GOLD

Government Fixes Tariff Value Of Some Imported Goods

Government Fixes Tariff Value Of Some Imported Goods

Notification No. 15/2022- Customs (N.T.) Dated 8th March 2022 The Government has fixed tariff value of imported goods: Crude Palm Oil RBD Palm Oil Others – Palm Oil Crude Palmolein RBD Palmolein Others – Palmolein Crude Soya bean Oil Brass Scrap (all grades) Gold (refer notification for detailed description) Silver (refer notification for detailed description) …

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Russia- Ukraine War Affect: Gold Crossed 53000, Silver Crossed 70000, Rupee Crashed

Russia- Ukraine War Affect: Gold Crossed 53000, Silver Crossed 70000, Rupee Crashed

The war between Russia and Ukraine has intensified and this conflict has 12 days on Monday and its effect is visible on the stock market, from crude oil to gold prices. Due to the intensification of corrosion, the price of precious metals has also continued to rise. If you are planning to buy jewellery then it is …

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Government Declares Two Financial Products As Securities Under The Securities Contracts (Regulation) Act 1956

Government Declares Two Financial Products As Securities Under The Securities Contracts (Regulation) Act 1956

Vide Notification Dated 24th December 2021, the Department of Economic Affairs, Ministry of Finance has declared following two financial products as securities under the Securities Contracts (Regulation) Act 1956: (i) bullion spot delivery contract; and (ii) bullion depository receipt with underlying bullion. The two financial products were notified by the notification number S.O. 2957 (E), …

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ARTICLE ON LIMIT ON HOLDING OF GOLD AS PER INCOME TAX ACT 1961

ARTICLE ON LIMIT ON HOLDING OF GOLD AS PER INCOME TAX ACT 1961

LIMIT ON HOLDING OF GOLD AS PER INCOME TAX ACT 1961 (Prudent Requirements  under Income Tax Act on holding of Jewellery more than the limit prescribed by the CBDT) FAQ on government’s recent thrust on tracking unaccounted monies and investments in Liquid Assets Such as Gold :- The purpose of this article is to make …

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