• Sensex72404.17-1062.22(-1.44%)
  • Nifty21957.5-345(-1.54%)
  • USDINR83.50.03(0.03%)
Online tarding Partner With Us
BSE Prices delayed by 5 minutes ! Prices as on   May 09, 2024   ABB India 6989.1 [ -2.79% ]ACC 2412.7 [ -1.14% ]Ambuja Cements 574.3 [ -3.37% ]Asian Paints Ltd. 2711 [ -4.68% ]Axis Bank Ltd. 1115.2 [ -1.21% ]Bajaj Auto 8845.25 [ 1.08% ]Bank of Baroda 262.65 [ -0.02% ]Bharti Airtel 1275.6 [ -1.02% ]Bharat Heavy Ele 273.1 [ -4.61% ]Bharat Petroleum 592.3 [ -4.58% ]Britannia Ind. 5072.1 [ -3.05% ]Cipla 1358.8 [ -1.88% ]Coal India 443.35 [ -4.52% ]Colgate Palm. 2765.5 [ -2.29% ]Dabur India 552.6 [ -0.73% ]DLF Ltd. 837.1 [ -1.80% ]Dr. Reddy's Labs 5879.05 [ -2.93% ]GAIL (India) 193.1 [ -4.03% ]Grasim Inds. 2356.6 [ -0.91% ]HCL Technologies 1324.1 [ 0.80% ]HDFC 2729.95 [ -0.62% ]HDFC Bank 1448.3 [ -2.29% ]Hero MotoCorp 4762.15 [ 2.98% ]Hindustan Unilever L 2324.95 [ -0.66% ]Hindalco Indus. 618.2 [ -2.49% ]ICICI Bank 1115.55 [ -0.66% ]IDFC L 111.4 [ -2.11% ]Indian Hotels Co 550.5 [ -2.34% ]IndusInd Bank 1402.2 [ -2.88% ]Infosys L 1438.75 [ 0.80% ]ITC Ltd. 425.2 [ -3.56% ]Jindal St & Pwr 922.05 [ -2.40% ]Kotak Mahindra Bank 1642.25 [ -0.39% ]L&T 3276.15 [ -6.00% ]Lupin Ltd. 1584.25 [ -1.95% ]Mahi. & Mahi 2212.15 [ 1.37% ]Maruti Suzuki India 12516.35 [ -0.20% ]MTNL 34.49 [ -3.42% ]Nestle India 2512.3 [ -1.03% ]NIIT Ltd. 98.85 [ -1.79% ]NMDC Ltd. 253.05 [ -5.17% ]NTPC 346 [ -2.71% ]ONGC 265.7 [ -4.01% ]Punj. NationlBak 122.05 [ -2.36% ]Power Grid Corpo 296.1 [ -1.92% ]Reliance Inds. 2786.8 [ -1.77% ]SBI 819.65 [ 1.14% ]Vedanta 394.6 [ -2.59% ]Shipping Corpn. 206.65 [ -2.55% ]Sun Pharma. 1493.35 [ -1.85% ]Tata Chemicals 1044.4 [ -3.25% ]Tata Consumer Produc 1082.7 [ -2.86% ]Tata Motors 1030.15 [ 1.77% ]Tata Steel 162 [ -2.44% ]Tata Power Co. 413.65 [ -5.01% ]Tata Consultancy 3960.05 [ -0.32% ]Tech Mahindra 1267.5 [ -1.48% ]UltraTech Cement 9446.45 [ -0.75% ]United Spirits 1194.65 [ -3.43% ]Wipro 454.95 [ -1.72% ]Zee Entertainment En 132 [ -1.93% ]
BSE

MARKETS

News Details

( As on 23/01/2024 19:51)

Govt raises import duty on gold, silver findings to 15%

The government has increased import duty on gold and silver findings and coins to 15 per cent by imposing a 5 per cent Agriculture Infrastructure Development Cess (AIDC).

An AIDC of 4.35 per cent has also been levied on 'spent catalyst or ash containing precious metals', said a notification of the Central Board Of Indirect Taxes & Customs (CBIC).

AIDC has been imposed in addition to the basic customs duty of 10 per cent with an aim to bring the incidence of import duty on precious metals at par with bullion.

'Gold or silver findings' means a small component such as hook, clasp, clamp, pin, catch, or screw back, used to hold the whole or a part of a piece of jewellery.

The additional duty came into effect from January 22. In the 2021-22 Budget, the government had introduced AIDC cess on certain items to fund agricultural infrastructure.