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of <h1>India Cuts Import Duty on Gold and Silver to 9.35% for Export Schemes under Customs Act, 1962.</h1> The Government of India has amended notification No. 57/2000-Customs, reducing the duty on gold and silver imported under specified schemes to 9.35%. This change affects the Scheme for Export through Exhibitions, Export Promotion Tours, and Export of Branded Jewellery. The amendment, made under the Customs Act, 1962, is effective from February 2, 2023. The principal notification was initially published on May 8, 2000, and has undergone several amendments, the latest being in September 2022.
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