TIOL-DDT 2942 · Monday, 3 October 2016 · story 4 of 8

Marginal dip in Tariff Value of Gold and Silver

GOVERNMENT has marginally decreased the tariff value of gold, silver & Palm oils. There is an increase in the Tariff values of Palmolein, crude soyabean oil & Brass Scrap. The Tariff values of poppy seeds and arecanuts remain put.

Table 1

S. No.

Chapter/ heading/ sub-heading/tariff item

Description of goods

Tariff value USD (Per Metric Tonne) as on 15.09.2016

Tariff value USD (Per Metric Tonne) from 30.09.2016

(1)

(2)

(3)

(5)

(6)

1

1511 10 00

Crude Palm Oil

766

767

2

1511 90 10

RBD Palm Oil

780

776

3

1511 90 90

Others - Palm Oil

773

772

4

1511 10 00

Crude Palmolein

793

811

5

1511 90 20

RBD Palmolein

796

814

6

1511 90 90

Others - Palmolein

795

813

7

1507 10 00

Crude Soyabean Oil

817

827

8

7404 00 22

Brass Scrap (all grades)

3004

3055

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 15.09.2016

Tariff value USD from 30.09.2016

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.

430 per 10 grams

428 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.

620 per kilogram

619 per kilogram

Table 3

S. No.

Chapter/ heading/ sub-heading/tariff item

Description of goods

Tariff value USD (Per Metric Tons) from 15.09.2016

Tariff value USD (Per Metric Tons) from 30.09.2016

1

080280

Arecanuts

2623

2623

Notification No. ., Dated: September 30, 2016

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