Decrease in Tariff Value of Oils
GOVERNMENT has decreased the tariff value of all the oils. The Tariff value of Brass Scrap has been increased. Gold, Poppy seeds and areca nuts remain unchanged while silver sees a small reduction.
Table 1 | ||||
S. No. | Chapter/ heading/ sub-heading/tariff item | Description of goods | Tariff value USD (Per Metric Tonne) as on 05.07.2016 | Tariff value USD (Per Metric Tonne) from 15.07.2016 |
|---|---|---|---|---|
(1) | (2) | (3) | (5) | (6) |
1 | 1511 10 00 | Crude Palm Oil | 676 | 653 |
2 | 1511 90 10 | RBD Palm Oil | 700 | 657 |
3 | 1511 90 90 | Others - Palm Oil | 688 | 655 |
4 | 1511 10 00 | Crude Palmolein | 725 | 664 |
5 | 1511 90 20 | RBDPalmolein | 728 | 667 |
6 | 1511 90 90 | Others - Palmolein | 727 | 666 |
7 | 1507 10 00 | Crude Soyabean Oil | 765 | 752 |
8 | 7404 00 22 | Brass Scrap (all grades) | 2903 | 3091 |
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 05.07.2016 | Tariff value USD from 15.07.2016 |
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. | 430 per 10 grams | 430 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. | 663 per kilogram | 660 per kilogram |
Table 3 | ||||
S. No. | Chapter/ heading/ sub-heading/tariff item | Description of goods | Tariff value USD (Per Metric Tons) from 05.07.2016 | Tariff value USD (Per Metric Tons) from 15.07.2016 |
1 | 080280 | Arecanuts | 2630 | 2630 |
Notification No. ., Dated: July 15, 2016
Until Tomorrow with more DDT
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