81/2012-Cus(N.T.), Dated: 14/09/2012

 

Amends Notification No. 36/2001-Customs (N. T.) dated the 3rd August, 2001

[TO BE PUBLISHED THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (ii)]
Government of India
Ministry of Finance
(Department of Revenue)
(Central Board of Excise and Customs)
Notification
No. 81/2012-CUSTOMS (N. T.)

New Delhi, 14th, September,2012
23 Bhadrapada, 1934 (SAKA)

S.O. ____ (E).– 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 Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment 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 and TABLE-2, the following Tables shall be substituted namely:-

“TABLE-1

S. No. Chapter/ heading/ sub-heading/tariff item Description of goods Tariff value US $
(Per Metric Tonne)
(1) (2) (3) (4)
1 1511 10 00 Crude Palm Oil 447 (i.e. no change)
2 1511 90 10 RBD Palm Oil 476 (i.e. no change)
3 1511 90 90 Others – Palm Oil 462 (i.e. no change)
4 1511 10 00 Crude Palmolein 481 (i.e. no change)
5 1511 90 20 RBD Palmolein 1042
6 1511 90 90 Others – Palmolein 483 (i.e. no change)
7 1507 10 00 Crude Soyabean Oil 580 (i.e. no change)
8 7404 00 22 Brass Scrap (all grades) 3996
9 1207 91 00 Poppy seeds 5346

TABLE-2

S. No. Chapter/ heading/ sub-heading/tariff item Description of goods Tariff value
(US $)
(1) (2) (3) (4)
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 563.50 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 1102 per kilogram ”

[F. No. 467/01/2012-Cus.V Pt. I]
 
(Abhinav Gupta)
Under Secretary to the Government of India

 

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 3rdAugust, 2001 and was last amended vide Notification No. 79/2012-Customs (N.T.), dated the 31th August, 2012, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 2012 (E) dated, the 31th August, 2012.

Opinion

The Tariff Value of 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 has now been increased from US$ 540 per 10 grams to US$ 563.50 per 10 grams and for silver from US$ 996 per Kilogram to US$ 913 per 1102 per Kilogram.
 
Similarly, Tariff value of RBD Palmolein has been changed to US$ 1042 per MT, and of Brass scrap has been changed to US$ 3996 per MT and of Poppy Seeds has been changed to US$5346.