Goldiam International Ltd says increase in customs duty, cess not to have material impact

Goldiam International Limited has announced that the recent increase in Customs Duty on gold to 15%, comprising 10% Basic Customs Duty (BCD) and 5% cess shall not have any material impact on the operations, financial performance, or profitability of the Company.

The Company operates from the Special Economic Zone (SEZ) - SEEPZ and continues to avail the applicable customs duty exemptions/benefits available to SEEPZ units under the prevailing government policies and regulations.

Accordingly, the aforesaid increase in Customs Duty on gold is not expected to have any negative impact on the business operations of the Company.

Source : Equity Bulls

Keywords

GoldiamInternational CustomsDuty Cess Gold NoMaterialImpact