Gold Duty Raised After Studying Smuggling Impact

Gold Duty Raised After Studying Smuggling Impact

Monday, July 08, 2019
NEWDELHI: The decision to raise import duty on gold in the UnionBudget was taken after a careful consideration, including its likely impact on smuggling of gold, a top official said. Finance minister NirmalaSitharaman hiked import duty on gold in the budget to 12.5 per cent from 10 per cent. “The decision has been carefully taken.

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