Sunday, 2 June 2013

The Times of India: Government hikes import tariff value of gold to $459/10 grams

Keeping in view the volatile price trend in global bullion market, the government has raised the import tariff value of gold to USD 459 per 10 grams, while it has been slashed at USD 737 per kg for silver imports.

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

Last month, the tariff value of gold was at $440 per 10 grams and silver at $761 per kg.

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