ANNOUNCEMENT 13 Aug 2013

In August 2013, the government of India announced a change in import duties.

NUMBER OF INTERVENTIONS

3

  • 3 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 21 Jan 2013 | Removal date: open ended
Still in force

Import tariff

On 21 January 2013, the import duty on gold and platinum was increased as follows - 

  • Additional import duty on Gold ores and concentrates for use in the manufacture of gold from 2% to 4%
  • Additional import duty for Gold ores, concentrates or dore bars (content not greater than 95%) from 2% to 4%
  • Standard import duty old bars (excl. 'tola' bars) with gold content not below 99.5%, from 4% to 6%
  • Import duty on Platinum from 4% to 6%

These duties were later increased on 5 June 2013.

AFFECTED SECTORS

 
Inception date: 13 Aug 2013 | Removal date: open ended
Still in force

Import tariff

On 13 August 2013, the import duties were increased on the following products - 

  • Additional duty for Gold ores and concentrates for use in the manufacture of gold increased from 6% to 8%
  • Additional duty on Gold ores, concentrates or dore bars (content not greater than 95%) increased from 6% to 8%
  • Additional duty on silver dore bars having silver content not less tan 95% increased from 3% to 7%
  • Duty for Gold bars (excl. tola bars) with gold content not below 99.5% increased from 8% to 10%
  • Duty on Silver in any form, including ornaments, increased from 6% to 10%
  • Duty on Silver in any form, with silver content not less than 99.9% increased from 6% to 10%
  • Duty on Platinum increased from 8% to 10%
Inception date: 05 Jun 2013 | Removal date: 13 Aug 2013
Still in force

Import tariff

On 5 June 2013, the duties were increased further as below-

  • Additional duty for Gold ores and concentrates for use in the manufacture of gold increased from 4% to 6%
  • Additional duty for Gold ores, concentrates or dore bars (content not greater than 95%) increased from 4% to 6%
  • Standard duty for Gold bars (excl. 'tola' bars) with gold content not below 99.5%, increased from 6% to 8%
  • Platinum increased from 6% to 8%