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71/2017-Cus (NT),dt. 14.07.2017

Seeks to fix new tariff value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver fixed. (See notification no. 71/2017 dt. 14.07.2017 in What’s New)
To view the notification click here.

Opinion

This notification seeks to amend notification no. 36/2001 of Customs Act which states different tariff value for prescribed items. This notification seeks to replace existing notification no. with 71/2017 dated 14-07-2017 with new tariff value for edible oils, brass scrap, poppy seeds, areca nut, gold and silver.
TABLE-1
Sl. No Chapter/ heading/ sub-heading/tariff
item
 
Description Of goods Tariff value
US $Per Metric Tonne
NOW
Tariff value
US $Per Metric Tonne
EARLIER
1 15111000 Crude Palm Oil
 
693 697
2 15119010 RBD Palm Oil
 
709 706
3 15119090 Others -Palm Oil
 
701 702
4 15111000 Crude Palmolein
 
717 713
5 15119020 RBD Palmolein
 
720 716
6 15119090 Others -Palmolein
 
719 715
7 15071000 Crude Soya bean Oil
 
812 803
8 74040022 Brass Scrap (all grades)
 
3340 3304
9 12079100 Poppy seeds
 
2510 2510
 
 
 
TABLE-2
Sl. No. Chapter/ heading/ sub-heading/tariff item
 
Description of goods Tariff value
(US $)
EARLIER
Tariff value
(US $)
NOW
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 404 per 10 gms  396 per 10 gms
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 547 per kilogram 518 per kilogram
 
TABLE-3
Sl. No. Chapter/ heading/ sub-heading/tariff item
 
Description of goods Tariff value
(US $Per Metric Tonne)
EARLIER
Tariff value
(US $Per Metric   Tonne)
NOW
1. 080280 Areca nuts 3320 3320
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PRADEEP JAIN, F.C.A.

Head Office : -

Address :
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Phone No. :
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E-mail :pradeep@capradeepjain.com