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

 
[TO BE PUBLISHED IN PART-II, SECTION-3, SUB-SECTION (ii) OF THE GAZETTE OF INDIA, EXTRAORDINARY]
Government of India
Ministry of Finance
(Department of Revenue)
(Central Board of Excise and Customs)
Notification
No. 39/2013-CUSTOMS (N. T.)

New Delhi, the 17th of April, 2013

27 Chaitra, 1935 (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 827 (i.e. no change)
2 1511 90 10 RBD Palm Oil 857 (i.e. no change)
3 1511 90 90 Others – Palm Oil 842 (i.e. no change)
4 1511 10 00 Crude Palmolein 864 (i.e. no change)
5 1511 90 20 RBD Palmolein 867 (i.e. no change)
6 1511 90 90 Others – Palmolein 866 (i.e. no change)
7 1507 10 00 Crude Soyabean Oil 1094 (i.e. no change)
8 7404 00 22 Brass Scrap (all grades) 3986 (i.e. no change)
9 1207 91 00 Poppy seeds 4395 (i.e. no change)
 

TABLE-2

S. No. Chapter/ heading/ sub-heading/tariff item Description of goods Tariff value
(US $)
(1) (2) (3) (4)
1 71 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 449 per 10 grams
2 71 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 762 per kilogram”
 

 [F. No. 467/01/2013-Cus.V]

 

(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 3rdAugust, 2001, vide number S. O. 748 (E), dated, the 3rd August, 2001 and was last amended vide Notification No. 38/2013-Customs (N.T.) dated, the 15th April, 2013, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number  S. O. 963 (E) dated, the 15th April, 2013.

 
 

Opinion

The government has power to fix tariff value of certain goods. They have reduced the tariff value of gold and silver by this notification. It is right also as prices of silver and gold are falling.