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

Last updated: 16 June 2021

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This notification from the Central Board of Indirect Taxes & Customs (CBIC) announces updated tariff values for several key commodities. Effective from 16th June 2021, new tariff values have been set for edible oils, brass scrap, areca nuts, gold, and silver. These changes amend the principal notification dated 3rd August 2001.

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi NotificationNo. 52/2021-Customs (N.T.) New Delhi, 15th June, 2021 25 Jyaistha, 1943 (SAKA) S.O. 2338(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 th

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1 Year PLAN

1999

(Excl. of GST ₹359)

BEST VALUE

2 Years PLAN

3499

(Excl. of GST ₹629)

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FAQ :

This notification updates the tariff values for certain goods, including edible oils, brass scrap, areca nut, gold, and silver, as per Section 14 of the Customs Act, 1962.

The revised tariff values are effective from the 16th day of June, 2021.

The notification specifies updated tariff values for edible oils (Crude Palm Oil, RBD Palm Oil, etc.), Brass Scrap, Areca nuts, Gold, and Silver.

For edible oils, the tariff values are: Crude Palm Oil at US $1222 PMT, RBD Palm Oil at US $1245 PMT, Other Palm Oil at US $1234 PMT, Crude Palmolein at US $1262 PMT, RBD Palmolein at US $1265 PMT, and Other Palmolein at US $1264 PMT.

For gold, the tariff value is US $601 per 10 grams. For silver, the tariff value is US $893 per kilogram.

The tariff value for Brass Scrap (all grades) has been set at US $5761 per Metric Tonne.

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Notification No : 52/2021-Customs (N.T.)
Published in Custom
Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-nt2021/csnt52-2021.pdf

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