Crude oil price was US$ 54.79 per bbl on 14.02.2017



Global Crude oil price of Indian Basket was US$ 54.79 per bbl on 14.02.2017
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 54.79 per barrel (bbl) on 14.02.2017. This was lower than the price of US$ 54.87 per bbl on previous publishing day of 13.02.2017.

In rupee terms, the price of Indian Basket decreased to Rs. 3667.79 per bbl on 14.02.2017 as compared to Rs. 3674.49 per bbl on 13.02.2017. Rupee closed stronger at Rs. 66.94 per US$ on 14.02.2017 as compared to Rs. 66.97 per US$ on 13.02.2017. The table below gives details in this regard:

Particulars     
Unit
Price on February 14, 2017 (Previous trading day i.e. 13.02.2017)                                                                  
Pricing Fortnight for 01.02.2017
(Jan 12, 2017 to Jan 27, 2017)
Crude Oil (Indian Basket)
($/bbl)
                  54.79             (54.87)       
54.03
(Rs/bbl
                 3667.79       (3674.49)       
3680.52
Exchange Rate
  (Rs/$)
                  66.94             (66.97)
   68.12

*******
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
814
2
1511 90 10
RBD Palm Oil
819
3
1511 90 90
Others – Palm Oil
817
4
1511 10 00
Crude Palmolein
820
5
1511 90 20
RBD Palmolein
823
6
1511 90 90
Others – Palmolein
822
7
1507 10 00
Crude Soya bean Oil
847
8
7404 00 22
Brass Scrap (all grades)
3247
9
1207 91 00
Poppy seeds
2625

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
400 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
583 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
2594”

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