Latest Agriculture Infrastructure and Development Cess (AIDC) News & Updates

Government Raises Customs Duties on Gold and Silver to 15%

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New Delhi, May 13 (IANS) The government on Wednesday announced a hike in customs duties on gold and silver to 15 per cent from 6 per cent as policymakers move to contain pressure on India’s foreign exchange reserves and the external account amid the ongoing West Asia conflict.Moreover, the revised duty on platinum imports has been raised to 15.4 per cent from 6.4 per cent.According to official changes, the revised structure imposes a 10 per cent basic customs duty along with a 5 per cent Agric…