Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, others – 13.4.2016
Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, others – Palm
Oil, Crude Palmolein, RBD Palmolein, others – Palmolein, Crude Soyabean
Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold and Silver
Notified
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,
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, TABLE-2, 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
|
747
|
|
2
|
1511
90 10
|
RBD
Palm Oil
|
754
|
|
3
|
1511
90 90
|
Others
– Palm Oil
|
751
|
|
4
|
1511
10 00
|
Crude
Palmolein
|
759
|
|
5
|
1511
90 20
|
RBD
Palmolein
|
762
|
|
6
|
1511
90 90
|
Others
– Palmolein
|
761
|
|
7
|
1507
10 00
|
Crude
Soya bean Oil
|
802
|
|
8
|
7404
00 22
|
Brass
Scrap (all grades)
|
2964
|
|
9
|
1207
91 00
|
Poppy
seeds
|
2533
|
TABLE-2
|
Sl.
No.
|
Chapter/
heading/ sub-heading/tariff item
|
Description
of goods
|
Tariff
value
(US
$)
|
|
(1)
|
(2)
|
(3)
|
(4)
|
|
1
|
71
or 98
|
Gold,
in any form, in respect of which the benefit of entries at serial number 321
and 323 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed
|
408
per 10 grams
|
|
2
|
71
or 98
|
Silver,
in any form, in respect of which the benefit of entries at serial number 322
and 324 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed
|
520
per kilogram
|
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
|
2617”
|
************
Interest rates for NSSF loan to Centre and States for FY 2016-17 revised and fixed at 8.8% in place of 9.5%.
In line
with the revision of interest rates of small savings schemes, interest
rates for the National Small Savings Fund (NSSF) loan to Centre and
States for FY 2016-17 has been revised and fixed at 8.8% in place of
9.5%.
The National Small Savings Fund (NSSF) invests its net collection as loan to Centre and State/UT Governments. The interest rate of NSSF loan to Centre and States for Financial Year 2015-16 was 9.5%. This interest rate was felt to be burdensome on States’ economies.
In the context of easing the transmission of the lower interest rates in the economy, the Government has taken a comprehensive view on the social goals of certain National Small Savings Schemes. The interest rates for First Quarter of the Financial Year 2016-17 in respect of various small savings schemes were communicated through O.M. dated 18.3.2015.
The National Small Savings Fund (NSSF) invests its net collection as loan to Centre and State/UT Governments. The interest rate of NSSF loan to Centre and States for Financial Year 2015-16 was 9.5%. This interest rate was felt to be burdensome on States’ economies.
In the context of easing the transmission of the lower interest rates in the economy, the Government has taken a comprehensive view on the social goals of certain National Small Savings Schemes. The interest rates for First Quarter of the Financial Year 2016-17 in respect of various small savings schemes were communicated through O.M. dated 18.3.2015.
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