Jul 31: In accordance to the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs has notified the following new rates for Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver
| Sl. No. | HSN Code | Description of goods | Tariff value(US $Per Metric Tonne) |
| 1 | 1511 10 00 | Crude Palm Oil | 680 |
| 2 | 1511 90 10 | RBD Palm Oil | 701 |
| 3 | 1511 90 90 | Others – Palm Oil | 691 |
| 4 | 1511 10 00 | Crude Palmolein | 707 |
| 5 | 1511 90 20 | RBD Palmolein | 710 |
| 6 | 1511 90 90 | Others – Palmolein | 709 |
| 7 | 1507 10 00 | Crude Soya bean Oil | 803 |
| 8 | 7404 00 22 | Brass Scrap (all grades) | 3717 |
| 9 | 1207 91 00 | Poppy seeds | 3623 |
TABLE-2
| Sl. No. | HSN Code | Description of goods | Tariff value(US $) |
| 1. | 71 or 98 | 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 | 630 per 10 grams |
| 2. | 71 or 98 | 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 | 746 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. | 746 per kilogram |
| 4. | 71 | (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. | 630 per 10 grams |
TABLE-3
| Sl. No. | HSN Code | Description of goods | Tariff value(US $ Per Metric Tonne) |
| 1 | 080280 | Areca nuts | 3746” |
