NEW DELHI : Gold smuggling has reduced significantly since July 2024 when the government slashed import duty on the precious metal to 6%, Central Board of Indirect Taxes and Customs (CBIC) Chairman Sanjay Kumar Agarwal said.
As per the latest available data, Customs and DRI officers seized 847 kg of gold worth Rs 544 crore at various airports in the April-June period of the current fiscal. In July, the government reduced customs duty on gold to 6 percent from 15 . . .
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