5.6 C
London
Friday, November 22, 2024
HomeBusinessTariff Notification No. 41/2022-Customs (N.T.) in respect of Fixation of Tariff Value...

Tariff Notification No. 41/2022-Customs (N.T.) in respect of Fixation of Tariff Value for Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date:

Related stories

Pietro Pazzi Unveils the Leadership Chronicles Series

To view the orignal page, please visit - http://www.prlog.org/13039992-pietro-pazzi-unveils-the-leadership-chronicles-series.html WARNING -...

A-Team Group Names Winners of Its RegTech Insight Awards

 A-Team Group has announced the winners of its RegTech...

Grand Opening of Tropical Realty Office in Bayahíbe, Dominican Republic

 Tropical Realty Opens New Office in Bayahíbe to Serve...

GVN Releasing Launches Mentorship & Internship Program for Emerging Creators in Entertainment

 GVN Releasing proudly announces the launch of its Mentorship...


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

1703

2

1511 90 10

RBD Palm Oil

1765

3

1511 90 90

Others – Palm Oil

1734

4

1511 10 00

Crude Palmolein

1768

5

1511 90 20

RBD Palmolein

1771

6

1511 90 90

Others – Palmolein

1770

7

1507 10 00

Crude Soya bean Oil

1827

8

7404 00 22

Brass Scrap (all grades)

5738




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

592 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

687 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.

687 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.

592 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

5477(i.e., no change)”




This notification shall come into force with effect from the 14th day of May, 2022.


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. 37/2022-Customs (N.T.), dated the 29th April, 2022, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 2030 (E), dated 29th April, 2022.




****


RM/MV/KMN




(Release ID: 1825223)
Visitor Counter : 384













Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories