Tariff Value - Further amends the notification No. 36/2001-Customs (N.T.) dated the 3rd August, 2001 [S.O. 748(E)].

Document Text

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (ii)] Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Notification No. 86/2023-CUSTOMS (N.T.) New Delhi, 28th November, 2023 7 Agrahayana, 1945 (SAKA) S.O. … (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: - Sl. No. Chapter/ heading/ sub- heading/tariff item (1) 1 2 3 4 5 6 7 8 (2) 1511 10 00 1511 90 10 1511 90 90 1511 10 00 1511 90 20 1511 90 90 1507 10 00 7404 00 22 Sl. No. (1) 1. Chapter/ heading/ sub-heading/tariff item (2) 71 or 98 “TABLE-1 Description of goods (3) Crude Palm Oil RBD Palm Oil Others – Palm Oil Crude Palmolein RBD Palmolein Others – Palmolein Crude Soya bean Oil Brass Scrap (all grades) TABLE-2 Description of goods (3) Tariff value (US $Per Metric Tonne) (4) 849(i.e., no change) 861(i.e., no change) 855(i.e., no change) 865(i.e., no change) 868(i.e., no change) 867(i.e., no change) 1001(i.e., no change) 4633(i.e., no change) Tariff value (US $) (4) 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 634 per 10 grams (i.e., no change) 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 800 per kilogram in any form, other than (i) Silver, 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 4. 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 through post, courier or such goods baggage. 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, or bearing manufacturer’s refiner’s engraved and weight expressed in metric units; serial number (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. 800 per kilogram 634 per 10 grams (i.e., no change) Sl. No. (1) 1 Chapter/ heading/ sub-heading/tariff item (2) 080280 TABLE-3 Description of goods Tariff value (US $ Per Metric Tonne) (3) (4) Areca nuts 8068 (i.e., no change)” 2. This notification shall come into force with effect from the 29th day of November, 2023. [F. No. 467/01/2023-Cus.V] (Komila Punia) Deputy Secretary to Govt. of India 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. 82/2023-Customs (N.T.), dated the 15th November, 2023, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 4938(E), dated 15th November, 2023.

HS Codes Referenced

Need the current duty rate?

Calculate the full duty cascade — BCD, SWS, IGST and trade remedies — for any HS code, free.