Gazette Tracker
Gazette Tracker

Core Purpose

Notification amending the tariff values for specified goods, including edible oils, brass scrap, gold, silver, and areca nuts, under sub-section (2) of section 14 of the Customs Act, 1962.

Detailed Summary

Issued by the Central Board of Indirect Taxes and Customs, Department of Revenue, Ministry of Finance as Notification No. 89/2023-CUSTOMS (N.T.), S.O. 5118(E), dated 30 November 2023, this notification exercises powers under sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962) to substitute Tables 1, 2 and 3 of the principal notification No. 36/2001-Customs (N.T.) dated 3 August 2001 (S.O. 748(E)), last amended by Notification No. 86/2023-Customs (N.T.) dated 28 November 2023 (S.O. 5061(E)); the revised tariff values include Crude Palm Oil at US$870 per metric tonne, RBD Palm Oil at US$878, Other Palm Oil at US$874, Crude Palmolein at US$882, RBD Palmolein at US$885, Other Palmolein at US$884, Crude Soya Bean Oil at US$1010, Brass Scrap at US$4688 per metric tonne, Gold at US$659 per 10 grams, Silver at US$807 per kilogram, and Areca Nuts at US$8068 per metric tonne (unchanged); the notification, signed by Komila Punia, Deputy Secretary, takes effect from 1 December 2023.

Full Text

7428 GI/202 3 (1) EXTRAORDINARY PART II —Section 3 —Sub-section ( ii) PUBLISHED BY AUTHORITY No. 4893] NEW DELHI, THURS DAY , NOVEMBER 30, 2023/ AGRAHAYANA 9, 1945 CG-DL-E-30112023-250338 (1) (2) (3) (4) (1) (2) (3) (4) (1) (2) (3) (4) MINISTRY OF FINANCE (Department of Revenue ) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ) NOTIFICATION New Delhi, the 30th November , 2023 No. 89/2023-CUSTOMS (N.T.) S.O. 5118(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 Minist ry 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 sa id 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 870 2 1511 90 10 RBD Palm Oil 878 3 1511 90 90 Others – Palm Oil 874 4 1511 10 00 Crude Palmolein 882 5 1511 90 20 RBD Palmolein 885 6 1511 90 90 Others – Palmolein 884 7 1507 10 00 Crude Soya bean Oil 1010 8 7404 00 22 Brass Scrap (all grades) 4688 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 659 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 807 per kilogram 3. 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, courier or baggage. Explanation. - For the purposes of this entry, silver in any form shall not include foreign currency co ins, jewellery made of silver or articles made of silver. 807 per kilogram 4. 71 (i) Gold bars, other than tola 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. 659 per 10 grams 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 8068 (i.e., no change) ” 2. This notification shall come into force with effect from the 01st day of December , 2023. [F. No. 467/01/2023 -Cus.V] KOMILA PUNIA , Dy. 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. 86/2023 -Customs (N.T.) , dated the 28th November, 2023 e-published in the Gazette of India, Extraordinary, Part -II, Section -3, Sub -section (ii), vide number S.O. 5061 (E), dated 28th November , 2023 . Uploaded by Dte. of Printing at Government of India Press, Ring R oad, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.

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