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Notification No. 15/2022-Customs (NT)-Dated: 8th March, 2022 Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
New Delhi, the

NOTIFICATION  NO. 15/2022-CUSTOMS (N.T.) | Dated: 8th March, 2022

S.O. 1024(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 Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments 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: –

Tariff Notification No. 15-2022-Customs (NT)-Dated 8th March, 2022

“TABLE-1

Sl. 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 1377 (i.e., no change)
2 1511 90 10 RBD Palm Oil 1420 (i.e., no change)
3 1511 90 90 Others – Palm Oil 1399 (i.e., no change)
4 1511 10 00 Crude Palmolein 1426 (i.e., no change)
5 1511 90 20 RBD Palmolein 1429 (i.e., no change)
6 1511 90 90 Others – Palmolein 1428 (i.e., no change)
7 1507 10 00 Crude Soya bean Oil 1475 (i.e., no change)
8 7404 00 22 Brass Scrap (all grades) 5821 (i.e., no change)

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 of the Notification  No. 50/2017-Customs dated 30.06.2017 is availed 638 per 10 grams
2. 71 or 98 Silver, in any form, in respect of which the benefit of entries at serial number 357 of the Notification  No. 50/2017-Customs dated 30.06.2017 is availed 788 per kilogram
(i.e., no change)
3. 71 (i)   Silver, in any form, other than medallions and silver coins having silver content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92;

(ii) Medallions and silver coins having silver content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92, other than imports of such goods through post, courier or baggage.

Explanation. – For the purposes of this entry, silver in any form shall not include foreign currency coins, jewellery made of silver or articles made of silver.

788 per kilogram
(i.e., no change)
4. 71 (i)   Gold bars, other than tola bars, bearing manufacturer’s or refiner’s engraved serial number and weight expressed in metric units;

(ii) Gold coins having gold content not below 99.5% and gold findings, other than imports of such goods through post, courier or baggage.

Explanation. – For the purposes of this entry, ―gold findings” means a small component such as hook, clasp, clamp, pin, catch, screw back used to hold the whole or a part of a piece of Jewellery in place.

638 per 10 grams

TABLE-3

Sl.
No.
Chapter/ heading/ sub-
heading/tariff item
Description of goods Tariff value

(US $ Per Metric Tonne)

(1) (2) (3) (4)
1 080280 Areca nuts 5589 (i.e., no change)”

2. This notification shall come into force with effect from the 9th day of March, 2022.

[F. No. 467/01/2022-Cus-V]

BULLO MAMU, Under Secy.

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. 12/2022-Customs (N.T.), dated the 28th February, 2022, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 900 (E), dated 28th February, 2022.

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