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 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 | 658 |
2 | 1511 90 10 | RBD Palm Oil | 681 |
3 | 1511 90 90 | Others – Palm Oil | 670 |
4 | 1511 10 00 | Crude Palmolein | 687 |
5 | 1511 90 20 | RBD Palmolein | 690 |
6 | 1511 90 90 | Others – Palmolein | 689 |
7 | 1507 10 00 | Crude Soya bean Oil | 769 |
8 | 7404 00 22 | Brass Scrap (all grades) | 3819 |
9 | 1207 91 00 | Poppy seeds | 2531 |
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 | 419 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 | 528 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” |
Tariff value revision: customs notification updates valuation for specified edible oils, metals, and agricultural commodities. The Central Board of Indirect Taxes & Customs amends Notification No. 36/2001 Customs (N.T.) under section 14(2) of the Customs Act by substituting TABLE 1, TABLE 2 and TABLE 3 with revised tariff values. The new tables fix US dollar per metric tonne or per unit benchmark values for specified goods including edible oils, brass scrap, poppy seeds, areca nuts, and specified gold and silver entries for valuation and customs assessment purposes.
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