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Gold & silver tariff value raised
Posted on: 15/Feb/2014 2:40:15 PM
The government on Friday has raised the import tariff value on gold and silver to $421 per 10 grams and $663 a kg, respectively, taking into account the volatility in the global prices.
The import tariff value is the base price at which the customs duty is determined to prevent under-invoicing. The tariff value is revised on a fortnightly basis after analysing the global price trend. Previously, the tariff value on imported gold was at $404 per 10 grams, while on silver it stood at $635 a kg.
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