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of <h1>India exempts RBI-imported gold from customs duties and cess under Customs Tariff Heading 7108, effective March 12, 2024.</h1> The Central Government of India has issued Notification No. 14/2024 under the Customs Act, 1962, and the Customs Tariff Act, 1975, exempting gold imported by the Reserve Bank of India from all customs duties and the Agriculture Infrastructure and Development Cess. This exemption applies to gold classified under Customs Tariff Heading 7108. The decision is made in the public interest, effective from March 12, 2024, as per the notification from the Ministry of Finance's Department of Revenue.
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