Import Duty on Gold & Platinum Raised by 6 Percent by Government of India vide CBEC Notification no: 01/2013 dt:21/01/2013

Dated 22^nd January 2013

Government of India has increased the import duty on gold and platinum from 4 per cent to 6 per cent with immediate effect. Copy of relevant notification (CBEC Notification no: 01/2013 dt:21/01/2013 is mentioned below).

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification
No. 1 /2013-Customs
New Delhi, the 21st January, 2013
G.S.R. (E). – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 12/2012-Customs, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 185(E) dated the 17th March, 2012, namely: –
In the said notification, in the Table,-
(i) against S. No. 116, for the entry in column (5), the entry “4%” shall be substituted;
(ii) against S. No. 318, for the entry in column (5), the entry “4%” shall be substituted;
(iii) in S. No. 321, against item (i), for the entry in column (4), the entry “6%” shall be substituted;
(iv) against S. No. 323, for the entry in column (4), the entry “6%” shall be substituted;
(v) against S. No. 328, for the entry in column (4), the entry “6%” shall be substituted;
[F. No. B-1/5/2012-TRU]
[Raj Kumar Digvijay]
Under Secretary to the Government of India
Note.- The principal notification No. 12/2012-Customs, dated the 17th March, 2012 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 185(E) dated the 17th March, 2012 and was last amended vide notification No-. 62/2012-Customs dated the 21st December, 2012 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.921 (E) dated 21st December, 2012.

SOURCE: GOVT. OF INDIA, Ministry of Finance