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Will customs duty cut increase gold demand among investors?

Updated : February 04, 2021 06:32 PM IST

The government, while presenting budget 2021-22, proposed to slash import duties on gold and silver to 7.5 percent from 12.5 percent.
However, it also imposed a 2.5 percent cess – a separate tax – on the imports.
After the changes, gold imports would effectively attract a 10.75 percent tax.
Will customs duty cut increase gold demand among investors?
Published : February 04, 2021 04:23 PM IST

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