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Tariff value on gold, silver raised

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Press Trust Of India New Delhi

In the wake of rising global prices of precious metals, the government on Thursday raised the tariff value of gold and silver to USD 573 per ten gram and USD 1145 per kg, respectively.

The tariff value, which is released fortnigthly, is the base price on which the customs duty is determined to prevent under-invoicing.

During February, the tariff value of gold stood at USD 556 per ten gram and of silver at USD 1,067 per kg.

 

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First Published: Mar 02 2012 | 1:08 AM IST

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