https://www.taxtmi.com/news?id=72754 Import duty on gold and silver was increased to 15 per cent by raising the social welfare surcharge and agriculture infrastructure and development cess, effective 13 May 2026. The measure was intended to curb non-essential imports of precious metals and conserve foreign exchange amid a rising import bill and balance of payments stress. It reversed the earlier reduction in customs duty on gold to 6 per cent and was aimed at moderating inbound shipments driven largely by the jewellery industry. en-us Wed, 13 May 2026 08:16:04 +0530 Wed, 13 May 2026 08:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72754 Import duty on gold and silver was increased to 15 per cent by raising the social welfare surcharge and agriculture infrastructure and development cess, effective 13 May 2026. The measure was intended to curb non-essential imports of precious metals and conserve foreign exchange amid a rising import bill and balance of payments stress. It reversed the earlier reduction in customs duty on gold to 6 per cent and was aimed at moderating inbound shipments driven largely by the jewellery industry. News - Wed, 13 May 2026 08:16:04 +0530 https://www.taxtmi.com/news?id=72754