image

CBEC Fixes tariff value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

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

Government of India

Ministry of Finance

(Department of Revenue)

(Central Board of Excise and Customs)

Notification No. 74/2017-CUSTOMS (N.T.)

New Delhi, 31st July, 2017

9 Shravana, 1939 (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 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, 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 15111 00 00 Crude Palm Oil 678
2 15111 90 10 RBD Palm Oil 697
3 15111 90 90 Others – Palm Oil 688
4 15111 00 00 Crude Palmolein 705
5 15111 90 20 RBD Palmolein 708
6 15111 90 90 Others – Palmolein 707
7 15111 00 00 Crude Soya bean Oil 820
8 17404 00 22 Brass Scrap (all grades) 3369
9 1207 91 00 Poppy seeds 2418

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 and 358 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed 678
2 71 or 98 Silver, in any form, in respect of which the benefit of entries at serial number 357 and 359 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed 697

 

TABLE-3

Sl. No. Chapter/ heading/ sub-heading/tariff item Description of goods Tariff value (US $)
(1) (2) (3) (4)
1 080280 Areca Nuts 3320”

 

[F. No. 467/01/2017 -Cus-V]

(Satyajit Mohanty) Director (ICD)

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. 71/2017-Customs (N.T.), dated the 14th July, 2017, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Subsection (ii), vide number S. O. 2220(E), dated 14th July, 2017.

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Leave a Reply

Your email address will not be published. Required fields are marked *

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates