Tariff Value on Gold Down by US$18 per 10 gram.,
Silver - US$41 per kg; Brass Scrap - US$ 16/MT
[Notification No. 79/2021-Customs
(Non-Tariff) dated 30 September 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 |
1130 (i.e., no change) |
|
2 |
1511 90 10 |
RBD Palm Oil |
1153 (i.e., no change) |
|
3 |
1511 90 90 |
Others – Palm Oil |
1142 (i.e., no change) |
|
4 |
1511 10 00 |
Crude Palmolein |
1160
(i.e., no change) |
|
5 |
1511 90 20 |
RBD Palmolein |
1163 (i.e., no change) |
|
6 |
1511 90 90 |
Others – Palmolein |
1162 (i.e., no change) |
|
7 |
1507 10 00 |
Crude Soya bean Oil |
1328 (i.e., no change) |
|
8 |
7404 00 22 |
Brass Scrap (all grades) |
5418 |
|
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 |
560 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 |
724 per kilogram |
|||
|
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. |
724 per kilogram |
|||
|
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. |
560 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 (i.e., no change) |
|||
2. This notification shall come into force with
effect from the 1st day of October, 2021.
[F. No.
467/01/2021 -Cus-V]