Customs Duty on Articles of Jewellery and of Goldsmiths or Silversmiths' Wares Revised from 10 % to 15%

As part of measures to contain the current account deficit, the customs duty on gold has been revised upwards periodically in the past two years. Prior to 17th January 2012, the import duty on standard gold (of purity 99.5% above) was Rs. 300 per 10 gm. The duty was raised to 2% w.e.f. 17th Janu

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Customs Duty on Articles of Jewellery and of Goldsmiths or Silversmiths' Wares Revised from 10 % to 15%

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