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Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver vide Notification No. 77/2022-CUSTOMS (N.T.)  Dated: 15th September, 2022.

Government of India
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes and Customs
New Delhi

Notification No. 77/2022-Customs(N.T.) | Dated: 15th September, 2022

S.O. 4344(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: –

“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 996
2 1511 90 10 RBD Palm Oil 1019
3 1511 90 90 Others – Palm Oil 1008
4 1511 10 00 Crude Palmolein 1032
5 1511 90 20 RBD Palmolein 1035
6 1511 90 90 Others – Palmolein 1034
7 1507 10 00 Crude Soya bean Oil 1362
8 7404 00 22 Brass Scrap (all grades) 4737

TABLE-2

Sl. No. Chapter/ heading/
sub-heading/tariffitem
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
549 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
635 per kilogram
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.
635 per kilogram
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.

549 per 10 grams

TABLE-3

Sl. No. Chapter/ heading/
sub-heading/tariffitem
Description of goods Tariff value (US $ Per Metric Tonne)
(1) (2) (3) (4)
1 080280 Areca nuts 6853 (i.e., no change)”

2. This notification shall come into force with effect from the 16th day of September, 2022.

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

(Harish Kumar)
Under Secretary to the Govt. 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. 72/2022-Customs (N.T.), dated the 31st August, 2022, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 4090(E), dated 31st August, 2022.

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