New Tariff Rates for Commodity imports

Sep 15: Central Board of Indirect Taxes & Customs hereby makes the following amendments towards the tariff rates for import of commodities as listed below

Table 1 – Edible Oils

Sl. No.Chapter/ heading/ sub-heading/tariff itemDescription of goodsTariff value(US $Per Metric Tonne)
11511 10 00Crude Palm Oil741
21511 90 10RBD Palm Oil777
31511 90 90Others – Palm Oil759
41511 10 00Crude Palmolein783
51511 90 20RBD Palmolein786
61511 90 90Others – Palmolein785
71507 10 00Crude Soya bean Oil864
87404 00 22Brass Scrap (all grades)3917
91207 91 00Poppy seeds3623

TABLE-2 – Precious Metals

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 availed631 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 availed866 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.866 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.631 per 10 grams

TABLE-3 – Areca Nuts

Sl. No.Chapter/ heading/ sub-heading/tariff itemDescription of goodsTariff value(US $ Per Metric Tonne)
1080280Areca nuts3720”
Come and Participate in the upcoming 24th Anniversary event of GLOBOIL, a much-awaited event in the Edible Oil and Agri Trade Industry which is being held on 30th October 2020 to 1st November 2020 at Taj, Goa. The hybrid event will have both Physical and Virtual Presence. For Event Participation, Tickets and other details