Global Crude oil price of Indian Basket was US$ 46.55 per bbl on 13.07.2017



Global Crude oil price of Indian Basket was US$ 46.55 per bbl on 13.07.2017 

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$ 46.55 per barrel (bbl) on 13.07.2017. This was lower than the price of US$ 46.95 per bbl on previous publishing day of 12.07.2017.

In rupee terms, the price of Indian Basket decreased to Rs. 2999.54 per bbl on 13.07.2017 as compared to Rs. 3028.24 per bbl on 12.07.2017. Rupee closed stronger at Rs. 64.44 per US$ on 13.07.2017 as compared to Rs. 64.50 per US$ on 12.07.2017. The table below gives details in this regard:

Particulars    
Unit
Price on July 13, 2017 Previous trading day i.e. 12.07.2017)                              
Crude Oil (Indian Basket)
($/bbl)
              46.55               (46.95)
(Rs/bbl)
            2999.54           (3028.24)
Exchange Rate
(Rs/$)
              64.44               (64.50)


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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(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, 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
693
2
1511 90 10
RBD Palm Oil
709
3
1511 90 90
Others – Palm Oil
701
4
1511 10 00
Crude Palmolein
717
5
1511 90 20
RBD Palmolein
720
6
1511 90 90
Others – Palmolein
719
7
1507 10 00
Crude Soya bean Oil
812
8
7404 00 22
Brass Scrap (all grades)
3340
9
1207 91 00
Poppy seeds
2510

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 356 and 358 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed
396 per 10 grams
2
71 or 98
Silver, in any form, in respect of which the benefit of entries at serial number 357 and 359 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed
518 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
3320”

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