Tariff Value of Gold Up by $9 per 10 gms; Silver $22/kg; Areca nut $184/MTs; Poppy Seeds $275/MTs

Down: Crude Palm Oil $42/MTs; RBD and Other Palm Oil $32 & 37/MTs; Palmolein $41/MTs; Brass Scrap $48/MTs

[Customs Notification No. 75 (Non Tariff) dated 14th August 2015]

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

SNo.

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

593

2

1511 90 10

RBD Palm Oil

624

3

1511 90 90

Others – Palm Oil

609

4

1511 10 00

Crude Palmolein

626

5

1511 90 20

RBD Palmolein

629

6

1511 90 90

Others – Palmolein

628

7

1507 10 00

Crude Soya bean Oil

700

8

7404 00 22

Brass Scrap (all grades)

3336

9

1207 91 00

Poppy seeds

2188

 

Table-2

SNo.

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 321 and 323 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed

363 per 10 grams

2

71 or 98

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

499 per kilogram

 

Table-3

SNo.

Chapter/ heading/sub-heading/tariff item

Description of goods

Tariff value (US $ Per Metric Tons)

(1)

(2)

(3)

(4)

1

080280

Areca nuts

2452”

[F. No. 467/01/2015 -Cus-V]