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Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver

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..... Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver - News and Press Release Dated:- 15-10-2019 - News - In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962) , the Central Board of Indirect Taxes Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3rd August, 2001 , namely .....

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..... :- In the said notification, for TABLE-1, TABLE-2, and TABLE-3 the following Tables shall be substituted, namely: - TABLE-1 Sl. No. Chapter/ heading/ sub-heading/tariff item Description of goods Tariff value (US $Per Metric Tonne) (1) (2) (3) (4) 1 1511 10 00 Crude Palm Oil 534 2 1511 90 10 .....

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..... RBD Palm Oil 560 3 1511 90 90 Others Palm Oil 547 4 1511 10 00 Crude Palmolein 563 5 1511 90 20 RBD Palmolein 566 6 1511 90 90 Others Palmolein 565 7 1507 10 00 .....

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..... Crude Soya bean Oil 730 8 7404 00 22 Brass Scrap (all grades) 3385 9 1207 91 00 Poppy seeds 3395 TABLE-2 Sl. No. Chapter/ heading/ sub-heading/tariff item Description of goods Tariff value (US $) (1) (2) (3) .....

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..... (4) 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 480 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 568 per kilogram 3. 71 (i) Silver, in any form, other than medallio .....

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..... ns 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 silver content 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 foreign currency coins, jewellery made of silver or articles made of silver. 568 per kilogram 4. 71 (i) Gold bars, other than tola .....

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..... 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. 480 per 10 grams TABLE-3 Sl. No. Chapter/ heading/ sub-heading/tariff item Description of goods .....

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..... Tariff value (US $ Per Metric Tonne) (1) (2) (3) (4) 1 080280 Areca nuts 3872 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 3 rd August, 2001, vide number S. O. 748 (E), dated the 3 rd August, 2001 and was last amended vide Notification No. 67/2019-Customs (N.T.), dated the 30 th September, 20 .....

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..... 19, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 3549(E), dated 30 th September, 2019 . - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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