Import of Crude Palm Oil sees a rise of $70 per MT

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 goodsTariff value(US $Per Metric Tonne)
1Crude Palm Oil992
2RBD Palm Oil1018
3Others – Palm Oil1005
4Crude Palmolein1024
5RBD Palmolein1027
6Others – Palmolein1026
7Crude Soya bean Oil1072
8Brass Scrap (all grades)4550
9Poppy seeds3623

Precious Metals

Sl. No.Description of goodsTariff 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 availed607 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 availed848 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 goodsTariff value(US $ Per Metric Tonne)
1Areca nuts3695