Wednesday, July 16th 01:32 PM IST

India cuts import tariff value on Gold to $425/10 grams

# India Gold  # Gold Import  # Import Tariff  # Silver  

During the first fortnight of this month, tariff value on imported gold stood at $428 per 10 grams and silver at $688 per kg.

MUMBAI (Bullion Street): The government of India has reduced import tariff value on gold to 425 per 10 grams while tariff value on silver raised to 690 per kilogram, latest notification by the Ministry of Finance showed on Wednesday.

During the first fortnight of this month, tariff value on imported gold stood at $428 per 10 grams and silver at $688 per kg.

The import tariff value - base price at which customs duty is determined to prevent under-invoicing is revised on a fortnightly basis, taking into account the volatility in global prices.

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