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

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 item	Description of goods	Tariff value(US $Per Metric Tonne)
1	1511 10 00	Crude Palm Oil	730
2	1511 90 10	RBD Palm Oil	755
3	1511 90 90	Others – Palm Oil	743
4	1511 10 00	Crude Palmolein	761
5	1511 90 20	RBD Palmolein	764
6	1511 90 90	Others – Palmolein	763
7	1507 10 00	Crude Soya bean Oil	821
8	7404 00 22	Brass Scrap (all grades)	3776
9	1207 91 00	Poppy seeds	3623

Sl. No.	Chapter/ heading/ sub-heading/tariff item	Description of goods	Tariff value(US $)
1.	71 or 98	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 availed	630 per 10 grams
2.	71 or 98	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 availed	881 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