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NOTIFICATION NO. 11/2014, DATED 14-02-2014

Tariff value of goods changed w.e.f. 14.02.2014

[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. 11/2014-CUSTOMS (N. T.)

New Delhi, 14^th February, 2014
25 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 3^rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3^rd 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	866
2	1511 90 10	RBD Palm Oil	897
3	1511 90 90	Others – Palm Oil	882
4	1511 10 00	Crude Palmolein	895
5	1511 90 20	RBD Palmolein	898
6	1511 90 90	Others – Palmolein	897
7	1507 10 00	Crude Soyabean Oil	916
8	7404 00 22	Brass Scrap (all grades)	3913
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	421 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	663 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	1872”

[F. No. 467/01/2014-Cus-5]

(R. P. Singh)
Director to the Government of India.

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 3^rd August, 2001, vide number S. O. 748 (E), dated the 3^rd August, 2001 and was last amended vide Notification No. 08/2014-Customs (N.T.), dated the 31^st January, 2014, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O 295 (E) Dated, the 31^st January, 2014.

Opinion

This notification seeks to amend the notification no. 8/2014-Cus(N.T.) dt. 31/01/2014, wherein tariff value of goods has mentioned in Table-1, 2 and 3 have been changed. Tariff value is being determined by CBEC and such power has given under section 14(2) of the Customs Act, 1962 (52 of 1962). The tariff values of gold and silver have been increased while that of poppy seeds remains unchanged. The comparative analysis of the changes is being made as follows:

TABLE -1

Sl. No.	Chapter/ heading/ sub-heading/tariff item	Description of goods	Tariff value US $ (Per Metric Tonne)
Sl. No.	Chapter/ heading/ sub-heading/tariff item	Description of goods	Prior	Post
(1)	(2)	(3)	(4)
1	1511 10 00	Crude Palm Oil	857	866
2	1511 90 10	RBD Palm Oil	880	897
3	1511 90 90	Others – Palm Oil	869	882
4	1511 10 00	Crude Palmolein	896	895
5	1511 90 20	RBD Palmolein	899	898
6	1511 90 90	Others – Palmolein	898	897
7	1507 10 00	Crude Soyabean Oil	917	916
8	7404 00 22	Brass Scrap (all grades)	3959	3913
9	1207 91 00	Poppy seeds	3195	3195

TABLE -2

Sl. No.	Chapter/ heading/ sub-heading/tariff item	Description of goods	Tariff value (US $)
(1)	(2)	(3)	(4)
(1)	(2)	(3)	Prior	Post
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	421 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	663 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)
			Prior	Post
1	080280	Areca nuts	1816”	1872

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