The government announced on January 22 an increase in import duties for gold and silver findings, as well as coins made of precious metals. The new duty rate is set at 15%, comprising a Basic Customs Duty (BCD) of 10% and an additional 5% under the Agriculture Infrastructure and Development Cess (AIDC). The hike does not impact the Social Welfare Surcharge (SWS) exemption.
‘Gold or silver findings’ refer to small components like hooks, clasps, clamps, pins, catches, or screw backs used in jewellery. Additionally, the government raised the import duty for spent catalysts containing precious metals, resulting in a new duty rate of 14.35%, with a BCD of 10% and 4.35% under AIDC. Similar to the previous case, this change also enjoys an exemption from the Social Welfare Surcharge (SWS).
Diese Geschichte stammt aus der January 24, 2024-Ausgabe von The Business Guardian.
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Diese Geschichte stammt aus der January 24, 2024-Ausgabe von The Business Guardian.
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