Gold and Silver Tariff Value Down by US$50/10 gms and US$128/kg Respectively

[Customs Notification No. 39 (Non Tariff) dated 17th April 2013]

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 and TABLE-2, the following Tables shall be substituted namely:-

“Table-1

S. No.

Chapter/ heading/ sub-heading/tariff item

Description of goods

Tariff value US $

(Per Metric Tonne)

(1)

(2)

(3)

(4)

1

1511 10 00

Crude Palm Oil

827 (i.e. no change)

2

1511 90 10

RBD Palm Oil

857 (i.e. no change)

3

1511 90 90

Others – Palm Oil

842 (i.e. no change)

4

1511 10 00

Crude Palmolein

864 (i.e. no change)

5

1511 90 20

RBD Palmolein

867 (i.e. no change)

6

1511 90 90

Others – Palmolein

866 (i.e. no change)

7

1507 10 00

Crude Soyabean Oil

1094 (i.e. no change)

8

7404 00 22

Brass Scrap (all grades)

3986 (i.e. no change)

9

1207 91 00

Poppy seeds

4395 (i.e. no change)

 

Table-2

SNo.

Chapter/ heading/ sub-heading/tariff item

Description of goods

Tariff value

(US $)

(1)

(2)

(3)

(4)

1

71

Gold, 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 availed

449 per 10 grams

2

71

Silver, 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 availed

762 per kilogram”

[F. No. 467/01/2013-Cus.V]