Tariff Values for Gold, Silver & Areca Nuts increased
THE Central Government has increased the Tariff Value of Gold & Silver and which is nothing new. The Tariff value of Areca Nuts has increased for the first time after they were notified on 25th June, 2013. The Tariff values of various Palm oils, Palmolein, Crude Soyabean oil and Brass Scrap have been reduced. Poppy seeds manage to stay put after the drastic fall it had suffered on 31 st July, 2013.
The rates as on 31.07.2013 and with effect from 14.08.2013 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 | 820 | 808 |
2 | 1511 90 10 | RBD Palm Oil | 855 | 851 |
3 | 1511 90 90 | Others - Palm Oil | 838 | 830 |
4 | 1511 10 00 | Crude Palmolein | 868 | 854 |
5 | 1511 90 20 | RBDPalmolein | 871 | 857 |
6 | 1511 90 90 | Others - Palmolein | 870 | 856 |
7 | 1507 10 00 | Crude Soyabean Oil | 952 | 928 |
8 | 7404 00 22 | Brass Scrap (all grades) | 3828 | 3743 |
9 | 1207 91 00 | Poppy seeds | 2648 | 2648 |
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 | 430 per 10 grams | 432 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 | 639 per kilogram | 697 per kilogram |
Table 3
S. No. | Chapter/ heading/ sub-heading/tariff item | Description of goods | Tariff Value (USD Per Metric Tons) from 31.7.2013 | Tariff Value (USD Per Metric Tons) from 14.8.2013 |
|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) |
1 | 080280 | Areca nuts | 1613 | 1683 |
Notification No. , Dated: August, 14, 2013