IMPORT DUTY ON SILVER Changed To 6% of Value From Flat Rs1500 per kilogram
Impact: Silver to attract additional duty of Rs 1494 per kilograms.
Impact: Silver to attract additional duty of Rs 1494 per kilograms.
COMEX SILVER CMP 30.50
USDINR RRR 50.90
SPOT VALUE = 30.50* 50.90 = 1552.45
SPOT VALUE PER OUNCE = 1552.45 * 32.15 [TROY OUNCE ] = 49911.26
CUSTOM DUTY OLD 1500 FLAT RS NEW = 6% = 2994.67
TOTAL SILVER VALUE = 49911.26 + 2994.67 NEW DUTY = 52905.93
OTHER COST = 0.10 = 52.90 RS
FINAL PRICE OF SILVER PER KG = 52958.83
USDINR RRR 50.90
SPOT VALUE = 30.50* 50.90 = 1552.45
SPOT VALUE PER OUNCE = 1552.45 * 32.15 [TROY OUNCE ] = 49911.26
CUSTOM DUTY OLD 1500 FLAT RS NEW = 6% = 2994.67
TOTAL SILVER VALUE = 49911.26 + 2994.67 NEW DUTY = 52905.93
OTHER COST = 0.10 = 52.90 RS
FINAL PRICE OF SILVER PER KG = 52958.83
