[TO BE PUBLISHED IN 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.34/2015-CUSTOMS (N.T.)

 
 

New Delhi, 13th March, 2015

10  Chaitra, 1937 (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
 

Sl. 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 656
2 1511 90 10 RBD Palm Oil 665
3 1511 90 90 Others – Palm Oil 661
4 1511 10 00 Crude Palmolein 667
5 1511 90 20 RBD Palmolein 670
6 1511 90 90 Others – Palmolein 669
7 1507 10 00 Crude Soya bean Oil 734
8 7404 00 22 Brass Scrap (all grades) 3480
9 1207 91 00 Poppy seeds 2817
 
 
 
TABLE-2
Sl. 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  
385 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  
543 per kilogram
 
 
 
TABLE-3
Sl. No. Chapter/ heading/ sub-heading/tariff item  
Description of goods
Tariff value
(US $ Per Metric Tons )
(1) (2) (3) (4)
1 080280 Areca nuts 2280”
                                                                      
                                                                              [F. No. 467/01/2015 -Cus-V ]
                                                                             
                                                                                       (SATYJIT MOHANTY)
                                                                                                       Director (ICD)

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. 30/2015-Customs (N.T.), dated the 13th March, 2015, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 756 (E), dated the 13th March, 2015.
 

Opinion

CBEC hereby amends tariff values of various commodities. Tariff value of Areca nuts is constant. The comparative table for variances in tariff values is provided below:

                                                                                “TABLE-1
Sl. No. Chapter/ heading/ sub-heading/tariff item Description of goods Old Tariff value US $
(Per Metric Tonne)
New Tariff value US $
(Per Metric Tonne)
Difference value US $ (Per Metric  Tonne)
(1) (2) (3) (4) (5) (6)
1 1511 10 00 Crude Palm Oil 686 656 -30
2 1511 90 10 RBD Palm Oil 703 665 -38
3 1511 90 90 Others – Palm Oil 695 661 -34
4 1511 10 00 Crude Palmolein 707 667 -40
5 1511 90 20 RBD Palmolein 710 670 -40
6 1511 90 90 Others – Palmolein 709 669 -40
7 1507 10 00 Crude Soya bean Oil 800 734 -66
8 7404 00 22 Brass Scrap (all grades) 3495 3480 -15
9 1207 91 00 Poppy seeds 3747 2817 -930
 
                                                                         TABLE-2
Sl. No. Chapter/ heading/ sub-heading/tariff item Description of goods Old Tariff value
(US $)
New Tariff value
(US $)
Difference in Tariff Value     (US $)
(1) (2) (3) (4) (5) (6)
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 375 per 10 grams  
385 per 10 grams
 
 
+10 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 512 per kilogram     
543 per kilogram
 
 
+31 per 10 grams
 
                                                                                TABLE-3
Sl. No. Chapter/ heading/ sub-heading/tariff item Description of goods Old Tariff     value
(US $ Per Metric Tons )
New Tariff value
(US $ Per Metric Tons )
Difference      in Tariff Value     (US $ Per Metric Tons)
(1) (2) (3) (4) (4) (5)
1 080280 Areca nuts 2280” 2280” 0”