New Delhi, July 24 (KNN) In the wake of weak global prices of yellow metal, Government today further cut down the import tariff value of gold to USD 354 per 10 grams and of silver there was no change to USD 498 per kg.
 
For last fortnight, the tariff value of gold was fixed at USD 376 per 10 grams and silver at USD 498 per kg.
 
The Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, has made the amendment, according to the Finance Ministry.
 
Tariff value is the base price on which the customs duty is determined. It is revised on a fortnightly basis taking into account global prices. (KNN Bureau)