Amends in 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 - 58/2012 - Customs - Non Tariff
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Tariff valuation revised: customs notification substitutes tariff-value tables setting USD values for oils, metals and bullion. Under section 14(2) of the Customs Act, the Central Board of Excise & Customs substitutes TABLE-1 and TABLE-2 of Notification No. 36/2001-Customs (N.T.), fixing tariff values in US dollars for specified imports. TABLE-1 addresses specified vegetable oils, brass scrap and poppy seeds, indicating unchanged or revised per metric tonne values. TABLE-2 fixes tariff values for gold and silver for goods claiming benefits under specified entries of Notification No. 12/2012-Customs, stated per ten grams for gold and per kilogram for silver.
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Tariff valuation revised: customs notification substitutes tariff-value tables setting USD values for oils, metals and bullion.
Under section 14(2) of the Customs Act, the Central Board of Excise & Customs substitutes TABLE-1 and TABLE-2 of Notification No. 36/2001-Customs (N.T.), fixing tariff values in US dollars for specified imports. TABLE-1 addresses specified vegetable oils, brass scrap and poppy seeds, indicating unchanged or revised per metric tonne values. TABLE-2 fixes tariff values for gold and silver for goods claiming benefits under specified entries of Notification No. 12/2012-Customs, stated per ten grams for gold and per kilogram for silver.
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