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Customs Duty Amendment Notification For Gold and Silver

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

Government of India
Ministry of Finance

(Department of Revenue)l

(Central Board of Excise and Customs)

 Notification No.115/2012-CUSTOMS (N. T.)

New Delhi, 31st , December, 2012

10 Pausha, 1934 (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 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 835
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) 4090
9 1207 91 00 Poppy seeds 4870

TABLE-2

S. no. Chapter/ heading/sub-heading/tariff item Description of goods Tariff value US $
(1) (2) (3) (4)
1 71 to 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
539 per 10
grams
2 71 to 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
979 per
kilogram

[F. No. 467/01/2012-Cus.V Pt. I]

(M. Satish Kumar Reddy)

Director, to the Government 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 3rd August, 2001, vide number S. O. 748 (E), dated the 3rdAugust, 2001 and was last amended vide Notification No. 109/2012-Customs (N.T.), dated the 14th December, 2012, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O 2899 (E) Dated, the 14th December, 2012.

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