[aaykarbhavan] Change in Tariff Value of Gold Notified

 

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 Excise & Customs (CBEC), 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 and TABLE-2, the following Tables shall be substituted namely:- "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 843 2 1511 90 10 RBD Palm Oil 854 3 1511 90 90 Others – Palm Oil 849 4 1511 10 00 Crude Palmolein 860 5 1511 90 20 RBD Palmolein 863 6 1511 90 90 Others – Palmolein 862 7 1507 10 00 Crude Soyabean Oil 1075 (i.e. no change) 8 7404 00 22 Brass Scrap (all grades) 3859 9 1207 91 00 Poppy seeds 4395 (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 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 459 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 737 per kilogram"

Regards

Prarthana Jalan

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