TIOL-DDT 2118 · Monday, 3 June 2013 · story 3 of 6
Tariff Values for Gold increased & Silver decreased
By Vijay Kumar
THE Central Government has increased the Tariff Value (USD) of gold and reduced that of Silver. The tariff values of various Palm oils, Palmolein have been increased. Tariff value of Crude Soyabean oil and Poppy seeds remain stationary and that of Brass scrap looks south wards.
The marriage season is about to end and the appeal made to the ‘common man' by the Finance Minister to contain their passion for gold seems to have made no dent.
The rates as on 21.05.2013 and 31.05.2013 are as under:
Table 1
S. No.
Chapter/ heading/ sub-heading/tariff item
Description of goods
Tariff value USD(Per Metric Tonne) from 21.5.2013
Tariff value USD(Per Metric Tonne) from 31.5.2013
(1)
(2)
(3)
(4)
(5)
1
1511 10 00
Crude Palm Oil
831
843
2
1511 90 10
RBD Palm Oil
836
854
3
1511 90 90
Others - Palm Oil
834
849
4
1511 10 00
Crude Palmolein
840
860
5
1511 90 20
RBD Palmolein
843
863
6
1511 90 90
Others - Palmolein
842
862
7
1507 10 00
Crude Soyabean Oil
1075
1075 (No change)
8
7404 00 22
Brass Scrap (all grades)
3910
3859
9
1207 91 00
Poppy seeds
4395
4395 (No change)
Table 2
S. No.
Chapter/ heading/ sub-heading/tariff item
Description of goods
Tariff value (USD) from 21.5.2013
Tariff value (USD) from 31.5.2013
(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
440 per 10 grams
459 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