Customs – Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, Others – Palmolein and Crude Soyabean Oil

Notification No. 08/2013-Customs (N.T.),  Dated- 23rd January, 2013

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

802

2

1511 90 10

RBD Palm Oil

853

3

1511 90 90

Others – Palm Oil

828

4

1511 10 00

Crude Palmolein

860

5

1511 90 20

RBD Palmolein

863(i.e. no change)

6

1511 90 90

Others – Palmolein

862

7

1507 10 00

Crude Soyabean Oil

1190

8

7404 00 22

Brass Scrap (all grades)

4106(i.e. no change)

9

1207 91 00

Poppy seeds

4395(i.e. no change)

TABLE-2

S. 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

542 per 10 grams(i.e. no change)

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

999 per kilogram(i.e. no change)

 [F. No. 467/01/2013-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 3rdAugust, 2001 and was last amended vide Notification No. 03/2013-Customs (N.T.), dated the 15th January, 2013, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 170 (E) Dated, the 15th January, 2013.

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0 responses to “Notification No. 08/2013 – Customs (N. T.), Dated- 23rd January, 2013”

  1. Ramanathan Venkatraman says:

    The edible oil industry in India, does not get the support of the Government, so much so, its kharif and Rabi production and oil seed from tree origin (Palm and Coconut) does not suffice consumption demand. Instead of plowing in money to restructure the oil seed industry, and make it more productive by spending money from the V Year Plans, we encourage imports. 100 lakh MT is our import. After petroleum products, our major import bill is confined to edible oils. The indigenous oil seed industry bleeds; yet, under a notional inflation argument, GoI will never forgo imports, which is cruising at 30% p.a. annually. The absurdity of it was 0% for import of Crude Palm Oil and 7.5% for RBD Palmolein, that too levied on a Tariff value which represents 40% of the international price of the product. Now the programmme of import, is most ill conceived. According to the Tariff value, the Crude Palm oil is $802/a tonne against last fortnight’s $447 which was stagnant for the last 4 years (since 2008).Our Finance Ministry thinks that it is the only body which knows Economics!

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