India hikes effective gold duty to 18.45%, caps Advance Authorisation imports at 100 kg per licence
Government doubled basic customs duty on gold to 10% and raised AIDC to 5%, lifting effective duty to 18.45% from 9.18%. Jewellery exporters face working-capital strain as Advance Authorisation licences are capped at 100 kg, while UAE CEPA's 200-tonne TRQ at 1% concession gains relative edge.
India doubled basic customs duty on gold to 10% and raised AIDC to 5%, taking effective duty to 18.45% from 9.18%, with a 100kg Advance Authorisation cap.
Financial Express · BrandWagon · 5/15/2026, 8:14:09 PM · Ask about this →