Gold Import

India raises import duty on gold, silver jewellery findings

Indian government has increased the import duty on gold and silver findings15% from 11%, effective from January 22

Govt should allow duty-free import of gold

The government should facilitate the gold sector’s growth by allowing duty free imports through private sector entrepreneurs, said noted economist Ahsan H Mansur yesterday. 

Baggage tax on gold likely to be same as import

The National Board of Revenue (NBR) is planning to increase the amount of tax payable for gold brought in under baggage rules in order to encourage legal import of gold and use of legal channels for remittance transfers. 

5% advance tax on gold import goes

The government is set to withdraw a 5 per cent advance tax on the import of gold in the fiscal year of 2022-23 to encourage the import of the precious metal through formal channels and discourage smuggling.

January 23, 2024
January 23, 2024

India raises import duty on gold, silver jewellery findings

Indian government has increased the import duty on gold and silver findings15% from 11%, effective from January 22

August 14, 2023
August 14, 2023

Govt should allow duty-free import of gold

The government should facilitate the gold sector’s growth by allowing duty free imports through private sector entrepreneurs, said noted economist Ahsan H Mansur yesterday. 

May 18, 2023
May 18, 2023

Baggage tax on gold likely to be same as import

The National Board of Revenue (NBR) is planning to increase the amount of tax payable for gold brought in under baggage rules in order to encourage legal import of gold and use of legal channels for remittance transfers. 

June 9, 2022
June 9, 2022

5% advance tax on gold import goes

The government is set to withdraw a 5 per cent advance tax on the import of gold in the fiscal year of 2022-23 to encourage the import of the precious metal through formal channels and discourage smuggling.

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