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Tariff Notification No. 78/2023-Customs (N.T.) in respect of Fixation of Tariff Value for edible oil, brass scrap, areca nut, gold and silver

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..... Tariff Notification No. 78/2023-Customs (N.T.) in respect of Fixation of Tariff Value for edible oil, brass scrap, areca nut, gold and silver - News and Press Release Dated:- 23-10-2023 - News - 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 exp .....

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..... edient 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 TAB .....

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..... LE-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) .....

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..... 1 1511 10 00 Crude Palm Oil 859 (i.e., no change) 2 1511 90 10 RBD Palm Oil 863 (i.e., no change) 3 1511 90 90 Others Palm Oil 861 (i.e., no change) 4 .....

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..... 1511 10 00 Crude Palmolein 868 (i.e., no change) 5 1511 90 20 RBD Palmolein 871 (i.e., no change) 6 1511 90 90 Others Palmolein 870 (i.e., no change) 7 15 .....

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..... 07 10 00 Crude Soya bean Oil 972 (i.e., no change) 8 7404 00 22 Brass Scrap (all grades) 4682 (i.e., no change) TABLE-2 Sl. No. Chapter/ heading/ sub-heading/tariff item Description of goods .....

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..... 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 640 per 10 grams .....

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..... 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 716 per kilogram (i.e., no change) 3. 71 (i) Silver, in any form, other than medallions and silver coins having .....

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..... 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 shal .....

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..... l not include foreign currency coins, jewellery made of silver or articles made of silver. 716 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 be .....

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..... low 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. 640 per 10 grams TABLE-3 Sl. N .....

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..... o. Chapter/ heading/ sub-heading/tariff item Description of goods Tariff value (US $ Per Metric Tonne) (1) (2) (3) (4) 1 080280 Areca nuts 8068 (i.e., no change) .....

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..... This notification shall come into force with effect from the 24th day of October, 2023. 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. 75/20 .....

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..... 23-Customs (N.T.), dated the 13th October, 2023, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 4507(E), dated 13th October, 2023 . - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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