Tariff Value of Gold, Silver and other items reduced

By Vijay Kumar

THE Government has decreased the Tariff value of Gold from 398 USD to 392 USD per 10 gms and that of Silver from 643 to 638 USD per kilogram with effect from 31.12.2013. The Tariff Values of oil have also been reduced. However the tariff values of brass scrap and poppy seeds have been increased. There is no change in the tariff value of areca nuts.

The Tariff values as on 13.12 .2013 and with effect from 31 .12.2013 are as under:

Table 1

S. No.	Chapter/ heading/ sub-heading/tariff item	Description of goods	Tariff value USD (Per Metric Tonne) from 13.12.2013	Tariff value USD(Per Metric Tonne) from 31.12.2013
(1)	(2)	(3)	(5)	(4)
1	1511 10 00	Crude Palm Oil	912	892
2	1511 90 10	RBD Palm Oil	947	922
3	1511 90 90	Others - Palm Oil	930	907
4	1511 10 00	Crude Palmolein	954	925
5	1511 90 20	RBDPalmolein	957	928
6	1511 90 90	Others -Palmolein	956	927
7	1507 10 00	Crude Soyabean Oil	995	958
8	7404 00 22	Brass Scrap (all grades)	3930	3940
9	1207 91 00	Poppy seeds	3154	3195

Table 2

S. No.	Chapter/ heading/ sub-heading/tariff item	Description of goods	Tariff value (USD) from 13.12.2013	Tariff value (USD) from 31.12.2013
(1)	(2)	(3)	(5)	(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	398 per 10 grams	392 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	643 per kilogram	638 per kilogram

Table 3

S. No.	Chapter/ heading/ sub-heading/tariff item	Description of goods	Tariff Value (USD Per Metric Tons) from 13.12.2013	Tariff Value (USD Per Metric Tons) from 31.12.2013
(1)	(2)	(3)	(5)	(4)
1	080280	Areca nuts	1816	1816 (no change)

Notification No. , Dated: December 31, 2013