Customs - Tariff Values of Gold & Silver plummet
IT was only two days ago that the Central Government reduced the Tariff Values of Gold and Silver. Reflecting the market sentiments, the Government has now again reduced the Tariff values of Gold and Silver by a significant factor. They now stand as below -
S. No. | Chapter/ heading/ sub-heading/tariff item | Description of goods | Tariff value (US $) | Tariff Value (US $) |
|---|---|---|---|---|
(1) | (2) | (3) | (4) | (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 | 499 per 10 grams | 449 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 | 890 per kilogram" | 762 per kilogram |
The Tariff values of various Palm oils, Palmolein, Brass Scrap & Poppy seeds remain unchanged.
Notification dated 17th April, 2013.