Central Government Grants Customs Tariff and AIDC Exemption for Gold Imported by RBI [Read Notification]

AIDC represents a form of taxation imposed on commercial agricultural output within the nation

By Navasree A.M - On March 13, 2024 1:21 pm - 2 mins read

Central Government - Customs Tariff - AIDC Exemption - AIDC - TAXSCAN

The Central Government, vide notification no. 14/2024 – Customs dated 14th March 2024 has granted the exemption to customs tariff and Agriculture Infrastructure and Development Cess ( AIDC ) for gold imported into India by the Reserve Bank of India ( RBI ). Under the provisions outlined in sub-section (1) of section 25 of the…

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