Edible Oils see yet another Price Rise

December 16, 2020 IndiaTies News Desk Agriculture & Commodities 0

Dec 15: The Central Board of Indirect Taxes & Customs has made the following amendments in the tariffs for edible oil, areca and precious metals as follows.

Sl. No.Chapter/ heading/ sub-heading/tariff itemDescription of goodsTariff value(US $Per Metric Tonne)
11511 10 00Crude Palm Oil929
21511 90 10RBD Palm Oil944
31511 90 90Others – Palm Oil937
41511 10 00Crude Palmolein950
51511 90 20RBD Palmolein953
61511 90 90Others – Palmolein952
71507 10 00Crude Soya bean Oil1054
87404 00 22Brass Scrap (all grades)4413
91207 91 00Poppy seeds3623

TABLE-2

Sl. No.Chapter/ heading/ sub-heading/tariff itemDescription of goodsTariff value(US $)
1.71 or 98Gold, in any form, in respect of which the benefit of entries at serial number 356 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed589 per 10 grams
2.71 or 98Silver, in any form, in respect of which the benefit of entries at serial number 357 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed769 per kilogram
3.71(i) Silver, in any form, other than medallions and silver coins having silver content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92; (ii) Medallions and silver coins having silvercontent not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92, other than imports of such goods through post, courier or baggage. Explanation. -For the purposes of this entry, silver in any form shall not include foreigncurrency coins,jewellery made of silver orarticles made of silver.769 per kilogram
4.71(i) Gold   bars, other   than   tola   bars,bearingmanufacturer’s or refiner’s engraved serial number and weight expressed in metric units;(ii)Gold coins having gold content not below99.5% and gold findings, other than imports of such goods through post, courier or baggage.Explanation. -For the purposes of this entry, “gold findings”means a small component suchas hook, clasp, clamp, pin, catch, screwbackused to hold the whole or a part of a piece of Jewellery in place.589 per 10 grams

TABLE-3

Sl. No.Chapter/ heading/ sub-heading/tariff itemDescription of goodsTariff value(US $ Per Metric Tonne)
1080280Areca nuts3695”

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