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HomeNotificationCBIC Notifies Fixation Of Tariff Value Of Edible Oils, Brass Scrap, Areca...

CBIC Notifies Fixation Of Tariff Value Of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

NotificationIndirect Taxes

Published on

By Amit Sharma
Fixation of Tariff Value
CBIC

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The Central Board of Indirect Taxes and Customs (CBIC) has notified the fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver.

The Tariff value (US $) 845 per 10 grams shall be applicable in case of 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.

The Tariff value (US $) 989 per kilogram shall be applicable in case of  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.

The Tariff value (US $)  845 per 10 grams shall be applicable in case of Gold bars, other than tola bars, bearing manufacturer’s or refiner’s engraved serial number and weight expressed in metric units. Gold coins having gold content not below 99.5% and gold findings, other than imports of such goods through post, courier or baggage. 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.

The Tariff value (US $) 6552 shall be applicable in case of Areca nuts.

Notification Details

Notification No. 79/2024-CUSTOMS (N.T.)

Date: 13/11/2024

Click Here To Read Notification
Amit Sharma
Amit Sharma
Amit Sharma is the Content Editor at JurisHour. He has been writing about the Indian legal market. He has covered tax & company litigation stories from the Supreme Court, High Courts and Various Tribunals. Amit graduated from MLSU Law College with B.A.LL.B. and also holds an LL.M. from MLSU, Udaipur, Rajasthan. An Advocate in Taxation, and practised in Tribunals as well as Rajasthan High Court and pursued Masters in Constitutional Law. He started out small with little resources but a big plan to take tax legal education to the remotest locations across India and eventually to the world. His vision is to make tax related legal developments accessible to the masses.

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