Gold Duty Hike
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India Hit By Emerging Market Investor Exodus As Rupee Tumbles
Investors reeling from the brutal emerging markets selloff over the past six months again fled the rupee as India's currency hit new lows, prompting the government to curb gold imports and oil exports to arrest a widening deficit.
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Gold Import Tax Hike To Fuel Smuggling, Please Reconsider Decision: Industry Bodies
Jewellery and industry experts on Friday said the increase in import duty on gold to 15 per cent will fuel smuggling and urged the government to review the tariff rate on the yellow metal.
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Carnage For Reliance, ONGC Shares After Hike In Fuel Export Duty And Windfall Tax
Reliance Industries and ONGC shares were hammered on Friday after thegovernment imposed export taxes on petrol, diesel and a windfall tax on domestic crude oil to boost internal supplies.
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Centre Hikes Gold Import Tax To 12.5% As Rupee Hits Record Low
Gold Import Tax: India has raised its basic import duty on gold to 12.5% from 7.5%, the government said on Friday, as the world's second biggest consumer of the precious metal tries to dampen its demand and bring down the trade deficit.
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Jewellery Industry Hit By "Recession", Job Losses Likely: Industry Body
In the Union Budget for 2019-20, customs duty on imported gold was raised from 10 per cent to 12.5 per cent.
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Gold Discount At Three-Year Peak After Import Duty Hike: Report
Finance Minister Nirmala Sitharaman raised the import duties on gold and other precious metals to 12.5 per cent from 10 per cent in her first budget on Friday.
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Tax For Wealthy, Focus On Poor: Nirmala Sitharaman's Budget In 10 Points
Finance Minister Nirmala Sitharaman raised taxes for the super-rich and hiked duties on fuel, gold and automobile parts in her first Budget on Friday, in measures aimed at tackling a five-year low in growth while tightening fiscal consolidation. To restart investment, Prime Minister Narendra Modi's government also eased FDI in the insurance and avi...
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Gold Tax Hike Fuels Smuggling Fears; May Hit Festival, Wedding Season
The import tax on gold and other precious metals will be raised to 12.5 per cent from 10 per cent, Finance Minister Nirmala Sitharaman said
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Budget 2019: Gold Prices Go Up As Customs Duty Raised For First Time In 6 Years
Customs duty on gold and other precious metals were raised for the first time in six years today as Finance Minister Nirmala Sitharaman announced an increase in import duty from the current 10 per cent to 12.5 per cent while presenting her first Budget.
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Gold Prices Rise To 1-Year High, Rupee Slides To 3-Week Low: 10 Points
Global gold prices have held close to their one-year high levels as geopolitical risks over North Korea remained elevated. Domestic gold prices too have risen to their highest levels this year (year-to-date) around Rs 30,500, tracking higher global prices. Meanwhile, the rupee fell to a three-week low against the US dollar, sliding to 64.26 against...
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Falling Trade Deficit Opens Space To Reduce Gold Import Duty: Official
Government raised import duties on gold to 10 percent in a series of hikes to August 2013, looking to curb demand to narrow a gaping current account deficit.
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In Relief To Jewellers, Small Scale Industry Exemption Limit Hiked
In a relief to jewellers, the government has increased Small Scale Industry (SSI) exemption limit to Rs 10 crore from Rs 6 crore, waived off the levy on sale of traded goods and relaxed various procedural norms.
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Government Hikes Import Tariff Value on Gold, Silver
The import tariff value is the base price at which the customs duty is determined.
-
Government Hikes Import Tariff Value on Gold, Silver
The government on Wednesday hiked the import tariff value on gold to $388 per 10 grams and that on silver to $487 per kg taking cues from global market.
-
Government Hikes Import Tariff Value on Gold
The government on Friday hiked the import tariff value on gold to $363 per 10 gram in line with global prices. The import tariff value on silver, however, was reduced to $443 per kg.
