Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold and Silver Notified

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

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	531
2	1511 90 10	RBD Palm Oil	573
3	1511 90 90	Others - Palm Oil	552
4	1511 10 00	Crude Palmolein	586
5	1511 90 20	RBD Palmolein	589
6	1511 90 90	Others - Palmolein	588
7	1507 10 00	Crude Soya bean Oil	684
8	7404 00 22	Brass Scrap (all grades)	3095
9	1207 91 00	Poppy seeds	2464

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	368 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	474 per kilogram

TABLE-3

Sl. No.	Chapter/ heading/ sub-heading/tariff item	Description of goods	Tariff value (US $ Per Metric Tons )
(1)	(2)	(3)	(4)
1	080280	Areca nuts	2452”

Tariff valuation revised for edible oils, metals and agricultural commodities under customs notification, updating import assessment rules. The Central Board of Excise & Customs amended Notification No. 36/2001 Customs (N.T.) by substituting TABLE 1, TABLE 2 and TABLE 3 to prescribe revised tariff values for specified imports. TABLE 1 lists tariff values per metric tonne for edible oils and related products (crude palm oil, RBD palm oil, palmolein variants, crude soybean oil), brass scrap and poppy seeds. TABLE 2 prescribes unit tariff values for gold and silver where certain notification benefits are claimed. TABLE 3 sets the tariff value for areca nuts per metric tonne, updating the customs valuation schedule for these commodities.

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Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold and Silver Notified

September 30, 2015

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Tariff valuation revised for edible oils, metals and agricultural commodities under customs notification, updating import assessment rules.

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Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold and Silver Notified

September 30, 2015

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"TABLE-1

Tariff valuation revised for edible oils, metals and agricultural commodities under customs notification, updating import assessment rules.

Topics