Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Government Hikes Import Tariff Value on Gold.


Date: 17-10-2014
Subject: Government Hikes Import Tariff Value on Gold
New Delhi: The government today hiked import tariff value on gold to $401 per 10 grams but kept the tariff unchanged for silver at $575 per kg, following global price trends.

For the first fortnight of this month, the tariff value on imported gold was fixed at $396 per 10 grams.

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

The increase in tariff value on imported gold has been notified by the Central Board of Excise and Customs, an official statement said.

Gold in New York, which normally sets price trend on the domestic front, increased by 0.72 per cent to trade at five-week high of $1,241.10 an ounce and silver by 0.32 per cent to $17.45 an ounce in yesterday's trade.

Gold is the second largest import item for India after petroleum. Gold import increased for the second straight month to 95 tonnes in September ahead of festival season.

The government has imposed several restrictions to curb imports to contain current account deficit (CAD). Import duty on gold was increased thrice to a record 10 per cent last year and made it mandatory to export 20 per cent of the imported gold.

Source : profit.ndtv.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 18-09-2025
Corrigendum
Corrigendum to Notification No. 9/2025 – Central Tax (Rate) dated 17.09.2025

Date: 17-09-2025
Notification No. 13/2025-Central Tax (Rate)
Seeks to amend Notification No. 21/2018- Central Tax (Rate) dated 26.07.2018.

Date: 17-09-2025
Notification No. 14/2025-Central Tax (Rate)
Seeks to notify GST rate for bricks.

Date: 17-09-2025
Notification No. 37/ 2025-Customs
Seeks to amend Notification No.19/2019-Customs dated 06.07.2019

Date: 17-09-2025
Notification No. 38/ 2025-Customs
Seeks to amend Notification No.29/2025-Customs dated 09.05.2025

Date: 17-09-2025
Notification No. 39/2025-Customs
Seeks to amend Notification No.50/2017-Customs, dated 30.06.2017

Date: 17-09-2025
NOTIFICATIONNo. 15/2025 – Central Tax
Seeks to exempt taxpayer with annual turnover less than Rs 2 Crore from filing annual return.

Date: 17-09-2025
NOTIFICATION No. 16/2025–Central Tax
Seeks to notify clauses (ii), (iii) of section 121, section 122 to section 124 and section 126 to 134 of Finance Act, 2025 to come into force.

Date: 17-09-2025
Notification No. 12/2025-Central Tax (Rate)
Seeks to amend Notification No. 8/2018- Central Tax (Rate) dated 25.01.2018.

Date: 17-09-2025
NOTIFICATION No. 14/2025 – Central Tax
Seeks to notify category of persons under section 54(6).



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001