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.
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.
