Gold, silver import duty raised to 15% in bid to secure forex
The Central government Wednesday hiked the customs duty on gold and silver imports from 5% to 10%, and Agriculture Infrastructure and Development Cess (AIDC) from 1% to 5%, taking the total effective import duty to 15%. This may be the first of a series of measures to bring stability to the capital account and prevent the rupee from further depreciation.… Continue reading "Gold, silver import duty raised to 15% in bid to secure forex"