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The Government today raised the import tariff value of gold at $430 per 10 grams and that of silver to $639 per kg as prices of the precious metals have risen in the global market.
Tariff value – the base price on which the customs duty is determined to prevent under-invoicing – of gold and silver was $416 per 10 gram and $638 per kg, respectively earlier.
The notification, issued by the Central Board of Excise and Customs, has come on a day when gold prices regained the Rs 29,000 level after nearly four months by surging Rs 755 to Rs 29,200 per 10 grams in the national capital.
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