Global Tax Guru: #Gold #Silver #Poppyseeds and other items,New Tariff value issued for Customs Duty

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Wednesday, November 18, 2015

#Gold #Silver #Poppyseeds and other items,New Tariff value issued for Customs Duty

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (ii)]

Government of India

Ministry of Finance

(Department of Revenue)

(Central Board of Excise and Customs)

Notification No. 107/2015-CUSTOMS (N. T.)

New Delhi, 9^th November, 2015

18 Kartika, 1937 (SAKA)

S.O. … (E).– 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, 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 3^rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3^rd August, 2001, namely:-

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	575 (i.e. no change)
2	1511 90 10	RBD Palm Oil	617 (i.e. no change)
3	1511 90 90	Others – Palm Oil	596 (i.e. no change)
4	1511 10 00	Crude Palmolein	631 (i.e. no change)
5	1511 90 20	RBD Palmolein	634 (i.e. no change)
6	1511 90 90	Others – Palmolein	633 (i.e. no change)
7	1507 10 00	Crude Soya bean Oil	754 (i.e. no change)
8	7404 00 22	Brass Scrap (all grades)	3117 (i.e. no change)
9	1207 91 00	Poppy seeds	2648 (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 321 and 323 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed	354 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	517 per kilogram (i.e. no change)

TABLE-3

Sl. No.	Chapter/ heading/ sub-heading/tariff item	Description of goods	Tariff value (US $ Per Metric Tons )
(1)	(2)	(3)	(4)
1	080280	Areca nuts	2662” (i.e. no change)

[F. No. 467/01/2015 -Cus-V ]

(Kshitendra Verma)

Under Secretary to the Govt. of India

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 3^rd August, 2001, vide number S. O. 748 (E), dated the 3^rd August, 2001 and was last amended vide Notification No. 102/2015-Customs (N.T.), dated the 30^th October, 2015, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 2966 (E), dated the 30^th October, 2015.