The revised rates will come into effect from May 13 and cover multiple categories linked to gold, silver, platinum and jewellery manufacturing.
An employee shows mangalsutra made of gold to customers inside a jewellery store in the old quarters of Delhi. (IMAGE: REUTERS)
The Centre has increased customs duty on several categories linked to imports of gold, silver and other precious metals through a set of Finance Ministry notifications issued on Tuesday.
The revised rates, which will come into effect from May 13, raise customs duty to 10% across multiple tariff categories related to precious metals, jewellery findings and industrial imports.
Issued by the Department of Revenue under the Customs Act, the notifications amend earlier customs notifications issued in 2000, 2018, 2021 and 2025.
The changes apply to imports falling under tariff headings linked to gold, silver, platinum and related precious metal products, including jewellery components such as hooks, clasps, clamps, pins and screw backs used in manufacturing.
Import duty on gold and other precious metals has been increased, and the revised rates will come into effect from midnight tonight pic.twitter.com/7iWfOFp6j6— IANS (@ians_india) May 12, 2026
The government has also revised duty provisions for imports of spent catalysts or ash containing precious metals meant for recovery and recycling purposes. According to the notification, such imports will also attract 10% customs duty subject to specified conditions.
The move is expected to increase import costs for bullion traders, jewellery manufacturers, refiners and other businesses dealing in precious metals and related industrial products.
The notifications stated that the revised duty structure would take effect from May 13.
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