03/2013-Cus(NT),dated 15-01-2013
 

Seeks to amend Tariff values of various items

[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. 03/2013-Customs (N. T.)

New Delhi,15th January, 2013
25  Pausha, 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 863
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) 4106
9 1207 91 00 Poppy seeds 4395
 
 
 

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 542 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 999 per kilogram
 
 

[F. No. 467/01/2013-Cus.-V]
 
(M. Satish Kumar Reddy)
Director, 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. 115/2012-Customs (N.T.), dated the 31st  December, 2012, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O.  3070 (E) Dated, the31st  December, 2012.

Opinion

This notification seeks to amend the tariff value (in US$ per metric tonne) of RBD Palmolein (tariff heading 1511 90 20) from 835 to 863, Brass Scrap (all grades) (tariff heading 7404 00 22) from 4090 to 4106, Poppy seeds (tariff heading 1207 91 00) from 4870 to 4395. Further it also alters the tariff value (in US$) of gold (sub heading or tariff item 71 or 98) from 539 to 542 per 10 grams and of silver 979 to 999 per kilogram respectively, both, in any form, in respect of which the benefit of entries at serial number (321 and 323) and (322 and 324) respectively of the Notification No. 12/2012-Customs dated 17.03.2012 is availed.