Slight Increase in Tariff Value of Gold and Silver
GOVERNMENT has marginally increased the tariff value of gold and silver and the values of other items except poppy seeds and arecanuts are changed.
Table 1 | ||||
S. No. | Chapter/ heading/ sub-heading/tariff item | Description of goods | Tariff value USD (Per Metric Tonne) as on 31.08.2016 | Tariff value USD (Per Metric Tonne) from 15.09.2016 |
|---|---|---|---|---|
(1) | (2) | (3) | (5) | (6) |
1 | 1511 10 00 | Crude Palm Oil | 770 | 766 |
2 | 1511 90 10 | RBD Palm Oil | 786 | 780 |
3 | 1511 90 90 | Others - Palm Oil | 778 | 773 |
4 | 1511 10 00 | Crude Palmolein | 788 | 793 |
5 | 1511 90 20 | RBD Palmolein | 791 | 796 |
6 | 1511 90 90 | Others - Palmolein | 790 | 795 |
7 | 1507 10 00 | Crude Soyabean Oil | 848 | 817 |
8 | 7404 00 22 | Brass Scrap (all grades) | 3045 | 3004 |
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 31.08.2016 | Tariff value USD from 15.09.2016 |
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. | 428 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. | 612 per kilogram | 620 per kilogram |
Table 3 | ||||
S. No. | Chapter/ heading/ sub-heading/tariff item | Description of goods | Tariff value USD (Per Metric Tons) from 31.08.2016 | Tariff value USD (Per Metric Tons) from 15.09.2016 |
1 | 080280 | Arecanuts | 2623 | 2623 |
Notification No. ., Dated: September 16 2016
The fundamental class division in any society is not between rich and poor, or between farmers and city dwellers, but between taxpayers and tax consumers.
Until Monday with more DDT
Have a nice weekend.
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