loss to exchequer

IBJA Raises Alarm Over Silver Imports At 9% Duty, Alleges Loss To Exchequer

The Indian Bullion and Jewellers Association (IBJA) has raised an alarm against the import of silver at just 9 percent duty against the applicable 15 percent tax rate. In a letter dated July 17 to Revenue Secretary Sanjay Malhotra, IBJA revealed that a leading bank had imported silver this year at less than the applicable […]

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