Decrease in Tariff Value of Gold
GOVERNMENT has decreased the tariff value of gold and increased that of silver and brass scrap. Oils find changes both ways. No change in Poppy seeds and a small decrease in Areca Nuts.
Table 1 | ||||
S. No. | Chapter/ heading/ sub-heading/tariff item | Description of goods | Tariff value USD (Per Metric Tonne) as on 30.11.2016 | Tariff value USD (Per Metric Tonne) from 15.12.2016 |
|---|---|---|---|---|
(1) | (2) | (3) | (5) | (6) |
1 | 1511 10 00 | Crude Palm Oil | 764 | 780 |
2 | 1511 90 10 | RBD Palm Oil | 797 | 787 |
3 | 1511 90 90 | Others - Palm Oil | 781 | 784 |
4 | 1511 10 00 | Crude Palmolein | 809 | 798 |
5 | 1511 90 20 | RBD Palmolein | 812 | 801 |
6 | 1511 90 90 | Others - Palmolein | 811 | 800 |
7 | 1507 10 00 | Crude Soyabean Oil | 870 | 912 |
8 | 7404 00 22 | Brass Scrap (all grades) | 3176 | 3217 |
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 30.11.2016 | Tariff value USD from 15.12.2016 |
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. | 386 per 10 grams | 378 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. | 542 per kilogram | 561 per kilogram |
Table 3 | ||||
S. No. | Chapter/ heading/ sub-heading/tariff item | Description of goods | Tariff value USD (Per Metric Tons) from 30.11.2016 | Tariff value USD (Per Metric Tons) from 15.12.2016 |
1 | 080280 | Arecanuts | 2621 | 2613 |
Notification No. ., Dated: December 15, 2016
Until Monday with more DDT
Have a nice weekend.
Mail your comments to vijaywrite@tiol.in