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Change in Tariff Value of Gold Notified

New Delhi.   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(CBEC),
 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 and TABLE-2, the following Tables shall be substituted namely:-

“TABLE-1

S. 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
827 (i.e. no change)
2
1511 90 10
RBD Palm Oil
857 (i.e. no change)
3
1511 90 90
Others – Palm Oil
842 (i.e. no change)
4
1511 10 00
Crude Palmolein
864 (i.e. no change)
5
1511 90 20
RBD Palmolein
867 (i.e. no change)
6
1511 90 90
Others – Palmolein
866 (i.e. no change)
7
1507 10 00
Crude Soyabean Oil
1094 (i.e. no change)
8
7404 00 22
Brass Scrap (all grades)
3986 (i.e. no change)
9
1207 91 00
Poppy seeds
4395 (i.e. no change)
TABLE-2
S. 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
472 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
762 per kilogram (i.e. no change)