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Report: Government cuts gold tax refund rate by more than half


Report: Government cuts gold tax refund rate by more than half

The government reduced the gold duty drawback rate on August 23, almost a month after revising import duties. According to the new notice, the duty drawback rate for gold jewellery has been increased from ₹704.1 per gram of net gold content (with a purity of .995 or more) to ₹335.50 per gram, a report from […]