Change in Tariff Value of Gold and Silver 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 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	808 (i.e. no change)
2	1511 90 10	RBD Palm Oil	851(i.e. no change)
3	1511 90 90	Others – Palm Oil	830(i.e. no change)
4	1511 10 00	Crude Palmolein	854(i.e. no change)
5	1511 90 20	RBD Palmolein	857(i.e. no change)
6	1511 90 90	Others – Palmolein	856(i.e. no change)
7	1507 10 00	Crude Soyabean Oil	928(i.e. no change)
8	7404 00 22	Brass Scrap (all grades)	3743(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	461 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	803 per kilogram

TABLE-3

Sl. No.

Chapter/ heading/ sub-heading/tariff item

Description of goods

Tariff value

(US $ Per Metric Tons )

(1)

(2)

(3)

(4)

080280

Areca nuts

1870 (i.e. no change) ”