Tariff Values of Gold marginally Decreased -Other Items see big changes

By Vijay Kumar

THE Government has decreased the Tariff values of Gold from 442 USD to 440 USD per 10 gms with effect from yesterday. The tariff value for silver has been hiked from 699 to 738 USD. Other items except poppy seeds and areca nuts have new tariff values.

It was only two days ago that Government changed the tariff value of gold.

Tariff values as on 29.10.2013 and with effect from 31.10.2013 are as under:

Table 1

S. No.	Chapter/ heading/ sub-heading/tariff item	Description of goods	Tariff value USD(Per Metric Tonne) from 29.10.2013	Tariff value USD(Per Metric Tonne) from 31.10.2013
(1)	(2)	(3)	(4)	(5)
1	1511 10 00	Crude Palm Oil	811	849
2	1511 90 10	RBD Palm Oil	862	893
3	1511 90 90	Others - Palm Oil	837	871
4	1511 10 00	Crude Palmolein	866	897
5	1511 90 20	RBDPalmolein	869	900
6	1511 90 90	Others -Palmolein	868	899
7	1507 10 00	Crude Soyabean Oil	952	1006
8	7404 00 22	Brass Scrap (all grades)	3933	3840
9	1207 91 00	Poppy seeds	2556	2556 - No change

Table 2

S. No.	Chapter/ heading/ sub-heading/tariff item	Description of goods	Tariff value (USD) from 29.10.2013	Tariff value (USD) from 31.10.2013
(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	442 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	699 per kilogram -	738 per kilogram

Table 3

S. No.	Chapter/ heading/ sub-heading/tariff item	Description of goods	Tariff Value (USD Per Metric Tons) from 29.10.2013	Tariff Value (USD Per Metric Tons) from 31.10.2013
(1)	(2)	(3)	(4)	(5)
1	080280	Areca nuts	1707	1707 - No Change

Notification No. , Dated: October 31, 2013