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Press Information Bureau
Government of India
Ministry of Finance
23-March-2012 12:56 IST
Change in Tariff Value of Gold Notified
Central Board of Excise and Customs (CBEC), Department of Revenue, Ministry of Finance has issued a Notification No.24/2012-Customs (N.T.) dated March 22, 2012 and thereby notifying change in tariff value of Gold as shown in the tables below:
“TABLE-1
S. 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 | 447 (i.e. no change) |
2 | 1511 90 10 | RBD Palm Oil | 476 (i.e. no change) |
3 | 1511 90 90 | Others – Palm Oil | 462 (i.e. no change) |
4 | 1511 10 00 | Crude Palmolein | 481 (i.e. no change) |
5 | 1511 90 20 | RBD Palmolein | 484 (i.e. no change) |
6 | 1511 90 90 | Others – Palmolein | 483 (i.e. no change) |
7 | 1507 10 00 | Crude Soyabean Oil | 580 (i.e. no change) |
8 | 7404 00 22 | Brass Scrap (all grades) | 4214 (i.e. no change) |
9 | 1207 91 00 | Poppy seeds | 2439 (i.e. no change) |
TABLE-2
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 entry at Sr. No. 321 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed | 530 per 10 grams |
2 | 71 | Silver, in any form in respect of which the benefit of entry at Sr. No. 322 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed | 1036 per kilogram (i.e. no change)” |
DSM/SS/GN
Tariff value of gold updated for customs valuation; corresponding tariff entries for silver and other commodities recorded. The Central Board of Excise and Customs issued Notification No.24/2012 Customs (N.T.) dated March 22, 2012, revising the customs tariff value applicable to the specified gold entry used for import valuation where the benefit of the referenced notification entry is availed, and recording that the corresponding silver entry's tariff value remains unchanged; the notification reproduces a tariff table showing these unit valuations and notes other listed commodity values as unchanged. of Press 'Enter' after typing page number.
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