India raises gold and silver import duty to 15%, triggering a selloff in major jewellery stocks as markets weigh import costs and the rupee.
India has hiked the basic customs duty on gold to 10% and the Agriculture Infrastructure and Development Cess (AIDC) to 5%, pushing the overall import tax on gold and silver to 15% from 6%.…
India has hiked the basic customs duty on gold to 10% and the Agriculture Infrastructure and Development Cess (AIDC) to 5%, pushing the overall import tax on gold and silver to 15% from 6%. The move, aimed at curbing imports and protecting forex reserves, comes after broad expectations and
... Read full article.
India raises gold and silver import duty to 15%, triggering a selloff in major jewellery stocks as markets weigh import costs and the rupee.
India has hiked the basic customs duty on gold to 10% and the Agriculture Infrastructure and Development Cess (AIDC) to 5%, pushing the overall import tax on gold and silver to 15% from 6%.…
India has hiked the basic customs duty on gold to 10% and the Agriculture Infrastructure and Development Cess (AIDC) to 5%, pushing the overall import tax on gold and silver to 15% from 6%. The move, aimed at curbing imports and protecting forex reserves, comes after broad expectations and
... Read full article.
India raises gold and silver import duty to 15%, triggering a selloff in major jewellery stocks as markets weigh import costs and the rupee.
India has hiked the basic customs duty on gold to 10% and the Agriculture Infrastructure and Development Cess (AIDC) to 5%, pushing the overall import tax on gold and silver to 15% from 6%.…
India has hiked the basic customs duty on gold to 10% and the Agriculture Infrastructure and Development Cess (AIDC) to 5%, pushing the overall import tax on gold and silver to 15% from 6%. The move, aimed at curbing imports and protecting forex reserves, comes after broad expectations and
... Read full article.
