IMPORT DUTY ON GOLD Changed To 2% of Value From Flat Rs300 per 10 GRAMS
Impact: Gold to attract additional duty of Rs 246 per 10 grams
Impact: Gold to attract additional duty of Rs 246 per 10 grams
COMEX GOLD CMP 1665
USDINR RRR 50.90
SPOT VALUE = 1665* 50.90 = 84748.5
SPOT VALUE PER 10 GM = 84748.5/3.11 [TROY OUNCE ] = 27250.32
CUSTOM DUTY OLD 300 RS NEW = 545
TOTAL GOLD VALUE = 27250 + 545 NEW DUTY = 27795
OTHER COST = 0.10 = 27.79 RS
FINAL PRICE OF GOLD PER 10 GM = 27822.79
