The body suggests to increase countervailing duty (CVD) on gold dore to 9 percent, and keep excise duty on refined bars made from gold dore at 9.25% , reports add. Also, Assocham viewed the advantage of dore refining over imported finished gold to be the value addition being done within the country thus creating employment, saving foreign exchange and generating tax revenues as direct taxes are paid to government on the refining income, as per reports. Assocham also believes there is enough opportunity to grow refining capacity further in India.
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