Tariff Value of Gold Hiked
GOVERNMENT has hiked the Tariff Value of Gold from 501 to 531 dollars per 10 grams. There is no change in the Tariff Value of other items including silver. Now there would be no incentive in importing gold on payment of duty as the price would be same abroad and in India. This may lead to a spurt in smuggling and corruption.
Notification No. Dated June 07 2012