Tariff Values for Gold Reduced
THE Central Government has reduced the Tariff Value (USD) of gold from the earlier existing 466 per 10 grams to 440 per 10 grams. The tariff values of various Palm oils, Palmolein, Soyabean oil, Brass Scrap, Poppy seeds and Silver remain stationary.
With this reduction & the ongoing marriage season, buyers and traders would continue to remain happy. It is reported that the Finance Minister has appealed to the people to contain their passion for gold.
Since the common man cannot lay his hands on the black gold coal, it seems he is trying to remain content with actual gold.
The rates as on 15.05.2013 and 21.05.2013 are as under:
Table 1
S. No. | Chapter/ heading/ sub-heading/tariff item | Description of goods | Tariff value USD(Per Metric Tonne) | Tariff value USD(Per Metric Tonne) |
|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) |
1 | 1511 10 00 | Crude Palm Oil | 831 | 831 |
2 | 1511 90 10 | RBD Palm Oil | 836 | 836 |
3 | 1511 90 90 | Others - Palm Oil | 834 | 834 |
4 | 1511 10 00 | Crude Palmolein | 840 | 840 |
5 | 1511 90 20 | RBD Palmolein | 843 | 843 |
6 | 1511 90 90 | Others - Palmolein | 842 | 842 |
7 | 1507 10 00 | Crude Soyabean Oil | 1075 | 1075 |
8 | 7404 00 22 | Brass Scrap (all grades) | 3910 | 3910 |
9 | 1207 91 00 | Poppy seeds | 4395 | 4395 |
Table 2
S. No. | Chapter/ heading/ sub-heading/tariff item | Description of goods | Tariff value | Tariff value |
|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) |
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 | 466 per 10 grams | 440 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 | 761 per kilogram | 761 per kilogram NO CHANGE |
Notification No. , Dated: May 21, 2013