India lifts the customs tariff value of gold to a record 1,500 dollars per 10 grams, raising the effective import tax base as bullion prices surge ahead of the festival season NEW DELHI, August 29, 2026 India has sharply raised the benchmark price on which customs duty on imported gold is calculated, lifting the tariff…
India’s indirect tax board has lifted the benchmark customs value used to tax gold imports, tightening the duty floor under the world’s second largest bullion market at a moment of record global prices, a steep new 15 percent import duty, and a widening national trade deficit. NEW DELHI, August 28, 2026. India’s Central Board of…
India’s customs board has lifted the notified base value used to tax gold imports to a record 1,500 dollars per 10 grams, tightening the squeeze on the world’s second largest bullion market just as global prices flirt with all time highs. NEW DELHI, August 27, 2026. India’s Central Board of Indirect Taxes and Customs (CBIC)…
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