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Ministry of Finance
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
Posted On: 13 APR 2018 5:29PM by PIB Delhi
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 | 684 |
2 | 1511 90 10 | RBD Palm Oil | 696 |
3 | 1511 90 90 | Others – Palm Oil | 690 |
4 | 1511 10 00 | Crude Palmolein | 699 |
5 | 1511 90 20 | RBD Palmolein | 702 |
6 | 1511 90 90 | Others – Palmolein | 701 |
7 | 1507 10 00 | Crude Soya bean Oil | 824 |
8 | 7404 00 22 | Brass Scrap (all grades) | 3776 |
9 | 1207 91 00 | Poppy seeds | 2485 |
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 and 358 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed | 432 per 10 grams |
2 | 71 or 98 | Silver, in any form, in respect of which the benefit of entries at serial number 357 and 359 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed | 537 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 | 3946” |
******
DSM/RM/KA
Tariff value revision for specified vegetable oils, metals and seeds updates customs valuation for import duty purposes. The Central Board of Excise & Customs, under Section 14(2) of the Customs Act, amended Notification No. 36/2001 Customs by substituting TABLE 1, TABLE 2 and TABLE 3 to prescribe revised tariff values for specified imports. The tables set updated US dollar per metric tonne (or per unit) reference values for vegetable oils (crude palm oil, RBD palm oil, palmolein varieties, crude soyabean oil), brass scrap, poppy seeds, areca nuts and unit values for gold and silver where specified notification benefits apply, thereby establishing the reference figures for customs valuation and duty assessment. of Press 'Enter' after typing page number.
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