Tariff Value of several items marginally reduced

By Vijay Kumar

THE Government has decreased the Tariff value of Gold from 407 USD to 404 USD per 10gms and that of Silver from 663 to 635 USD per kilogram with effect from 31.01.2014. Tariff values of other items are also slightly reduced.

There is no change in the tariff value of Poppy Seeds and Areca nuts. And as suggested by us in , the Board has done away with insertion of remarks “No change” against the tariff value(s) in this notification too so as to avoid the ‘cut & paste' fracas that had happened in its notifications 111/2013-Cus(NT) and 116/2013-Cus(NT) and reported by us in & 2242.

Incidentally, the remarks “No change” appearing in the table below have been added by us for quick reference.

The Tariff values as on 15 .01.2014 and with effect from 31.01.2014 are as under:

S. No.	Chapter/ heading/ sub-heading/tariff item		Description of goods	Tariff value USD(Per Metric Tonne) from 15.01.2014	Tariff value USD (Per Metric Tonne) from 31.01.2014
Table 1
(1)	(2)		(3)	(4)	(5)
1	1511 10 00		Crude Palm Oil	877	857
2	1511 90 10		RBD Palm Oil	897	880
3	1511 90 90		Others - Palm Oil	887	869
4	1511 10 00		Crude Palmolein	899	896
5	1511 90 20		RBDPalmolein	902	899
6	1511 90 90		Others -Palmolein	901	898
7	1507 10 00		Crude Soyabean Oil	944	917
8	7404 00 22		Brass Scrap (all grades)	3995	3959
9	1207 91 00		Poppy seeds	3195	3195 (No Change)
Table 2
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		407 per 10 grams	404 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		663 per kilogram	635 per kilogram
Table 3
1	080280	Areca nuts		1816	1816 (no change)

Notification No. , Dated: January 31, 2014