Goldiam International has announced that the recent increase in Customs Duty on gold to 15%, which includes a 10% Basic Customs Duty (BCD) and a 5% cess, will not materially impact its operations, financial performance, or profitability.
The company, which operates from the Special Economic Zone (SEZ) at SEEPZ, benefits from customs duty exemptions and other advantages available to SEEPZ units under current government policies and regulations. As a result, the increased duty is not expected to negatively affect Goldiam International‘s business operations.
Goldiam International has reassured stakeholders that it continues to leverage the benefits of its SEZ location to mitigate the impact of such regulatory changes. The company remains confident in its ability to maintain stable operations and financial health despite the customs duty hike.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).