New Delhi: The government today further slashed the import tariff value of gold to USD 417 per ten gram, while it was kept unchanged for imported silver at USD 738 per kg, in line with global trend.

The import tariff value is the base price at which the customs duty is determined to prevent under-invoicing. The tariff value on imported gold stood at USD 440 per 10 grams yesterday. The notification in this regard has been issued by the Central Board of Excise and Customs (CBEC), an official statement said. However, the tariff value on imported silver, brass scrap, vegetable oils and areca nut has been kept unchanged.

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