notification no. 134/2013-Cus(NT),dt. 31-12-2013
Amends Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (ii)] Notification No.134/2013-Customs (N. T.) New Delhi, 31st December, 2013 10 Pausha, 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, TABLE-2, and TABLE-3 the following Tables shall be substituted namely:- “TABLE-1
TABLE-2
TABLE-3
[F. No. 467/01/2013-Cus.V Pt-I](M. Satish Kumar Reddy) 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. 130/2013-Customs (N.T.), dated the 13th December, 2013, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O 3667 (E) Dated, the 13th December, 2013. OpinionThe Central Government revises the tariff values of price sensitive products from time to time. This notification seeks to amend the tariff values of certain items. The tariff value of Crude & RBD Palmolein, Crude & RBD Palm Oil, other Palm oil have been reduced while the tariff values of Brass Scrap and Poppy seeds have been increased. The tariff value of gold, silver and Areca Nuts remains unchanged. A comparative analysis of the change is depicted in the table below:- “TABLE-1
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