Quick Summary
Tariff Notification No. 49 /2021-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver 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,
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1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
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FAQ :
The notification amends the tariff values for specific goods, including edible oils, brass scrap, areca nut, gold, and silver, as per the Customs Act, 1962.
The amendment specifies tariff values for Crude Palm Oil, RBD Palm Oil, Crude Palmolein, RBD Palmolein, and Crude Soya bean Oil.
The tariff value for gold is set at US $612 per 10 grams, and for silver, it is US $890 per kilogram, with specific conditions for different forms and import methods.
Yes, the notification sets a tariff value of US $5776 per metric tonne for Brass Scrap (all grades) and US $4670 per metric tonne for Areca nuts.
These amendments were made in exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962.
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