India News : Duties on gold, platinum & silver raised
- 5 years ago
India News : The government today increased customs duty on gold, platinum and silver to 10% to curb their imports to rein in current account deficit (CAD) at the targeted level of 3.7% of the GDP this financial year against the record 4.8% in 2012-13.
The increase will give the exchequer an additional Rs 4,830 crore, but the step drew flak from jewellers who said the move would increase gold smuggling and raise gold prices by Rs 600 per 10 gm.
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The increase will give the exchequer an additional Rs 4,830 crore, but the step drew flak from jewellers who said the move would increase gold smuggling and raise gold prices by Rs 600 per 10 gm.
For More information on this news visit: http://www.itvnewsindia.com/
Connect with us on Social platform at: http://www.facebook.com/IndiaNewsTV
Subscribe to our You Tube channel:http://www.youtube.com/itvnewsindia