Government Collects Rs 10,463 Crore in Customs Duty on Precious Metal Imports

Government Revenue

10 August 2026 at 10:20 pm

Government Collects Rs 10,463 Crore in Customs Duty on Precious Metal Imports

HyperFast News

Summary

The government has collected Rs 10,463 crore in customs duty from precious metal imports since May 13, with gold contributing Rs 10,040 crore. This increase follows a hike in import duties on gold and silver to fifteen percent, aimed at curbing discretionary imports and conserving foreign exchange reserves.

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