CBIC amends the exemption percentage for gold, silver, and platinum under Customs Tariff Act, 1975.

The Central Board of Indirect Taxes vide its notification dated 17th February 2021 has amended its earlier notification dated 8th May 2020 on exemption of gold, silver, and platinum from the Customs Tariff Act, 1975.

Through this amendment, the table in the earlier notification which specifies the exemption percentage has been substituted for the entry 11.85% to 6.9% and 11.00% to 6.1%.

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