NOTIFICATION NO.08/2014,DATED 31-01-2014

Amends in the Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001,

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (ii)]
Government of India
Ministry of Finance
(Department of Revenue)
(Central Board of Excise and Customs)

Notification No. 8/2014-CUSTOMS (N. T.)

 

New Delhi, 31st January, 2014
11 Magha, 1935 (SAKA)

 
S.O. … (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 Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment 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:-

“TABLE-1

Sl. No. Chapter/ heading/ sub-heading/tariff item Description of goods Tariff value US $
(Per Metric Tonne)
(1) (2) (3) (4)
1 1511 10 00 Crude Palm Oil 857
2 1511 90 10 RBD Palm Oil 880
3 1511 90 90 Others – Palm Oil 869
4 1511 10 00 Crude Palmolein 896
5 1511 90 20 RBD Palmolein 899
6 1511 90 90 Others – Palmolein 898
7 1507 10 00 Crude Soyabean Oil 917
8 7404 00 22 Brass Scrap (all grades) 3959
9 1207 91 00 Poppy seeds 3195
 
 

TABLE-2

Sl. No. Chapter/ heading/ sub-heading/tariff item Description of goods Tariff value
(US $)
(1) (2) (3) (4)
1 71 or 98 Gold, in any form, in respect of which the benefit of entries at serial number 321 and 323 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed 404 per 10 grams
2 71 or 98 Silver, in any form, in respect of which the benefit of entries at serial number 322 and 324 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed 635 per kilogram   
 

TABLE-3

Sl. No. Chapter/ heading/ sub-heading/tariff item Description of goods Tariff value
(US $ Per Metric Tons )
(1) (2) (3) (4)
1 080280 Areca nuts 1816”
 

                                                [F. No. 467/01/2014-Cus-5]
 
 
 
(M. Satish Kumar Reddy)
Director (ICD) 

Note: - The principal notification was published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide Notification No. 36/2001–Customs (N.T.), dated the 3rdAugust, 2001, vide number S. O. 748 (E), dated the 3rd August, 2001 and was last amended vide Notification No. 02/2014-Customs (N.T.), dated the 15th January, 2014, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number  S. O 109 (E) Dated, the 15th January, 2014.
 

Opinion


The Central Government revises the tariff value of various commodities mentioned in the notification no. 36/2001-Customs N.T. from time to time. The tariff values of the specified products have been amended again showing an decreasing trend as specified in the table below:-

TABLE-1

 


Sl. No. Chapter/ heading/ sub-heading/tariff item Description of goods Tariff value US $
(Per Metric Tonne)
{new rate}
Tariff value US $
(Per Metric Tonne)
Old rates
CHANGE
(1) (2) (3) (4) (5)  
1 1511 10 00 Crude Palm Oil 857 877 Decrease
2 1511 90 10 RBD Palm Oil 880 897      Decrease
3 1511 90 90 Others – Palm Oil 869 887      Decrease
4 1511 10 00 Crude Palmolein 896 899      Decrease
5 1511 90 20 RBD Palmolein 899 902      Decrease
6 1511 90 90 Others – Palmolein 898 901      Decrease
7 1507 10 00 Crude Soyabean Oil 917 944      Decrease
8 7404 00 22 Brass Scrap (all grades) 3959 3995      Decrease
9 1207 91 00 Poppy seeds 3195 3195 No change
 
 

TABLE-2

 


Sl. No. Chapter/ heading/ sub-heading/tariff item Description of goods Tariff value
(US $)
New rates
Tariff value
(US $)
 
Change
 
(1) (2) (3) (4) (5)  
1 71 or 98 Gold, in any form, in respect of which the benefit of entries at serial number 321 and 323 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed 404 per 10 grams  
 
407 per 10 grams
 
 
Decrease
2 71 or 98 Silver, in any form, in respect of which the benefit of entries at serial number 322 and 324 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed 635 per kilogram  
 
663 per kilogram
 
 
Decrease
 
 

TABLE-3

 


Sl. No. Chapter/ heading/ sub-heading/tariff item Description of goods Tariff value
(US $ Per Metric Tons )
New rates
Tariff value
(US $ Per Metric Tons )
Old rates
 
Change
(1) (2) (3) (4) (5)  
1 080280 Areca nuts 1816” 1816” No change
 


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