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        Customs

        Gold is exempt from the whole of the duty of customs leviable thereon, Imported by the RBI. - 14/2024 - Customs -Tariff

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        Customs exemption for gold imports by Reserve Bank removes customs duty and related cess on specified tariff heading. Exemption exempts gold falling under Customs Tariff Heading 7108 from the whole of customs duty and from the Agriculture Infrastructure and Development Cess when imported into India by the Reserve Bank of India, invoked under powers in the Customs Act, 1962 and the Customs Tariff Act, 1975 as necessary in the public interest.
                      Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                        Provisions expressly mentioned in the judgment/order text.

                            Customs exemption for gold imports by Reserve Bank removes customs duty and related cess on specified tariff heading.

                            Exemption exempts gold falling under Customs Tariff Heading 7108 from the whole of customs duty and from the Agriculture Infrastructure and Development Cess when imported into India by the Reserve Bank of India, invoked under powers in the Customs Act, 1962 and the Customs Tariff Act, 1975 as necessary in the public interest.


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