-
India Hit By Emerging Market Investor Exodus As Rupee Tumbles
Investors reeling from the brutal emerging markets selloff over the past six months again fled the rupee as India's currency hit new lows, prompting the government to curb gold imports and oil exports to arrest a widening deficit.
-
Gold Import Tax Hike To Fuel Smuggling, Please Reconsider Decision: Industry Bodies
Jewellery and industry experts on Friday said the increase in import duty on gold to 15 per cent will fuel smuggling and urged the government to review the tariff rate on the yellow metal.
-
Carnage For Reliance, ONGC Shares After Hike In Fuel Export Duty And Windfall Tax
Reliance Industries and ONGC shares were hammered on Friday after thegovernment imposed export taxes on petrol, diesel and a windfall tax on domestic crude oil to boost internal supplies.
-
Centre Hikes Gold Import Tax To 12.5% As Rupee Hits Record Low
Gold Import Tax: India has raised its basic import duty on gold to 12.5% from 7.5%, the government said on Friday, as the world's second biggest consumer of the precious metal tries to dampen its demand and bring down the trade deficit.
-
Jewellery Industry Hit By "Recession", Job Losses Likely: Industry Body
In the Union Budget for 2019-20, customs duty on imported gold was raised from 10 per cent to 12.5 per cent.
-
Gold Discount At Three-Year Peak After Import Duty Hike: Report
Finance Minister Nirmala Sitharaman raised the import duties on gold and other precious metals to 12.5 per cent from 10 per cent in her first budget on Friday.
-
Tax For Wealthy, Focus On Poor: Nirmala Sitharaman's Budget In 10 Points
Finance Minister Nirmala Sitharaman raised taxes for the super-rich and hiked duties on fuel, gold and automobile parts in her first Budget on Friday, in measures aimed at tackling a five-year low in growth while tightening fiscal consolidation. To restart investment, Prime Minister Narendra Modi's government also eased FDI in the insurance and avi...
-
Gold Tax Hike Fuels Smuggling Fears; May Hit Festival, Wedding Season
The import tax on gold and other precious metals will be raised to 12.5 per cent from 10 per cent, Finance Minister Nirmala Sitharaman said
-
Budget 2019: Gold Prices Go Up As Customs Duty Raised For First Time In 6 Years
Customs duty on gold and other precious metals were raised for the first time in six years today as Finance Minister Nirmala Sitharaman announced an increase in import duty from the current 10 per cent to 12.5 per cent while presenting her first Budget.
-
Gold Prices Rise To 1-Year High, Rupee Slides To 3-Week Low: 10 Points
Global gold prices have held close to their one-year high levels as geopolitical risks over North Korea remained elevated. Domestic gold prices too have risen to their highest levels this year (year-to-date) around Rs 30,500, tracking higher global prices. Meanwhile, the rupee fell to a three-week low against the US dollar, sliding to 64.26 against...
-
Falling Trade Deficit Opens Space To Reduce Gold Import Duty: Official
Government raised import duties on gold to 10 percent in a series of hikes to August 2013, looking to curb demand to narrow a gaping current account deficit.
-
In Relief To Jewellers, Small Scale Industry Exemption Limit Hiked
In a relief to jewellers, the government has increased Small Scale Industry (SSI) exemption limit to Rs 10 crore from Rs 6 crore, waived off the levy on sale of traded goods and relaxed various procedural norms.
-
Government Hikes Import Tariff Value on Gold, Silver
The import tariff value is the base price at which the customs duty is determined.
-
Government Hikes Import Tariff Value on Gold, Silver
The government on Wednesday hiked the import tariff value on gold to $388 per 10 grams and that on silver to $487 per kg taking cues from global market.
-
Government Hikes Import Tariff Value on Gold
The government on Friday hiked the import tariff value on gold to $363 per 10 gram in line with global prices. The import tariff value on silver, however, was reduced to $443 per kg.
