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From: heinz44	11/30/2013 10:06:30 PM
	of 233843

Indian Government slashes tariff value on imported gold & silver By PTI \| 29 Nov, 2013, 07.52PM IST NEW DELHI: The government today slashed the import tariff value on gold and silver to $405 per ten gram and $642 per kg, respectively, in line with global trends. The import tariff value is the base price at which the customs duty is determined to prevent under-invoicing. The tariff value on imported gold stood at $414 per 10 grams, while on silver at $672 per kg till yesterday. The notification in this regard has been issued by the Central Board of Excise and Customs ( CBEC), an official statement said. Besides precious metals, the tariff value on imported brass scrap has also been reduced to $3906 per tonne from $3995 per tonne. However, import tariff value on areca nut and some vegetables has been kept unchanged. More…

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