Tariff Value Rises on Gold by $9; Silver $5; RBD Palm Oil $4

Down: Brass Scrap $11; Crude Palm Oil and Soyabean Oil $4

[Customs Notification No. 13 (Non Tariff) dated 15th January 2016]

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

553

2

1511 90 10

RBD Palm Oil

585

3

1511 90 90

Others Palm Oil

569

4

1511 10 00

Crude Palmolein

596

5

1511 90 20

RBD Palmolein

599

6

1511 90 90

Others Palmolein

598

7

1507 10 00

Crude Soya bean Oil

729

8

7404 00 22

Brass Scrap (all grades)

2893

9

1207 91 00

Poppy seeds

2722

 

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

354 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

457 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

2558

[F. No. 467/01/2016 -Cus-V]