The Central Board of Indirect Taxes & Customs (CBIC) has notified the amendment in tariff value of crude palm oil, Gold, Silver and Areca Nuts with effect from 16th November 2023.
In the said notification, for TABLE-1, TABLE-2, and TABLE-3 the following Tables shall be substituted, namely: –
TABLE 1
| S.No. | Chapter/ heading/ subheading/tariff item | Description of goods | Tariff value (US $Per Metric Tonne) |
| 1511 10 00 | Crude Palm Oil | 849 | |
| 1511 90 10 | RBD Palm Oil | 861 | |
| 1511 90 90 | Others – Palm Oil | 855 | |
| 1511 10 00 | Crude Palmolein | 865 | |
| 1511 90 20 | RBD Palmolein | 868 | |
| 1511 90 90 | Others – Palmolein | 867 | |
| 1507 10 00 | Crude Soya bean Oil | 1001 | |
| 7404 00 22 | Brass Scrap (all grades) | 4633 |
TABLE 2
| Sl.No. | Chapter/ heading/subheading/ tariff item | Description of Goods | Tariff Value (US $Per Metric Tonne) |
| 1 | 71 or 98 | Gold, in any form, in respect of which the benefit of entries at serial number 356 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed | 634 per 10 grams |
| 2 | 71 or 98 | Silver, in any form, in respect of which the benefit of entries at serial number 357 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed | 723 per kilogram |
| 3 | 71 | (i) Silver, in any form, other than medallions and silver coins having silver content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92; (ii) Medallions and silver coins having silver content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92, other than imports of such goods through post, courier or baggage. Explanation. – For the purposes of this entry, silver in any form shall not include foreign currency coins, jewellery made of silver or articles made of silver | 723 per kilogram |
| 4 | (i) Gold bars, other than tola bars, bearing manufacturer’s or refiner’s engraved serial number and weight expressed in metric units; (ii) Gold coins having gold content not below 99.5% and gold findings, other than imports of such goods through post, courier or baggage. Explanation. – For the purposes of this entry, “gold findings” means a small component such as hook, clasp, clamp, pin, catch, screw back used to hold the whole or a part of a piece of Jewellery in place. | 634 per 10 grams |
TABLE 3
| S.No. | Chapter/ heading/ subheading/tariff item | Description of goods | Tariff value (US $Per Metric Tonne) |
| 080280 | Areca nuts | 8068 (i.e., no change)” |
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