CBIC notifies the tariff value of specified goods 14-Oct-2021

14 October 2021

CBIC notifies the tariff value of specified goods 14-Oct-2021

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The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 81/2021 – Customs (N.T.) dated 14th October 2021 notify the amendment in tariff value of the specified goods.

Government of India
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes and Customs
Notification No. 81 /2021-CUSTOMS (N.T.)
New Delhi, 14th October, 2021
22 ASVINA 1943, (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 itemDescription of goodsTariff value (US $Per Metric Tonne)
(1)(2)(3)(4)
11511 10 00Crude Palm Oil1203
21511 90 10RBD Palm Oil1214
31511 90 90Others – Palm Oil1209
41511 10 00Crude Palmolein1221
51511 90 20RBD Palmolein1224
61511 90 90Others – Palmolein1223
71507 10 00Crude Soya bean Oil1388
87404 00 22Brass Scrap (all grades)5300

TABLE-2

Sl. No.Chapter/ heading/ sub-heading/tariff itemDescription of goodsTariff value (US $)
(1)(2)(3)(4)
171 or 98Gold, 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 availed575 per 10 grams
271 or 98Silver, 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 availed739 per kilogram
371(i) Silver, in any form, other than medallions and silver coins having silver content not below 99.9% or semimanufactured 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.
739 per kilogram
471(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.
575 per 10 grams

TABLE-3

Sl. No.Chapter/ heading/ sub-heading/tariff itemDescription of goodsTariff value (US $ Per Metric Tonne)
(1)(2)(3)(4)
1080280Areca nuts5252”

2. This notification shall come into force with effect from the 15th day of October, 2021.

[F. No. 467/01/2021-Cus-V]

(Bullo Mamu)
Under Secretary to the Govt. of India

Note: – The principal notification was published in the Gazette of India, Extraordinary, Part-II, Section3, 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. 79/2021 – Customs (N.T.), dated the 30th September, 2021, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 4045 (E), dated 30th September, 2021.

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