Central Board of Excise and Customs (CBEC), Department of Revenue, Ministry of Finance has issued a Notification No.24/2012-Customs (N.T.) dated March 22, 2012 and thereby notifying change in tariff value of Gold as shown in the tables below:
“TABLE-1
S. No.
|
Chapter/ heading/ sub-heading/tariff item
|
Description of goods
|
Tariff value US $
(Per MetricTonne)
|
(1)
|
(2)
|
(3)
|
(4)
|
1
|
1511 10 00
|
Crude Palm Oil
|
447 (i.e. no change)
|
2
|
1511 90 10
|
RBD Palm Oil
|
476 (i.e. no change)
|
3
|
1511 90 90
|
Others – Palm Oil
|
462 (i.e. no change)
|
4
|
1511 10 00
|
Crude Palmolein
|
481 (i.e. no change)
|
5
|
1511 90 20
|
RBD Palmolein
|
484 (i.e. no change)
|
6
|
1511 90 90
|
Others – Palmolein
|
483 (i.e. no change)
|
7
|
1507 10 00
|
Crude Soyabean Oil
|
580 (i.e. no change)
|
8
|
7404 00 22
|
Brass Scrap (all grades)
|
4214 (i.e. no change)
|
9
|
1207 91 00
|
Poppy seeds
|
2439 (i.e. no change)
|
TABLE-2
S. No.
|
Chapter/ heading/ sub-heading/tariff item
|
Description of goods
|
Tariff value
(US $)
|
(1)
|
(2)
|
(3)
|
(4)
|
1
|
71
|
Gold, in any form in respect of which the benefit of entry at Sr. No. 321 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed
|
530 per 10 grams
|
2
|
71
|
Silver, in any form in respect of which the benefit of entry at Sr. No. 322 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed
|
1036 per kilogram (i.e. no change)”
|
|