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AI Drafter - (New and Powerful) ✕ Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
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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 | 704 |
2 | 1511 90 10 | RBD Palm Oil | 724 |
3 | 1511 90 90 | Others – Palm Oil | 714 |
4 | 1511 10 00 | Crude Palmolein | 737 |
5 | 1511 90 20 | RBD Palmolein | 740 |
6 | 1511 90 90 | Others – Palmolein | 739 |
7 | 1507 10 00 | Crude Soya bean Oil | 845 |
8 | 7404 00 22 | Brass Scrap (all grades) | 3028 |
9 | 1207 91 00 | Poppy seeds | 2533 |
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 | 410 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 | 576 per kilogram |
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 | 2621” |
Tariff valuation amendment sets fixed commodity-specific customs values for oils, metals, and selected imports for customs assessment. The Central Board of Excise & Customs substitutes three tariff tables in an existing customs notification, prescribing fixed tariff values in US dollars for listed imported commodities including various edible oils, crude soybean oil, brass scrap, poppy seeds, areca nuts, and unit values for gold and silver, thereby establishing declared valuation benchmarks for customs assessment.
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