1 May 2012

Changes in Tarif Value of Gold, Silver, Brass Scrap (All Grades) and Poppy Seeds Notified


16-April-2012,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
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)
4285
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
542 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
1051 per kilogram”
DSM

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