gold import duty increase India

Gold Import Duty Increase India: Government Raises Gold and Silver Import Tax to 15% for Economic Stability

Gold import duty increase India: Learn why India raised import duty on gold and silver to 15%, its economic impact, current account deficit connection, and importance for UPSC, SSC, Banking, Railways, and PCS exams. India Raises Import Duty on Gold and Silver to 15% Introduction to the Government Decision The Government of India has increased…

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Customs duty on edible oils

Customs Duty on Edible Oils Reduced to Control Inflation and Boost Refining

Customs duty on edible oils reduced from 20% to 10% by the government to control inflation, support domestic refining, and lower consumer prices across India. Policy Change to Curb Edible Oil Prices On June 11, 2025, the Indian government announced a significant reduction in the Basic Customs Duty (BCD) on major crude edible oils—specifically crude…

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