Edible Oil Import rates fall while Precious Metals increase

Oct 15: The Central Board of Indirect Taxes & Customs has made the following amendments in the tariffs for edible oil, areca and precious metals as follows.

Sl. No.Chapter/ heading/ sub-heading/tariff itemDescription of goodsTariff value(US $Per Metric Tonne)
11511 10 00Crude Palm Oil755
21511 90 10RBD Palm Oil787
31511 90 90Others – Palm Oil771
41511 10 00Crude Palmolein793
51511 90 20RBD Palmolein796
61511 90 90Others – Palmolein795
71507 10 00Crude Soya bean Oil898
87404 00 22Brass Scrap (all grades)3846
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 availed615 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 availed780 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.780 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.615 per 10 grams

Sl. No.Chapter/ heading/ sub-heading/tariff itemDescription of goodsTariff value(US $ Per Metric Tonne)
1080280Areca nuts3709”

Note: – The principal notification was published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide Notification No. 36/2001–Customs (N.T.), dated the 3rd August, 2001, vide number S. O. 748 (E), dated the 3rd August, 2001 and was last amended vide Notification No. 93/2020-Customs (N.T.), dated the 30th September, 2020, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 3424 (E), dated 30th September, 2020.

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

 

1 Trackback / Pingback

  1. oatmeal and keto diet

Comments are closed.