Tariff Value on Gold Up by US$8 per 10
grams; Silver Down by US$65 per Kg
· Brass Scrap Down by US$16/MT; Areca Nuts Up by
US$245/MT
[Notification No. 67/2021-Customs
(Non-Tariff) dated 13 August 2021]
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 Indirect Taxes & Customs, being satisfied
that it is necessary and expedient so to do, hereby makes the following
amendments 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 item |
Description of
goods |
Tariff value (US
$Per Metric Tonne) |
|
(1) |
(2) |
(3) |
(4) |
|
1 |
1511 10 00 |
Crude Palm Oil |
1029 (i.e., no change) |
|
2 |
1511 90 10 |
RBD Palm Oil |
1055 (i.e., no
change) |
|
3 |
1511 90 90 |
Others – Palm Oil |
1042 (i.e., no
change) |
|
4 |
1511 10 00 |
Crude Palmolein |
1061 (i.e., no change) |
|
5 |
1511 90 20 |
RBD Palmolein |
1064 (i.e., no
change) |
|
6 |
1511 90 90 |
Others – Palmolein |
1063 (i.e., no
change) |
|
7 |
1507 10 00 |
Crude Soya bean
Oil |
1228 (i.e., no
change) |
|
8 |
7404 00 22 |
Brass Scrap (all
grades) |
5538 |
|
Table-2 |
||||||
|
Sl. No. |
Chapter/ heading/
sub-heading/tariff item |
Description of
goods |
Tariff value (US
$) |
|||
|
(1) |
(2) |
(3) |
(4) |
|||
|
1. |
71 or 98 |
Gold, in any
form, in respect of which the benefit of entries at serial number 356 of the
Notification No. 50/2017-Customs dated 30.06.2017 is availed |
563 per 10 grams |
|||
|
2. |
71 or 98 |
Silver, in any
form, in respect of which the benefit of entries at serial number 357 of the Notification
No. 50/2017-Customs dated 30.06.2017 is availed |
759 per kilogram (i.e.,
no change) |
|||
|
3. |
71 |
(i) Silver, in any form, other than medallions and silver
coins having silver content not below 99.9% or semi-manufactured forms of
silver falling under sub-heading 7106 92; (ii) Medallions
and silver coins having silver content not below 99.9% or semi-manufactured
forms of silver falling under sub-heading 7106 92, other than imports of such
goods through post, courier or baggage. Explanation. -
For the purposes of this entry, silver in any form shall not include foreign
currency coins, jewellery made of silver or
articles made of silver. |
759 per kilogram (i.e.,
no change) |
|||
|
4. |
71 |
(i) Gold bars, other than tola
bars, bearing manufacturer’s or refiner’s engraved serial number and weight
expressed in metric units; (ii) Gold coins
having gold content not below 99.5% and gold findings, other than imports of
such goods through post, courier or baggage. Explanation. -
For the purposes of this entry, “gold findings” means a small component such
as hook, clasp, clamp, pin, catch, screw back used to hold the whole or a
part of a piece of Jewellery in place. |
563 per 10 grams |
|||
|
Table-3 |
||||||
|
Sl. No. |
Chapter/ heading/
sub-heading/tariff item |
Description of
goods |
Tariff value (US
$ Per Metric Tonne) |
|||
|
(1) |
(2) |
(3) |
(4) |
|||
|
1 |
080280 |
Areca nuts |
5149 |
|||
2. This notification shall come into
force with effect from the 14th day of August, 2021.
[F. No. 467/01/2021 -Cus-V]