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View Full Version : India eliminates excise duty on silver but increases it on gold!



Plastic
19th March 2012, 10:56 AM
http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=147564&sn=Detail&pid=32


On Friday, India's Finance Minister exempted branded silver jewellery from excise duty. Silver coins of purity 99.9% and above were also exempted from excise duty. However, the excise duty on refined gold was doubled from 1.5% to 3%.


More at link.