Increase in Tariff Values of Gold within a day
IT was only yesterday that DDT reported the revised tariff value rates by Notification No. , dated 14th June 2016 and the Government revised the rates again yesterday.
Gold sees a small hike while Silver has a 31 dollar hike. All the oils except crude soyabean will now have reduced tariff values and so will brass scrap. There is a small hike in arecanuts while poppy seeds remain static.
Table 1 | ||||
S. No. | Chapter/ heading/ sub-heading/tariff item | Description of goods | Tariff value USD (Per Metric Tonne) as on 14.06.2016 | Tariff value USD (Per Metric Tonne) from 15.06.2016 |
|---|---|---|---|---|
(1) | (2) | (3) | (5) | (6) |
1 | 1511 10 00 | Crude Palm Oil | 715 | 710 |
2 | 1511 90 10 | RBD Palm Oil | 729 | 716 |
3 | 1511 90 90 | Others - Palm Oil | 722 | 713 |
4 | 1511 10 00 | Crude Palmolein | 746 | 724 |
5 | 1511 90 20 | RBD Palmolein | 749 | 727 |
6 | 1511 90 90 | Others - Palmolein | 748 | 726 |
7 | 1507 10 00 | Crude Soyabean Oil | 782 | 800 |
8 | 7404 00 22 | Brass Scrap (all grades) | 2970 | 2933 |
9 | 1207 91 00 | Poppy seeds | 2533 | 2533 |
Table 2 | ||||
S. No. | Chapter/ heading/ sub-heading/tariff item | Description of goods | Tariff value USD from 14.06.2016 | Tariff value USD from 15.06.2016 |
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. | 416 per 10 grams | 418 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. | 531 per kilogram | 562 per kilogram |
Table 3 | ||||
S. No. | Chapter/ heading/ sub-heading/tariff item | Description of goods | Tariff value USD (Per Metric Tons) from 14.06.2016 | Tariff value USD (Per Metric Tons) from 15.06.2016 |
1 | 080280 | Arecanuts | 2617 | 2630 |
Notification No. ., Dated: June 15, 2016
Until Tomorrow with more DDT
Have a nice day.
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