|Chennai||Rs. 27580.00 (0.18%)|
|Mumbai||Rs. 28700.00 (0%)|
|Delhi||Rs. 27700.00 (0.73%)|
|Kolkata||Rs. 28270.00 (0%)|
|Kerala||Rs. 27050.00 (0.74%)|
|Bangalore||Rs. 27350.00 (1.11%)|
|Hyderabad||Rs. 27660.00 (1.21%)|
The government today slashed the import tariff value of gold to $535 per 10 g and reduced the rate for silver marginally to $1,003 per kg due to weakening global prices of precious metals.
The tariff value is the base price on which the customs duty is determined to prevent under-invoicing.
In the last fortnight, the tariff value of gold was $545 per 10 gram, while silver was $1,018 per kg. The Central Board of Excise and Customs (CBEC) issued a notification in this regard.
However, the government has increased the import tariff value of RBD palmolein to $912 from $870 per tonne in the last fortnight, while the tariff value of brass scrap was lowered to $4,074 from $4,077 per tonne.