20 May 2012

Change in Tariff Value of Brass Scrap, Poppy Seeds, Gold and Silver Notified


The Central Board of Excise and Customs (CBEC), Department of Revenue, Ministry of Finance has issued a Notification No. 42/2012-Customs (N.T.) dated May 15, 2012 and thereby notifying change in tariff value of Brass Scrap (all grades), Poppy Seeds, Gold  and Silver as shown in the tables below:

“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)
4362
9
1207 91 00
Poppy seeds
3680
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
507 per 10 grams
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
920 per kilogram”

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