Tariff Value of Gold increased - Silver Stable
THE Government has marginally increased the Tariff value of Gold from 396 USD to 401 USD per 10 gms. The tariff value of Silver remains unchanged at 575 USD per kilogram. Tariff value of Brass scrap has been decreased. However, the Tariff value of Poppy Seeds and areca nuts are increased. The Tariff values as on 30.09.2014 and with effect from 15.10.2014 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) | (6) |
1 | 1511 10 00 | Crude Palm Oil | 725 | 725 |
2 | 1511 90 10 | RBD Palm Oil | 750 | 750 |
3 | 1511 90 90 | Others - Palm Oil | 738 | 738 |
4 | 1511 10 00 | Crude Palmolein | 762 | 755 |
5 | 1511 90 20 | RBDPalmolein | 765 | 758 |
6 | 1511 90 90 | Others -Palmolein | 764 | 757 |
7 | 1507 10 00 | Crude Soyabean Oil | 838 | 852 |
8 | 7404 00 22 | Brass Scrap (all grades) | 3987 | 3953 |
9 | 1207 91 00 | Poppy seeds | 3429 | 3641 |
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. | 396 per 10 grams | 401 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. | 575 per kilogram | 575 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 | 2017 | 2239 |
Notification No. , Dated: October 15, 2014