Customs Notification No- 03/2012 (NT) dated 16.01.2012
Amendments in the notification regarding CBEC tariff value
S.O… (E) – In exercise of the powers conferred by sub-section (2) of section 14
of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied
that it is necessary and expedient so to do, hereby fixes the tariff values
specified in column (4) of the Table below, in respect of the imported goods of
the description specified in the corresponding entry in column (3) of the said
Table, having regard to the trend of the value of such or like goods and makes
the following further 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, namely: -
In the said notification, in the Table, after S. No. 9 and the entries relating
thereto, the following serial number and entries shall be inserted, namely:-
TABLE
| S. No. |
Chapter/ heading/sub-
heading/tariff item |
Description of goods |
Tariff value (US $) |
| (1) |
(2) |
(3) |
(4) |
| 10. |
71 |
Gold, in any form in respect of which the benefit of Notification
No. 3/2012-Customs dated 16.01.2012 is claimed |
526 per 10 grams |
| 11. |
71 |
Silver, in any form in respect of which the benefit of Notification
No. 3/2012-Customs dated 16.01.2012 is claimed |
953 per kilogram |
(2) This notification shall come into force with effect from 17th January, 2012.
[F. No. 467/2/2012-Cus.V]
(ABHINAV GUPTA)
Under Secretary to the Government of India
Note: - The Principal notification was published in the Gazette of India,
Extraordinary, vide Notification No. 36/2001–Customs (N.T.), dated, the 3rd
August, 2001 (S. O. 748 (E), dated, the 3rd August, 2001) and was last amended
vide Notification No. 2/2012-Customs (N.T.), dated, the 13thJanuary, 2012 (S. O.
_____ (E) dated 13thJanuary, 2012).
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