CBIC releases new rates for Edible Oils & Other Commodities for w.e.f 15Feb

15 Feb: 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 and as per the gazette, the new rates are as follows

Sl. No.Chapter/ heading/ sub-heading/tariff itemDescription of goodsTariff value(US $Per Metric Tonne)
11511 10 00Crude Palm Oil1045
21511 90 10RBD Palm Oil1070
31511 90 90Others – Palm Oil1058
41511 10 00Crude Palmolein1076
51511 90 20RBD Palmolein1079
61511 90 90Others – Palmolein1078
71507 10 00Crude Soya bean Oil1103
87404 00 22Brass Scrap (all grades)4610
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 availed585 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 availed872 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.872 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.585 per 10 
Sl. No.Chapter/ heading/ sub-heading/tariff itemDescription of goodsTariff value(US $ Per Metric Tonne)
1080280Areca nuts4284″