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Gold import duty
July 8 , 2022
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- The government has hiked gold import duty to 15 per cent from 10.75 per cent.
- It aims to check the current account deficit (CAD) and rising import of the yellow metal.
- Earlier, the basic customs duty on gold was 7.5 per cent, now it will be 12.5 per cent.
- Along with the agriculture infrastructure development cess (AIDC) of 2.5 per cent, the effective gold customs duty will be 15 per cent.
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