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).
Bu hikaye The Business Guardian dergisinin January 24, 2024 sayısından alınmıştır.
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Bu hikaye The Business Guardian dergisinin January 24, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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AAP blames officials for negligence
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CM ATISHI HITS OUT AT CENTRE AS POLLUTION SOARS IN NORTH INDIA
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LG orders staggered office hours
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Air purifier, mask sales up in Delhi-NCR
\"At this level, wearing an N95 mask is not an option but a necessity. Even healthy individuals can fall victim to health complications\"
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