariff Value on Gold & Silver
The government on Wednesday increased the import tariff value on gold and silver to $408 per 10 gm and $520 per kg, respectively, in line with global prices. For the first fortnight of this month, the import tariff value on gold was fixed at $402 per 10 gm and on silver was $502 per kg. The change in tariff value of these precious metals has been notified by the Central Board of Excise and Customs. The import tariff value of gold and silver has been changed taking into account the price trend in the global market and rupee situation.