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- 31 Jan 2012
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Notification No. 10/2012–Customs (N.T.) – Government has increased the tariff values of Brass Scrap (all grades) from USD 4007 to USD 4078 and changed the tariff value of poppy seeds from USD 1970 to 2205.The Tariff Value of Gold is increased from 526 to 556 USD per 10 grams and the tariff value of silver is increased from 953 to 1067 per kilogram. Tariff value was fixed for gold and silver only last month by Notification No. 2/2012-Cus(NT) dated 13th January 2012. There is no change in the tariff value of other items.
Amends Notification No. 36/2001-Customs(N.T) dated 3rd August 2001
Notification No. 10/2012 – Customs (N. T.)
New Delhi, 31st 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, 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 |
484 (i.e. no change) |
|
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) |
4078 |
|
9 |
1207 91 00 |
Poppy seeds |
2205 |
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 |
556 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 |
1067 per kilogram” |
[F. No. 467/01/2012-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. 4/2012-Customs (N.T.) dated, the 17th January, 2012, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 81 (E) dated, the 17th January, 2012.
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