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India Collects Rs 10,463 Crore Custom Duty on Precious Metals in 3 Months

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The Indian central government earned Rs 10,463 crore in customs duty from precious metals over a three-month period, according to information shared with the Lok Sabha. Authorities also conducted raids during this period, resulting in the seizure of 161 kg of gold. The government disclosed these figures in response to parliamentary queries. Additionally, the Centre clarified that it does not maintain any official data on the volume of idle gold held by households across India.

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India Collects Rs 10,463 Crore Custom Duty on Precious Metals in 3 Months · ShortSingh