Centre raises import duty on gold, silver findings by 15%. Here's why
“Gold or silver findings” means a small component like hook, clasp, clamp, pin, catch, screw back used to hold the whole or a part of a piece of jewellery.
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“Gold or silver findings” means a small component like hook, clasp, clamp, pin, catch, screw back used to hold the whole or a part of a piece of jewellery.
The government has increased import duties on gold and silver finding and coins to 15%, including basic custom duty and ADIC. The new rates will be effective January 22. The government also increased import duties on silver dore, bars, and articles to align with gold and platinum import duties.
A logistics centre in Colombo Port with China's CM Ports, Sri Lanka Ports Authority and Access Engineering will get a 15-year tax holiday, according to a gazette notice.
India's governments at the central and state level, particularly those ruled by Opposition parties, share a rather fraught relationship. And while politics plays its role, the power the Centre exerts over the availability and sharing of monetary resources is also a considerable factor.
The Central Board of Indirect Taxes and Customs (CBIC) has exempted the imports of yellow peas from basic customs duty (BCD) and Agriculture Infrastructure and Development Cess (AIDC) up to March 31,...