Tariff Value of Gold, Silver Increased

By Vijay Kumar

THE Government has increased the Tariff value of Gold from 375 USD to 385 USD per 10 gms. The tariff value of Silver is also increased from 512 USD to 543 USD per kilogram.

Tariff values of all the oils, Brass Scrap and Poppy Seeds have been reduced.The Tariff value of Areca Nuts per Metric Ton continues to remain at USD 2280.

The Tariff values as on 13.03.2015 and with effect from 31.03.2015 are as under:

S. No.	Chapter/ heading/ sub-heading/tariff item	Description of goods	Tariff value USD (Per Metric Tonne) from 13.03.2015	Tariff value USD (Per Metric Tonne) from 31.03.2015
Table 1
(1)	(2)	(3)	(5)	(6)
1	1511 10 00	Crude Palm Oil	686	656
2	1511 90 10	RBD Palm Oil	703	665
3	1511 90 90	Others - Palm Oil	695	661
4	1511 10 00	Crude Palmolein	707	667
5	1511 90 20	RBDPalmolein	710	670
6	1511 90 90	Others -Palmolein	709	669
7	1507 10 00	Crude Soyabean Oil	800	734
8	7404 00 22	Brass Scrap (all grades)	3495	3480
9	1207 91 00	Poppy seeds	3747	2817
Table 2
S. No.	Chapter/ heading/ sub-heading/tariff item	Description of goods	Tariff value USD from 13.03.2015	Tariff value USD from 31.03.2015
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.	375 per 10 grams	385 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.	512per kilogram	543 per kilogram
Table 3
S. No.	Chapter/ heading/ sub-heading/tariff item	Description of goods	Tariff value USD (Per Metric Tons) from 13.03.2015	Tariff value USD (Per Metric Tons) from 31.03.2015
1	080280	Areca nuts	2280	2280

Notification No. , Dated: March 31, 2015

Long weekend for GOI - Thursday and Friday are holidays

Until Monday with more DDT

Have a nice extended weekend.

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