which date of each month is custom duty decided by government for Gold and Silver?
Which Date of Each Month is Custom Duty Decided by the Government for Gold and Silver? – A Detailed Analysis Custom duty plays a significant role in determining the final price of imported gold and silver in India. As India is one of the largest consumers of gold and silver globally, the government's policies regarding import duties on these precious metals directly affect the jewelry market, investors, and even the general public. One common question that arises, particularly among bullion dealers, jewelers, importers, and investors, is: "On which date of each month is the custom duty for gold and silver decided by the government?" This article offers an in-depth look at the schedule, authority, and implications of custom duty determinations on gold and silver in India. Understanding Custom Duty on Gold and Silver Custom duty is a type of indirect tax levied on goods imported into or exported from a country. In India, the custom duty on gold and silver includes s...