Updated Tariff notifications for Oils & Metals

Nov 30: The Central Board of Indirect Taxes & Customs has made the following amendments in the notification of the Government of India for Oils and Precious Metals

Sl. No.Chapter/ heading/ sub-heading/tariff itemDescription of goodsTariff value(US $Per Metric Tonne)
11511 10 00Crude Palm Oil971
21511 90 10RBD Palm Oil977
31511 90 90Others – Palm Oil974
41511 10 00Crude Palmolein990
51511 90 20RBD Palmolein993
61511 90 90Others – Palmolein992
71507 10 00Crude Soya bean Oil1360
87404 00 22Brass Scrap (all grades)4800
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 availed565 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 availed699 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.699 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.565 per 10 grams
Sl. No.Chapter/ heading/ sub-heading/tariff itemDescription of goodsTariff value(US $ Per Metric Tonne)
1080280Areca nuts7333 (i.e., no change)”
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