(Relevant from
17.01.2012).
Goverment has changed the import duty on GOLD to 2% of value from the sooner straight Rs 30,000 per kilogram.
Every day custom will flash the price.
Eg. As on (01.17.2012)
GOLD : 52,600 * 53.25 (3rd JANUARY price, which will be valued for full month) = 28,00,000 * 2% = 56,019 + 3% ( Educational Tax ) = 57,680 wil be the duty.
Goverment has changed the import duty on GOLD to 2% of value from the sooner straight Rs 30,000 per kilogram.
Every day custom will flash the price.
Eg. As on (01.17.2012)
GOLD : 52,600 * 53.25 (3rd JANUARY price, which will be valued for full month) = 28,00,000 * 2% = 56,019 + 3% ( Educational Tax ) = 57,680 wil be the duty.
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