The effective import duty on gold and silver has been increased from 6 percent to what percent?

English বাংলা

Answer

15 percent

Explanation

To secure foreign exchange reserves, the government has set the import duty at 15 percent.

Key Points

  • > Increase from 6 percent to 15 percent
  • > Keeping the exchange rate stable
  • > Basic customs duty 10 percent

Additional Information

  • Import duty or customs duty is controlled by the government.
  • It helps reduce the country's current account deficit.
SubjectInformation
Cess increase1 to 5 percent
Main goalProtecting forex reserves
Daily Current Affairs Current affairs Medium

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