TIOL-DDT 2539 · Monday, 16 February 2015 · story 4 of 6

Tariff Value of Gold, Silver Decreased

THE Government has decreased the Tariff value of Gold from 412 USD to 397 USD per 10 gms. The tariff value of Silver is also decreased from 568 USD to 551 USD per kilogram.

Tariff values of all other items except Poppy seeds have seen changes.

The Tariff values as on 30.01.2015 and with effect from 13.02.2015 are as under:

Table 1

S. No.

Chapter/ heading/ sub-heading/tariff item

Description of goods

Tariff value USD (Per Metric Tonne)
from 30.01.2015

Tariff value USD (Per Metric Tonne)
from 13.02.2015

(1)

(2)

(3)

(5)

(6)

1

1511 10 00

Crude Palm Oil

681

669

2

1511 90 10

RBD Palm Oil

707

710

3

1511 90 90

Others - Palm Oil

694

690

4

1511 10 00

Crude Palmolein

724

719

5

1511 90 20

RBD Palmolein

727

722

6

1511 90 90

Others -Palmolein

726

721

7

1507 10 00

Crude Soyabean Oil

864

792

8

7404 00 22

Brass Scrap (all grades)

3537

3484

9

1207 91 00

Poppy seeds

3747

3747

Table 2

S. No.

Chapter/ heading/ sub-heading/tariff item

Description of goods

Tariff value USD
from 30.01.2015

Tariff value USD
from 13.02.2015

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.

412 per 10 grams

397 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.

568 per kilogram

551 per kilogram

Table 3

S. No.

Chapter/ heading/ sub-heading/tariff item

Description of goods

Tariff value USD (Per Metric Tons)
from 30.01.2015

Tariff value USD (Per Metric Tons)
from 15.02.2015

1

080280

Areca nuts

2183

2280