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Date: 15-05-2020
Notification No: Notification No. 42/2020-CUSTOMS (N.T.)
Issuing Authority: Indian Customs  
Type: Non Tariff
File No: F. No. 467/01/2020 -Cus-V
Subject: Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg

Government of India
Ministry of Finance
(Department of Revenue)
(Central Board of Indirect Taxes and Customs)

Notification No. 42/2020-CUSTOMS (N.T.)

New Delhi, 15th May, 2020 25 Vaisakha, 1942 (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 so to do, 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) (2) (3) (4)
1 1511 10 00 Crude Palm Oil 546
2 1511 90 10 RBD Palm Oil 556
3 1511 90 90 Others – Palm Oil 551
4 1511 10 00 Crude Palmolein 561
5 1511 90 20 RBD Palmolein 564
6 1511 90 90 Others – Palmolein 563
7 1507 10 00 Crude Soya bean Oil 636
8 7404 00 22 Brass Scrap (all grades) 3041
9 1207 91 00 Poppy seeds 3623

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 356 of the
Notification No. 50/2017-Customs dated
30.06.2017 is availed
557 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
501 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 semimanufactured 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
501 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.
557 per 10grams

TABLE-3
Sl.
No.
Chapter/ heading/
sub-heading/tariff
item
Description of goods Tariff value
(US $ Per Metric Tonne)
(1) (2) (3) (4)
1. 080280 Areca nuts 3752”

[F. No. 467/01/2020 -Cus-V]

(Pramod Kumar)
Director

Note: - The principal notification was published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide 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. 40/2020-Customs (N.T.), dated the 30th April, 2020, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 1406 (E), dated 30th April, 2020.

       

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