CBIC modifies Tariff Value for Edible Oil, Brass Scrap, Poppy Seeds, Areca Nut and Silver as on July 09, 2019

Jul 10, 2019 | by Avantis RegTech Legal Research Team


The Central Board of Indirect Taxes and Customs (CBIC) on July 03, 2019, has amended the tariff Notification in respect of fixation of tariff value of the following goods:

Ø  Crude Palm Oil

Ø  RBD Palm Oil

Ø  Others - Palm Oil

Ø  Crude Palmolein

Ø  RBD Palmolein

Ø  Crude Soya Bean Oil

Ø  Brass Scrap (all grades)

Ø  Poppy seeds

Ø  Gold, in any form, in respect of which the benefits of entries at serial number 321 and 323 of the Notification No. 12/ 2012-Customs dated March 17, 2012 is availed

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

Ø  Areca nuts.

The Tables 1, 2 and 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. 49/2019-CUSTOMS (N.T.)]


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