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Core Purpose

Notification amending customs tariff values for edible oils and brass scrap under the Customs Act, 1962.

Detailed Summary

The Central Board of Indirect Taxes and Customs, Department of Revenue, Ministry of Finance, by Notification No. 12/2024-CUSTOMS (N.T.), S.O. 720(E), dated 15th February 2024, exercising powers under sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), amended notification No. 36/2001-Customs (N.T.) dated 3rd August 2001 (S.O. 748(E)) by substituting Tables 1, 2 and 3 with revised tariff values; the amended Table-1 sets tariff values (in US dollars per metric tonne) for Crude Palm Oil (890), RBD Palm Oil (901), Other Palm Oil (896), Crude Palmolein (907), RBD Palmolein (910), Other Palmolein (909), Crude Soya bean Oil (903), and Brass Scrap (all grades) (4859).

Full Text

This is the extracted English text from the document: REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-15022024-252137 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 684] NEW DELHI, THURSDAY, FEBRUARY 15, 2024/MAGHA 26, 1945 *** MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 15th February, 2024 No. 12/2024-CUSTOMS (N.T.) S.O. 720(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 | 890 | | 2 | 1511 90 10 | RBD Palm Oil | 901 | | 3 | 1511 90 90 | Others - Palm Oil | 896 | | 4 | 1511 10 00 | Crude Palmolein | 907 | | 5 | 1511 90 20 | RBD Palmolein | 910 | | 6 | 1511 90 90 | Others Palmolein | 909 | | 7 | 1507 10 00 | Crude Soya bean Oil | 903 | | 8 | 7404 00 22 | Brass Scrap (all grades) | 4859 | +-------+-------------------------------------+--------------------------+-----------------------------------+ **TABLE-2** 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------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------The latest version of this document is available on our website at www.dca.nic.in** **CG-DL-E-15022024-252137** **EXTRAORDINARY** **PART II—Section 3—Sub-section (ii)** **PUBLISHED BY AUTHORITY** **No. 684] NEW DELHI, THURSDAY, FEBRUARY 15, 2024/MAGHA 26, 1945** *** **MINISTRY OF FINANCE** **(Department of Revenue)** **(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)** **NOTIFICATION** **New Delhi, the 15th February, 2024** **No. 12/2024-CUSTOMS (N.T.)** **S.O. 720(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

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