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The custom duty on which of the following are to be rationalized under union budget 2021-22
  • a)
    Gold and Silver
  • b)
    Tin and Silver
  • c)
    Copper and Gold
  • d)
    Tin and Copper
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
The custom duty on which of the following are to be rationalized unde...
  • The customs duty on gold and silver is rationalized under the union budget 2021-22.
  • This will reduce the prices of gold and silver.
  • At present, Gold and silver attract a basic customs duty of 12.5%.
  • The customs duty on gold and silver will be reduced from the existing 12.5% to 7.5%.
  • The gold dore bars will attract customs duty of 6.9%(the existing rate is 11.85%).
  • The silver dore bars will now attract a customs duty of 6.1%(the existing rate is 11%).
  • Customs duty on gold and silver findings will be halved to 10% from the current 20%.
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The custom duty on which of the following are to be rationalized under union budget 2021-22a)Gold and Silverb)Tin and Silverc)Copper and Goldd)Tin and CopperCorrect answer is option 'A'. Can you explain this answer?
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