The government has hiked the import tariff value on gold to $445 per 10 grams from $433 per 10 gram. However,in case of silver the import tariff value has been reduced to $694 per kg from $699 per kg. a notification by the Central Board of Excise and Customs (CBEC) said.According to the jewellers body, total gold imports are expected to be not more than 550 tonnes this fiscal due to these restrictions, from 845 tonnes in the last fiscal.
