Central Board of Excise and Customs removes 1 per cent excise duty on branded gold coins
By GCRU Gold News on Thursday, December 1 2016, 23:43 - Permalink
Branded gold coins may become cheaper after the government scrapped 1 per cent excise duty on them.
In a notification, the Central Board of Excise and Customs (CBEC) said excise duty will be nil on gold coins of purity 99.5 per cent and above, bearing a brand name when manufactured from gold on which appropriate duty of Customs or excise has been paid.