CBIC issues revised rates of customs duty payable upon import of precious metals

The Central Board of Indirect Taxes and Customs vide notification dated 22nd January, 2024 has issued the revised rates of customs duty payable upon import of following products:

  1. Spent catalyst or ash containing precious metals: 4.35%
  2. Gold or silver findings: 5%
  3. Coins of precious metals: 5%

The revised rates shall replace the existing rates with immediate effect.

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