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December 2, 2022

Tariff Customs Notification in respect of Fixation of Tariff Value for Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

by CA Shivam Jaiswal in GST

Tariff Customs Notification in respect of Fixation of Tariff Value for Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of
1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and
expedient to do so, hereby makes the following amendments in the notification of the Government
of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the
3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section
(ii), vide number S. O. 748 (E), dated the 3rd August, 2001, namely:-


In the said notification, for TABLE-1, TABLE-2, and TABLE-3 the following Tables shall be substituted,
namely: –

“TABLE-1

Sl. No.Chapter/ heading/
sub-heading/tariff
item
Description of goodsTariff value
(US $Per Metric
Tonne)
(1)(2)(3)(4)
11511 10 00Crude Palm Oil971
21511 90 10RBD Palm Oil977
31511 90 90Others – Palm Oil974
41511 10 00Crude Palmolein990
51511 90 20RBD Palmolein993
61511 90 90Others – Palmolein992
71507 10 00Crude Soya bean Oil1360
87404 00 22Brass Scrap (all grades)4800

TABLE-2

S l .
No.
Chapter/ heading/
sub-heading/tariff
item
Description of goodsTariff value
(US $)
(1)(2)(3)(4)
1.71 or 98Gold, in any form, in respect of which
the benefit of entries at serial number
356 of the Notification No. 50/2017-
Customs dated 30.06.2017 is availed
565 per 10 grams
71 or 98Silver, in any form, in respect of which699 per kilogram
2.the benefit of entries at serial number
357 of the Notification No. 50/2017-
Customs dated 30.06.2017 is availed
3.71(i) Silver, in any form, other than
medallions and silver coins having silver
content not below 99.9% or semimanufactured
forms of silver falling under sub-heading 7106 92;

(ii) Medallions and silver coins having
silver content not below 99.9% or
semimanufacturedforms of silver falling
under sub-heading 7106 92, other than
imports of such goods through post, courier or baggage.

Explanation. – For the purposes of this entry,
silver in any form shall not include foreign currency coins, jewellery made of silver
or articles made of silver.
699 per kilogram
4. 71(i) Gold bars, other than tola bars, bearing
manufacturer’s or refiner’s engraved serial number
and weight expressed in metric units;

(ii) Gold coins having gold content not
below 99.5% and gold findings, other
than imports of such goods through post,
courier or baggage.

Explanation. – For the purposes of this
entry, “gold findings” means a small
component such as hook, clasp, clamp,
pin, catch, screw back used to hold the
whole or a part of a piece of Jewellery in
place.
565 per 10 grams

TABLE-3

S l .
No.
Chapter/ heading/
sub-heading/tariff
item
Description of goodsTariff value
(US $ Per Metric Tonne)
(1)(2)(3)(4)
1.080280Areca nuts7333 (i.e., no change)”

This notification shall come into force with effect from the 01st day of December, 2022.
Note: – The principal notification was published in the Gazette of India, Extraordinary, Part-II, Section-3,
Sub-section (ii), vide Notification No. 36/2001–Customs (N.T.), dated the 3rd August, 2001, vide number S.
O. 748 (E), dated the 3rd August, 2001 and was last amended vide Notification No. 96/2022-Customs (N.T.), dated the 15th November, 2022, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub section (ii), vide number S.O. 5310(E), dated 15th November, 2022.

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