- May 13, 2026
Govt Increases Import Duty On Gold, Silver And Precious Metal Imports
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The revised rates will come into effect from May 13 and cover multiple categories linked to gold, silver, platinum and jewellery manufacturing.
An employee shows mangalsutra made of gold to customers inside a jewellery store in the old quarters of Delhi. (IMAGE: REUTERS)
The Centre has increased customs duty rates on several categories linked to gold and other precious metal imports through a Finance Ministry notification issued on Tuesday.
The revised rates, which will come into effect from May 13 midnight, cover multiple tariff headings related to gold, silver, platinum, jewellery findings and precious metal-linked industrial imports.
Issued by the Department of Revenue, the notification amends earlier customs notifications issued in 2018 and 2021 under the Customs Act.
Under the revised structure, customs duty rates of 5%, 5.4% and 4.35% have been specified for different categories of imports linked to precious metals. The changes apply to goods falling under tariff headings 7107, 7108, 7109, 7111 and 7112.
The notification also revises duty rates on jewellery “findings” — small components such as hooks, clasps, clamps, pins and screw backs used in jewellery manufacturing.
Gold and silver findings will attract 5% customs duty, while platinum findings will attract 5.4%.
Import duty on gold and other precious metals has been increased, and the revised rates will come into effect from midnight tonight pic.twitter.com/7iWfOFp6j6— IANS (@ians_india) May 12, 2026
The government has also changed concessional duty provisions for imports of spent catalysts or ash containing precious metals meant for recovery and recycling.
Such imports will attract a concessional 4.35% duty subject to specified compliance conditions.
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