CBIC modifies tariff value of Crude Oil, Palm Oil, Gold, Silver, Areca Nuts etc as on February 15, 2022

Feb 16, 2022 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Central Board of Indirect Taxes and Customs (CBIC) on February 15, 2022 amends the Notification No. 36/2001- Customs (N.T.) dated August 03, 2001 which specifies the fixation of tariff value for the following goods: 

• Crude Palm Oil

• RBD Palm Oil 

• Others- Palm Oil

• Crude Palmolein

• RBD Palmolein

• Others – Palmolein

• Crude Soya Bean Oil 

• Brass Scrap (all grades)

• Gold, in any form, in respect of which the benefit of entries at serial number 356 of the Notification No. 50/2017-Customs dated June 30, 2017 is availed. 

• Silver, in any form, in respect of which the benefit of entries at serial number 357 of the Notification No. 50/2017-Customs dated June 30, 2017 is availed.

• Silver, in any form, other than medallions and silver coins having silver content not below 99.9% or semi-manufactured forms of silver. 

• 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. 

• Gold coins having gold content not below 99.5% and gold findings, other than imports of such goods through post, courier, or baggage. 

• Areca Nuts 

The Table 1, 2 and 3 provided in the Notification will be substituted for the existing tables in its parent Notification. These tables contain the details about Chapter headings, descriptions of goods and tariff value. 

[Notification No. 09/2022- Customs (N.T.)]


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