The Government raised the import duty on gold, silver and platinum to 10 per cent on Tuesday.
The Government expects to earn Rs 4,830 crore from the duty hike in the remaining period of fiscal.
The import duty on gold and platinum was earlier 8 per cent and on silver, 6 per cent.
To contain sliding value of rupee and widening current account deficit (CAD), Chidambaram had yesterday said he would announce steps to compress demand of gold, silver, oil and non-essential items.
The Minister had also said the notifications effecting changes in the duty rates would be tabled in Parliament today.
Besides changes in import duty structure, Chidambaram had yesterday announced other measures including easier overseas borrowing norms to fetch an additional $11 billion this fiscal to rescue rupee and contain the burgeoning CAD to $70 billion or 3.7 per cent of the GDP.
CAD touched an all-time high of 4.8 per cent of the GDP in 2012—13.
The rupee, on account of various domestic and global factors, had slipped to 61.80 to a dollar earlier in the month.
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