The Central Board of Indirect Taxes and Customs ( CBIC ) has amended the Notification no. 11/2021 to impose Agriculture Infrastructure and Development Cess ( AIDC ) on Spent catalyst or ash containing precious metals, Gold or silver findings and Coins of precious metals.
The same was conveyed through official gazette notification no. 05/2024 – Customs dated 22nd January 2024. According to the amendment, following are the rates imposed in the way of AIDC on the metals:
| 7112 | Spent catalyst or ash containing precious metals | 4.35% |
| 7113 | Gold or silver findings Explanation: For the purposes of this entry, “gold or silver findings” means a small component such as hook, clasp, clamp, pin, catch, screw back used to hold the whole or a part of a piece of jewellery in place | 5% |
| 7114 | Coins of precious metals | 5% |
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