Press Information Bureau
Government of India
Ministry of Finance
01-May-2012 11:56 IST
Change in Tariff Value of Brass Scrap, Gold and Silver Notified
Central Board of Excise and Customs (CBEC), Department of Revenue, Ministry of Finance has issued a Notification No.39/2012-Customs (N.T.) dated April 30, 2012 and thereby notifying change in tariff value of Brass Scrap, Gold and silver 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) | 4298 |
9 | 1207 91 00 | Poppy seeds | 3680 |
TABLE-2
S. 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 | 541 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 | 1011 per kilogram |
DSM/SS/GN
Tariff value revision for imports updates customs valuation for brass scrap, gold and silver for import assessment. Notification revises
tariff value declarations for select imports, assigning updated customs valuation figures for brass scrap (all grades) per metric tonne and for gold and silver, where benefit under specified earlier notification entries is availed, per their respective weight units; most listed palm and oilseed oil entries remain unchanged.
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