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TMI BlogTariff Notification No. 70/2020-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and SilverX X X X Extracts X X X X X X X X Extracts X X X X ..... Tariff Notification No. 70/2020-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver - News and Press Release Dated:- 7-8-2020 - 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 ne ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cessary 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:- In the said noti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fication, 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) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1 1511 10 00 Crude Palm Oil 680 (i.e. no change) 2 1511 90 10 RBD Palm Oil 701 (i.e. no change) 3 1511 90 90 Others Palm Oil 691 (i.e. no change) 4 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1511 10 00 Crude Palmolein 707 (i.e. no change) 5 1511 90 20 RBD Palmolein 710 (i.e. no change) 6 1511 90 90 Others Palmolein 709 (i.e. no change) 7 1507 10 00 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Crude Soya bean Oil 803 (i.e. no change) 8 7404 00 22 Brass Scrap (all grades) 3717 (i.e. no change) 9 1207 91 00 Poppy seeds 3623 (i.e. no change) TABLE-2 Sl. No. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Chapter/ heading/ sub-heading/tariff item Description of goods Tariff value (US $) (1) (2) (3) (4) 1. 71 or 98 Gold, in any form, in respect of which the benefit of entries at serial number 356 of the Notification ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... No. 50/2017-Customs dated 30.06.2017 is availed 666 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 868 per kilogram (i.e. no change) 3. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 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, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. 868 per kilogram (i.e. no change) 4. 71 (i) Gold bars, other than tola bars, bearing manufacturer s or refiner s engraved seri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... place. 666 per 10 grams TABLE-3 Sl. No. Chapter/ heading/ sub-heading/tariff item Description of goods Tariff value (US $ Per Metric Tonne) (1) (2) (3) (4) 1 08028 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0 Areca nuts 3746 (i.e. no change) 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. 68/202 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0-Customs (N.T.), dated the 6th August, 2020, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 2645 (E), dated 6th August, 2020. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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