Press Information Bureau
Government of India
Ministry of Finance

18-January-2012 16:53 IST

Change in Tariff Value of Gold and Silver Notified                    

 Central Board of Excise and Customs (CBEC), Department of Revenue, Ministry of Finance has issued a Notification No.4/2012-Customs (N.T.) dated January 17, 2012 and thereby notifying tariff values of Gold and Silver as shown in the table below. 

 

 

“T A B L E”

S.No.	Chapter/ heading/ sub-heading/tariff item	Description of goods	Tariff value (US $ )
(1)	(2)	(3)	(4)
1	71	Gold, in any form in respect of which the benefit of Notification No.3/2012-Customs dated 16.01.2012 is availed	526 per 10 grams
2	71	Silver, in any form in respect of which the benefit of Notification No.3/2012-Customs dated 16.01.2012 is availed	953 per kilogram

DSM/SS/GN

Tariff value adjustment for gold and silver notified, fixing unit values for customs valuation when specified notification benefits are claimed. Notification No.4/2012-Customs dated January 17, 2012 notifies revised tariff values for gold and silver to be applied for customs valuation where the benefit of Notification No.3/2012-Customs dated January 16, 2012 is availed, supplying unit values to be used at import clearance for affected forms of those metals.