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

Last updated: 01 September 2023

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The Central Board of Indirect Taxes & Customs has issued a notification amending the fixed tariff values for several key commodities. These changes apply to edible oils, brass scrap, areca nut, gold, and silver. The amendment, effective from 31st August 2023, involves substituting the existing tables in the 2001 notification with new ones. For detailed information, please refer to the full attached notification.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
NOTIFICATION
New Delhi, the 31st August, 2023
No. 63/2023-CUSTOMS (N.T.)

S.O. 3851(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: -

For full notification please refer to the attachment

FAQ :

This notification amends the fixed tariff values for edible oils, brass scrap, areca nut, gold, and silver, as per Section 14(2) of the Customs Act, 1962.

The commodities affected are edible oils, brass scrap, areca nut, gold, and silver.

The amendment is effective from 31st August 2023.

The notification substitutes TABLE-1, TABLE-2, and TABLE-3 of the previous notification dated 3rd August 2001 with new tables.

The full details of the amendment can be found in the attached full notification.