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Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver

Tariff Notification No. 68/2020-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, G...

Tariff Notification No. 68/2020-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver

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 Indirect Taxes & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendments 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:-

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In the said notification, for TABLE-1, TABLE-2, and TABLE-3 the following Tables shall be substituted, namely: -

“TABLE-1

Sl. 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

680 (i.e. no change)

2

1511 90 10

RBD Palm Oil

701 (i.e. no change)

3

1511 90 90

Others – Palm Oil

691 (i.e. no change)

4

1511 10 00

Crude Palmolein

707 (i.e. no change)

5

1511 90 20

RBD Palmolein

710 (i.e. no change)

6

1511 90 90

Others – Palmolein

709 (i.e. no change)

7

1507 10 00

Crude Soya bean Oil

803 (i.e. no change)

8

7404 00 22

Brass Scrap (all grades)

3717 (i.e. no change)

9

1207 91 00

Poppy seeds

3623 (i.e. no change)


TABLE-2

Sl. 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 356 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed

630 per 10 grams (i.e. no change)

2.

71 or 98

Silver, in any form, in respect of which the benefit of entries at serial number 357 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed

868 per kilogram


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      3.

      71

      (i) Silver, in any form, other than medallions and silver coins having silver content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92;

      (ii) Medallions and silver coins having silver

      content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92, other than imports of such goods through post, courier or baggage.

      Explanation. - For the purposes of this entry, silver in any form shall not include foreign

      currency coins, jewellery made of silver or

      articles made of silver.

      868 per kilogram

      4.

      71

      (i) Gold bars, other than tola bars, bearing manufacturer’s or refiner’s engraved serial number and weight expressed in metric units;

      (ii) Gold coins having gold content not below 99.5% and gold findings, other than imports of such goods through post, courier or baggage.

      Explanation. - For the purposes of this entry, “gold findings” means a small component such as hook, clasp, clamp, pin, catch, screw back used to hold the whole or a part of a piece of Jewellery in place.

      630 per 10 grams (i.e. no change)


      TABLE-3

      Sl. No.

      Chapter/ heading/ sub-heading/tariff item

      Description of goods

      Tariff value

      (US $ Per Metric Tonne)

      (1)

      (2)

      (3)

      (4)

      1

      080280

      Areca nuts

      3746 (i.e. no change)”


      Note: - The principal notification was published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide Notification No. 36/2001–Customs (N.T.), dated the 3rd August, 2001, vide number S. O. 748 (E), dated the 3rd August, 2001 and was last amended vide Notification No. 65/2020-Customs (N.T.), dated the 31st July, 2020, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 2565 (E), dated 31st July, 2020.

      Source : PIB

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      Indian Govt Scheme - Sarkari Yojna - सरकारी योजना: Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver
      Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver
      Indian Govt Scheme - Sarkari Yojna - सरकारी योजना
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