Notification No. 04/2012-Customs (N.T.)

New Delhi, 17th January, 2012

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,-

(i) the “TABLE” shall be renumbered as “TABLE-1” and after “TABLE-1” as so renumbered, the following TABLE shall be inserted, namely:-

 “TABLE-2

 

S. No.

Chapter/heading/sub-heading/tariff item

Description of goods

Tariff value

(US $)

(1)

(2)

(3)

(4)

1.

71

Gold, in any form in respect of which the benefit of Notification No. 3/2012-Customs dated 16.01.2012 is availed

526 per 10 grams

2.

71

Silver, in any form in respect of which the benefit of Notification No. 3/2012-Customs dated 16.01.2012 is availed

953 per kilogram”

(ii) in the “TABLE-1” as so renumbered, S. No. 10 and 11 and the entries relating thereto shall be omitted.

[F. No. 467/2/2012-Cus.V]

(ABHINAV GUPTA)

Under Secretary 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 3rd August, 2001 and was last amended vide Notification No. 3/2012-Customs (N.T.) dated, the 16th January, 2012, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 72 (E) dated, the 16th January, 2012.

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