India has raised import duties on gold and silver to 15% from 6% to curb imports and reduce pressure on foreign exchange reserves. The new structure includes a 10% basic customs duty and a 5% Agriculture Infrastructure and Development Cess. For the full story, visit the source.
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India raises gold and silver tariffs to 15% to curb imports, support rupee
India has raised import duties on gold and silver to 15% from 6% to curb imports and reduce pressure on foreign exchange reserves. The new structure includes a 10% basic customs duty and a 5% Agriculture Infrastructure and Development Cess.
By Reuters· The Times of India· 2 days ago· 2 min read
This summary is sourced from The Times of India. Read the full article at:The Times of India