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

Last updated: 16 September 2020

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The Central Board of Indirect Taxes & Customs has issued a new notification amending the tariff values for several key commodities. This update specifically affects edible oils, brass scrap, poppy seeds, areca nut, gold, and silver. The changes are effective from the date of the notification and involve substitutions to existing tariff value tables.

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)

NOTIFICATION

New Delhi, the 15th September, 2020

No. 87/2000-CUSTOMS (N.T.)

S.O. 3148(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 so to do, 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:

Please refer to the attached filed for details

FAQ :

This notification amends the tariff values for specific goods, including edible oils, brass scrap, poppy seeds, areca nut, gold, and silver, as per the Customs Act, 1962.

The notification affects edible oils, brass scrap, poppy seeds, areca nut, gold, and silver.

The notification was issued by the Central Board of Indirect Taxes & Customs (CBIC) under the Ministry of Finance.

This notification was issued on the 15th of September, 2020.

The specific new tariff values are detailed in the substituted TABLE-1, TABLE-2, and TABLE-3, which are available in the attached file for the notification.