⚡Centre Revises Customs Duty on Precious Metals; Puts 5% Duty on Gold, Silver, Platinum Findings

The Ministry of Finance has updated the customs duty rates for various precious metals and jewellery findings, which comes into effect today, May 13. Under the revised schedule, gold and silver findings will now attract a 5 per cent duty, while platinum findings are set at a rate of 5.4 per cent.