No more tax relief for importing gold, silver and platinum: What does it mean? Will buyers pay more?
· livemint.com
The government has withdrawn the upfront IGST exemption for banks and nominated agencies importing precious metals. Since 1 April 2026, these imports have been subject to a 3% customs levy.
The government has ended tax relief for banks importing gold, silver and platinum. Banks must now pay 3% Integrated Goods and Services Tax, or IGST, upfront.
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