|| Shree Mumba Devi Prasanna ||

AGRICULTURE TIMES

Policy + Research

India declares change in tariff value of palm oil, crude soyabean oil

16 Oct 2016

India has announced that it has changed the rates of crude palm oil, RBD palm oil, others – palm oil, crude palmolein, RBD palmolein, others – palmolein, crude soyabean oil, poppy seeds and areca nuts notified.

New Delhi: India has announced that it has changed the rates of crude palm oil, RBD palm oil, others – palm oil, crude palmolein, RBD palmolein, others – palmolein, crude soyabean oil, poppy seeds and areca nuts notified. 

Indian commerce ministry in a statement released recently said, 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 (CBEC), 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 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 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

704

2

1511 90 10

RBD Palm Oil

724

3

1511 90 90

Others – Palm Oil

714

4

1511 10 00

Crude Palmolein

737

5

1511 90 20

RBD Palmolein

740

6

1511 90 90

Others – Palmolein

739

7

1507 10 00

Crude Soya bean Oil

845

8

7404 00 22

Brass Scrap (all grades)

3028

9

1207 91 00

Poppy seeds

2533

 

                                                            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

2621”

 

                                                                  *****


© Copyright 2017 Agriculture Times. All rights reserved. Republication or redistribution of Agriculture Times content, including by framing or similar means, is expressly prohibited without the prior written consent.
🔀Related News
Subscribe Us