Gazette Tracker
Gazette Tracker

Core Purpose

Notification under sub-section (2) of Section 14 of the Customs Act, 1962 revising tariff values for imported crude and refined edible oils, brass scrap, gold, silver and areca nuts.

Detailed Summary

Issued by the Central Board of Indirect Taxes and Customs, Ministry of Finance (Department of Revenue), on 9 April 2024 as Notification No. 28/2024-Customs (N.T.)/S.O. 1655(E) under sub-section (2) of Section 14 of the Customs Act, 1962 (52 of 1962), this notification amends the tariff-value notification No. 36/2001-Customs (N.T.) dated 3rd August, 2001 (S.O. 748(E)) by substituting Tables 1, 2 and 3, fixing tariff values (mostly unchanged from the prior notification) at US$929 per metric tonne for Crude Palm Oil, US$939 for RBD Palm Oil, US$934 for other Palm Oil, US$944 for Crude Palmolein, US$947 for RBD Palmolein, US$946 for other Palmolein, US$938 for Crude Soya Bean Oil, and US$5,033 per metric tonne for Brass Scrap (Table-1); US$747 per 10 grams for Gold and US$900 per kilogram for Silver under specified exemption entries of Notification No. 50/2017-Customs (Table-2); and US$6,259 per metric tonne for Areca Nuts (Table-3), effective from 10th April, 2024; it is signed by Megha Bansal, Under Secretary, under File No. 467/01/2024-Cus.V, and notes the principal notification was last amended by Notification No. 25/2024-Customs (N.T.) dated 28th March, 2024 (S.O. 1583(E)).

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-09042024-253627 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 1572] NEW DELHI, TUESDAY, APRIL 9, 2024/CHAITRA 20, 1946 2487 GI/2024 (1) 4 THE GAZETTE OF INDIA : EXTRAORDINARY MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 9th April, 2024 No. 28/2024-CUSTOMS (N.T.) S.O. 1655(E). - 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 to do so, 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 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 | 929 (i.e., no change) 2 | 1511 90 10 | RBD Palm Oil | 939 (i.e., no change) 3 | 1511 90 90 | Others - Palm Oil | 934 (i.e., no change) 4 | 1511 10 00 | Crude Palmolein | 944 (i.e., no change) 5 | 1511 90 20 | RBD Palmolein | 947 (i.e., no change) 6 | 1511 90 90 | Others - Palmolein | 946 (i.e., no change) 7 | 1507 10 00 | Crude Soya bean Oil | 938 (i.e., no change) 8 | 7404 00 22 | Brass Scrap (all grades) | 5033(i.e., no change) TABLE-2 Sl. No. | 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 No. 50/2017-Customs dated 30.06.2017 is availed | 747 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 | 900 per kilogram | | (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; 3. | 71 | (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. | 900 per kilogram | | 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. | | (i) Gold bars, other than tola bars, bearing manufacturer's or refiner's engraved serial number and weight expressed in metric units; 4. | 71 | (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. TABLE-3 Sl. No. | Chapter/heading/ sub-heading/tariff item | Description of goods | Tariff value (US $ Per Metric Ton) (1) | (2) | (3) | (4) 1 | 080280 | Areca nuts | 6259 (i.e., no change)" 2. This notification shall come into force with effect from the 10th day of April, 2024. [F. No. 467/01/2024-Cus.V] MEGHA BANSAL, Under Secy. 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. 25/2024-Customs (N.T.), dated the 28th March, 2024 e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 1583 (E), dated 28th March, 2024. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. MANOJ KUMAR VERMA Digitally signed by MANOJ KUMAR VERMA Date: 2024.04.09 22:35:34 +05'30'

Never miss important gazettes

Create a free account to save gazettes, add notes, and get email alerts for keywords you care about.

Sign Up Free