Tariff Value of Gold, Silver increased
THE Government has reduced the Tariff value of Gold from 424 USD to 408 USD per 10gms and that of Silver from 650 to 617 USD per kilogram with effect from 30.05.2014. The Tariff values of all Oils have been changed. Tariff value of Brass scrap sees a slight decrease. However, the Tariff values of Poppy Seeds and Areca Nuts refuse to budge. The Tariff values as on 15.05.2014 and with effect from 30.05.2014 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) | (5) | |
1 | 1511 10 00 | Crude Palm Oil | 905 | 897 |
2 | 1511 90 10 | RBD Palm Oil | 938 | 945 |
3 | 1511 90 90 | Others - Palm Oil | 922 | 921 |
4 | 1511 10 00 | Crude Palmolein | 946 | 953 |
5 | 1511 90 20 | RBDPalmolein | 949 | 956 |
6 | 1511 90 90 | Others -Palmolein | 948 | 955 |
7 | 1507 10 00 | Crude Soyabean Oil | 946 | 962 |
8 | 7404 00 22 | Brass Scrap (all grades) | 3891 | 3890 |
9 | 1207 91 00 | Poppy seeds | 3255 | 3255 |
Table 2 | ||||
S. No. | Chapter/ heading/ sub-heading/tariff item | Description of goods | Tariff value USD | Tariff value USD |
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 | 424 per 10 grams | 408 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 | 650 per kilogram | 617 per kilogram |
Table 3 | ||||
S. No. | Chapter/ heading/ sub-heading/tariff item | Description of goods | Tariff value USD (Per Metric Tons) | Tariff value USD (Per Metric Tons) |
1 | 080280 | Areca nuts | 1908 | 1908 |
Notification No. , Dated: May 30, 2014