Rate of Customs duty on import of gold increased from 6% to 8% w.e.f. 05.06.2013

Notification No. 31/2013-Customs

New Delhi, the 5^th June, 2013

G.S.R. (E). – 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]

[Raj Kumar Digvijay]
Under Secretary to the Government of India

Note:- The principal notification No. 12/2012-Customs, dated the 17^th March, 2012 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 185(E) dated the 17^th March, 2012  and was last amended vide notification No. 30/2013-Customs dated the 21^st May, 2013 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.325 (E) dated 21^st May, 2013.