Increase in gold tariff value
Posted on: 02/Oct/2013 5:39:38 PM
The import tariff value of gold is increased by the government on Tuesday. The tariff has increased from $432 to $436 for each 10 grams of gold. At the same time, the import rate is decreased from $736 a kg to $702.
It is to be noted that tariff value is the value that determines the customs duty which in turn is used for preventing under invoicing. In addition, the government has also increased the tariff of brass scrap, crude palm, etc.
