CBEC modifies Tariff Value for Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver as on 2018-05-16

The Central Board of Indirect Taxes and Customs (CBIT) on May 15, 2018 has amended the tariff notification in respect of fixation of tariff value of the following goods:

·         Crude Palm Oil

·         RBD Palm Oil

·         Others – Palm Oil

·         Crude Palmolein

·         RBD Palmolein

·         Others – Palmolein

·         Crude Soya Bean Oil

·         Brass Scrap (all grades)

·         Poppy seeds

·         Gold, in any form, in respect of which the benefit of entries at serial number 321 and 323 of the Notification No. 12/2012-Customsdated March 17, 2012 is availed

·         Silver, in any form, in respect of which the benefit of entries at serial number 322 and 324 of the Notification No. 12/2012-Customs dated March 17, 2012 is availed

·         Areca nuts

The Tables 1, 2and 3 provided in the notification will be substituted for the existing tables in its parent notification. These tables contain the details about chapter headings, descriptions of goods and tariff value.

[Notification No. 42/2018-CUSTOMS (N.T.)]

http://www.cbec.gov.in/htdocs-cbec/customs/cs-act/notifications/notfns-2018/cs-nt2018/csnt42-2018.pdf