Gold, silver, platinum duty earns govt Rs 10,463 crore since May 13
· economictimes.indiatimes.com
Government collected Rs 10,463 crore in customs duty on precious metal imports. Gold imports generated Rs 10,040 crore, while silver and platinum added Rs 423 crore. Import duties on gold and silver were raised to fifteen percent in May. This move aimed to curb discretionary imports and conserve foreign exchange reserves. Authorities also seized 161 kg of smuggled gold and made arrests.
Import duty raised in May
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161 kg smuggled gold seized
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