Gold Duty Hiked by 2%, Platinum also Falls 2%

· Price Falls by 15.3% Since Last Duty Hiked on 21 Jan

· Silver Spared

[Customs Notification No. 31 dated 5^th June 2013]

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 12/2012-Customs, dated the 17^th March, 2012 which was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide G.S.R. 185(E) dated the 17^th March, 2012, namely: -

In the said notification, in the Table,-

(a) against S. No. 116, for the entry in column (5), the entry “6%” shall be substituted;

(b) against S. No. 318, for the entry in column (5), the entry “6%” shall be substituted;

(c) in S. No. 321, against item (i), for the entry in column (4), the entry “8%” shall be substituted;

(d) against S. No. 323, for the entry in column (4), the entry “8%” shall be substituted;

(e) against S. No. 328, for the entry in column (4), the entry “8%” shall be substituted.

[F. No. 354/95/2013-TRU]