Customs duty on gold and silver

Duty on Import of Standard Gold

(i) Gold bars, other than tola bars, bearing manufacturer's or refiner's engraved serial number and weight expressed in metric units, and gold coins having gold content not below 99.5%, imported:

Effective Date	Tariff Value in US $ for 10 grams	Exchange Rate	Value in Rs. for 10 grams	Basic Duty in Rs. for 10 grams	Education Cess in Rs. for 10 grams	Total Duty in Rs. for 10 grams
08-06-2012 -	531	55.55	29497	1180	35	1215
07-06-2012 - 07-06-2012	531	55.95	29709	1188	36	1224
31-05-2012 - 06-06-2012	501	55.95	28031	1121	34	1155

 

Duty on Import of Non-Standard Gold

(ii) Gold in any form other than (i), including tola bars and ornaments, but excluding ornaments studded with stones or pearls:

Effective Date	Tariff Value in US $ for 10 grams	Exchange Rate	Value in Rs. for 10 grams	Basic Duty in Rs. for 10 grams	Education Cess in Rs. for 10 grams	Total Duty in Rs. for 10 grams
08-06-2012 -	531	55.55	29497	2950	88	3038
07-06-2012 - 07-06-2012	531	55.95	29709	2971	89	3060
31-05-2012 - 06-06-2012	501	55.95	28031	2803	84	2887

 

Duty on Import of Silver

Silver, in any form including ornaments, but excluding ornaments studded with stones or pearls, imported by the eligible passenger:

Effective Date	Tariff Value in US $ for 1 kilogram	Exchange Rate	Value in Rs. for 1 kilogram	Basic Duty in Rs. for 1 kilogram	Education Cess in Rs. for 1 kilogram	Total Duty in Rs. for 1 kilogram
08-06-2012 -	899	55.55	49939	2996	90	3086
07-06-2012 - 07-06-2012	899	55.95	50299	3018	91	3108
31-05-2012 - 06-06-2012	899	55.95	50299	3018	91	3108

Customs duty on gold and silver on a day-to-day basis has been made available on the "Home" page of  http://www.referencer.in for the benefit of the Travelers & Officers posted at the airports.