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FinMin Raises Import Duties On Gold, Silver Findings, Coins Of Precious Metals To 15%

Gold or silver findings are a small component such as a hook, pin, screw that holds the whole or a part of a piece of jewellery in place. ....

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A lowering of import duty on gold is long overdue

By bringing the import duty on gold back down to 2%, the government could squeeze out the space for smuggling, improve tax compliance, and encourage larger remittances ....

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Centre Imposes Import Duty on Gold, Cess on Petro Product Exports

The Central government hiked import duty on gold to 15% from 10.75% currently to ease pressure on the current account deficit (CAD) due to surging gold imports. The Centre also imposed a special additional excise duty of ₹6 per litre on exports of petrol and ₹13 per litre on exports of diesel. ....

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Union Budget 2021: What Was In It For You And Me

Budget 2021: What Was In It For You And Me
Among the major announcements for the general public were ITR exemptions for pensioners over 75, extension for deduction on interest paid on home loans and quicker access to bank deposit insurance
Updated: February 01, 2021 9:35 pm IST
Budget 2021 is expected to make mobile phones and chargers more expensive (File)
New Delhi:
Finance Minister Nirmala Sitharaman presented her (union) budget like no other - a budget that would have to stimulate economic growth amid the worst global health crisis in 100 years - on Monday morning, with most (if not all) of India s 130 crore people listening intently. ....

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