CBIC modifies Tariff Value for Edible Oil, Brass Scrap, Poppy Seeds, Areca Nut and Silver as on July 15, 2020

The Central Board of Indirect Taxes and Customs (CBIC) on July 15, 2020, has amended the tariff Notification in respect of fixation of tariff value of the following goods:

Crude Palm Oil

RBD Palm Oil

Others – Palm Oil

Crude Palmolein

RBD Palmolein

Others – Palmolein

Crude Soya bean Oil

Brass Scrap (all grades)

Poppy seeds

Gold, in any form, in respect of which the benefit of entries at serial number 356 of the Notification No. 50/2017-Customs dated June 30, 2017 is availed.

Silver, in any form, in respect of which the benefit of entries at serial number 357 of the Notification No. 50/2017-Customs dated June 30, 2017 is availed.

Areca nuts

The Table 1, 2 and 3 provided in the Notification will be substituted for the existing tables in its parent Notification. These tables contain the details about Chapter headings, descriptions of goods and tariff value.

[Notification No. 57/2020-CUSTOMS (N.T.)] 

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Experienced Legal Associate with a demonstrated history of working in the information technology and services industry. Skilled in Legal Compliance, Taxation Laws, Oil & Gas, Regulatory Affairs, and Regulatory Compliance. Strong information technology professional with a Bachelor of Laws - LLB focused in Energy Laws from University of Petroleum and Energy Studies.

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