Dec 31: Central Board of Indirect Taxes & Customs makes the following amendments in the notification related to the tariffs for Edible oils, gold, and other mineral imports.
Edible Oils
Sl. No.
Description of goods
Tariff value(US $Per Metric Tonne)
1
Crude Palm Oil
992
2
RBD Palm Oil
1018
3
Others – Palm Oil
1005
4
Crude Palmolein
1024
5
RBD Palmolein
1027
6
Others – Palmolein
1026
7
Crude Soya bean Oil
1072
8
Brass Scrap (all grades)
4550
9
Poppy seeds
3623
Precious Metals
Sl. No.
Description of goods
Tariff value(US $)
1.
Gold, 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 availed
607 per 10 grams
2.
Silver, 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 availed
848 per kilogram
3.
(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.
848 per kilogram
4.
(i) Gold bars, other than tola bars, bearing manufacturer’s or refiner’s engraved serial number and weight expressed in metric units;(ii) Gold coins having gold content not below 99.5% 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 such as hook, clasp, clamp, pin, catch, screw back used to hold the whole or a part of a piece of Jewellery in place.
607 per 10 grams
ArecaNuts
Sl. No.
Description of goods
Tariff value(US $ Per Metric Tonne)
1
Areca nuts
3695
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Central Board of Indirect Taxes & Customs (CBIC) released the new rates for purchase of Edible Oils, Precious Metals and Areca Nuts w.e.f 15th Feb 2021 […]
dible oil prices in India are showing a declining trend across a wide array of oils.As per the data from Department of Consumer Affairs, over the past month, the prices of edible oils are now coming down. In some cases, the decline is by as much as nearly 20 % […]
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