NEW DELHI, 16 October 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.
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” |
*****
