Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Last updated: 02 December 2021

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This notification from the Central Board of Indirect Taxes & Customs (CBIC) announces updated fixed tariff values for several key commodities. These changes affect edible oils, brass scrap, areca nuts, gold, and silver. The revised tariff values come into effect from December 1st, 2021.

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 95/2021-CUSTOMS (N.T.) Dated: 30th November, 2021 S.O. 4912(E).- In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962

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FAQ :

This notification updates the fixed tariff values for edible oils, brass scrap, areca nut, gold, and silver under the Customs Act, 1962.

The revised tariff values are effective from the 1st day of December, 2021.

The notification specifies tariff values for Crude Palm Oil, RBD Palm Oil, other Palm Oils, Crude Palmolein, RBD Palmolein, other Palmoleins, and Crude Soya bean Oil.

The tariff values for gold are set at US $575 per 10 grams, and for silver, they are US $750 per kilogram, with specific conditions for different forms and imports.

The tariff value for Areca nuts remains at US $5252 per Metric Tonne.

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Notification No : 95/2021-CUSTOMS (N.T.)
Published in Custom
Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-nt2021/csnt95-2021.pdf

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