Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

By | July 15, 2016
(Last Updated On: July 15, 2016)

Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver 

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3rd August, 2001, namely:-

In the said notification, for TABLE-1, TABLE-2, and TABLE-3 the following Tables shall be substituted namely:-

TABLE-1

Sl. No.Chapter/ heading/ sub-heading/tariff itemDescription of goodsTariff value

(US $Per Metric Tonne)

(1)(2)(3)(4)
11511 10 00Crude Palm Oil653
21511 90 10RBD Palm Oil657
31511 90 90Others – Palm Oil655
41511 10 00Crude Palmolein664
51511 90 20RBD Palmolein667
61511 90 90Others – Palmolein666
71507 10 00Crude Soya bean Oil752
87404 00 22Brass Scrap (all grades)3091
91207 91 00Poppy seeds2533

 

TABLE-2

Sl. No.Chapter/ heading/ sub-heading/tariff itemDescription of goodsTariff value

(US $)

(1)(2)(3)(4)
171 or 98Gold, in any form, in respect of which the benefit of entries at serial number 321 and 323 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed430 per 10 grams
271 or 98Silver, in any form, in respect of which the benefit of entries at serial number 322 and 324 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed660 per kilogram

TABLE-3

Sl. No.Chapter/ heading/ sub-heading/tariff itemDescription of goodsTariff value

(US $ Per Metric Tonne )

(1)(2)(3)(4)
1080280Areca nuts2630”
Direct Taxes Ready ReckonerService Tax Ready ReckonerCompany Law Ready Reckonertax deduction at source
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