Gold import duty hike helped Centre collect Rs 10,000 crore in under 3 months
The central government collected ₹10,040 crore in revenue from gold imports after raising customs duties on May 13. This hike increased the effective import duty on gold and silver to 15%, contributing to an overall customs revenue of ₹40,317 crore in May-June, up 42% year-on-year. The government aims to sustain this revenue growth through continued enforcement of the higher duties.