CBIT modifies Tariff Value for Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

Jun 15, 2018 | by Avantis RegTech Legal Research Team


The Central Board of Indirect Taxes and Customs (CBIT) on June 14, 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 356 and 358 of the Notification No. 50/2017-Customsdated June 30, 2017 is availed

·       Silver, in any form, in respect of which the benefit of entries at serial number 357 and 359 of the Notification No. 50/2017-Customs dated June 30, 2017 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. 53/2018-CUSTOMS (N.T.)]

URL: http://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2018/cs-nt2018/csnt53-2018.pdf


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