import duty on gold in india 2020

Budget 2021: Govt Reduces Custom Duty on Gold and Silver

Last Updated On February 1, 2021 8:19 PM by Neal Bhai

Budget 2021: Finance Minister Nirmala Sitharaman announced that the custom duty on gold and silver will be rationalised to bring them closer to previous levels. The move will reduce the prices of the precious metals.

Gold News Today – Bullion Industry Expects Reduction in Import Duty on Gold

Last Updated On August 23, 2024 4:03 PM by Neal Bhai

The bullion industry expects the government to announce significant reduction in import duty on gold in the upcoming Budget 2020. It must be noted that gold imports are curren jewellery industry tly levied customs duty of 12.5% and an additional 3% as GST.