Notification no 16/2024 Customs(Non Tariff) date on 29th February, 2024

CUSTOMS (N.T.) Notification No 16 of 2024 dated 29th February, 2024

 

 

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg 

The extract of CUSTOMS (N.T.) Notification No. 16/2024- CUSTOMS is given below: 

 Notification No. 16/2024-CUSTOMS(Non Tariff Notification)

 

 

 

[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 Indirect Taxes and Customs 

Notification No. 16/2024-CUSTOMS (N.T.)

 

New Delhi, 29th              February, 2024

10 Phalguna, 1945 (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 Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments 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

1511 10 00

Crude Palm Oil

891

2

1511 90 10

RBD Palm Oil

902

3

1511 90 90

Others – Palm Oil

897

4

1511 10 00

Crude Palmolein

907

5

1511 90 20

RBD Palmolein

910

6

1511 90 90

Others – Palmolein

909

7

1507 10 00

Crude Soya bean Oil

903

8

7404 00 22

Brass Scrap (all grades)

4937

 

                         TABLE-2 

Sl. No

Chapter/ heading/

sub-heading/tariff

item

Description of goods

Tariff value

US $

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

 

654 per 10grams

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

724 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

724 per Kilogram

4

71

(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.

654 per 10

grams

  

 

                                    TABLE-3 

Sl. No.

Chapter/ heading/

sub-heading/tariff

item

Description of goods

Tariff value

(US $ Per Metric Ton)

1

080280                       

Areca nuts

6259 (i.e., no change)

 

 

This notification shall come into force with effect from the 01st day of March, 2024. [F. No. 467/01/2024-Cus.V] 

 

 

(Megha Bansal)

Under Secretary to the Govt. 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 3rd August, 2001, vide number S. O. 748 (E), dated the 3rd August, 2001 and was last amended vide Notification No. 12/2024-Customs (N.T.), dated the 15th February, 2024 e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 720 (E), dated 15th February, 2024.

 

 


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