The government on Wednesday proposed an increase in the import duty on silver dore, bars and articles with a view to promoting domestic manufacturing.
In her Budget speech, Finance Minister Nirmala Sitharaman also said that customs duties on articles made from dore and bars of gold and platinum has been increased.
"I also propose to increase the import duty on silver dore, bars and articles to align them with that on gold and platinum," she said.
Customs duties on dore and bars of gold and platinum were increased earlier this fiscal.