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Core Purpose

Notification revising the customs tariff value (Base Import Price) for Crude Palm Oil under the Customs Act, 1962.

Detailed Summary

Notification issued by the Central Board of Indirect Taxes and Customs (Ministry of Finance, Department of Revenue) revising the tariff values used to compute customs duty on certain imported commodities. Notification No. 53/2023-Customs (N.T.), S.O. 3183(E), dated New Delhi, 19th July 2023, issued under sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), further amends notification No. 51/2023-Customs (N.T.), dated 6th July 2023 (S.O. 2957(E) of the same date), by substituting the entry against S. No. 1 in the Table concerning tariff values, specifically revising the base import price for Crude Palm Oil (expressed in US Dollars per Metric Tonne). The notification is issued under F. No. 450/94/2023-Cus. IV and signed by Rajiv Gupta, Under Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-19072023-247458 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 3254] NEW DELHI, WEDNESDAY, JULY 19, 2023/ASHADHA 28, 1945 MINISTRY OF FINANCE (Department of Revenue) (Central Board of Indirect Taxes and Customs) NOTIFICATION New Delhi, the 19th July, 2023 No. 53/2023-Customs (N.T.) S.O. 3183(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 and Customs, being satisfied that it is necessary and expedient " "so to do, hereby makes the following further amendment in the notification of the Central Board of Indirect Taxes " "and Customs No. 51/2023-CUSTOMS (N.T.), dated 6th July, 2023, published vide number S.O. 2957(E), dated 6th July, " "2023, namely:— In the said notification, in the TABLE, for S. No. 1 and the entries relating thereto, the following S. No. " "and entries shall be substituted, namely:— TABLE-1 +-----+-----------------------------------------------------------+---------------------------+ | SL. | Chapter/heading/sub-heading/tariff item | Currency | | No. | | | +=====+=============================================================+=============================+ | 1. | Crude Palm Oil | US Dollar per Metric Tonne | +-----+-----------------------------------------------------------+---------------------------+ [This notification revises the Base Import Price / tariff value for Crude Palm Oil, Crude Palmolein, Crude " "Soyabean oil, Brass Scrap, Gold, Silver and Areca Nuts specified in the Tables of the amended notification.] [F. No. 450/94/2023-Cus. IV] RAJIV GUPTA, Under Secy.

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