New Rates in the Import of Edible Oil, Precious Metal and Areca

August 31, 2020 News Desk Agriculture & Commodities, Finance 1

Aug 31: Central Board of Indirect Taxes & Customs, has made the following amendments in the notification of the Government of India in the Ministry of Finance on the imports of edible oils and other commodities

Sl. No.Chapter/ heading/ sub-heading/tariff itemDescription of goodsTariff value(US $Per Metric Tonne)
11511 10 00Crude Palm Oil730
21511 90 10RBD Palm Oil755
31511 90 90Others – Palm Oil743
41511 10 00Crude Palmolein761
51511 90 20RBD Palmolein764
61511 90 90Others – Palmolein763
71507 10 00Crude Soya bean Oil821
87404 00 22Brass Scrap (all grades)3776
91207 91 00Poppy seeds3623
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 availed630 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 availed881 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.881 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
Sl. No.Chapter/ heading/ sub-heading/tariff itemDescription of goodsTariff value(US $ Per Metric Tonne)
1080280Areca nuts3720”
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