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Mineweb reported that silver’s exemption from import excise tax in India is making the metal look like a good investment.
Mineweb reported that silver’s exemption from import excise tax in India is making the metal look like a good investment.
As quoted in the market news:
On Friday, India’s Finance Minister exempted branded silver jewellery from excise duty. Silver coins of purity 99.9% and above were also exempted from excise duty. However, the excise duty on refined gold was doubled from 1.5% to 3%.