Import tariff value of gold slashed further to USD 417 per ten gram

The government further slashed the import tariff value of gold to USD 417 per ten gram, while it was kept unchanged for imported silver at USD 738 per kg, in line with global trend.

The import tariff value is the base price at which the customs duty is determined to prevent under-invoicing. The tariff value on imported gold stood at USD 440 per 10 grams earlier.

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