Kochi: Gold imports at the Kochi airport through the legal channel by Indians working abroad shot up to 233 kg in December from just 11 kg in November, according to Customs officials.
The Customs Department collected around Rs 20 crore as import duty in December. The current import duty on gold bullion is 10 per cent. While imports through the legal channel zoomed, there had been drastic fall in gold smuggling – only 1 kg was seized in December. There was also increase in the import of gold jewellery.
06/01/14 Business Line
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The Customs Department collected around Rs 20 crore as import duty in December. The current import duty on gold bullion is 10 per cent. While imports through the legal channel zoomed, there had been drastic fall in gold smuggling – only 1 kg was seized in December. There was also increase in the import of gold jewellery.
06/01/14 Business Line
