Tariff Value for Customs Duty is fixed by Central Govt. for Gold and Silver if benefit of NN.3/2012 Claimed

[TO BE PUBLISHED IN PART-II, SECTION-3, SUB-SECTION (ii) OF THE GAZETTE OF INDIA, EXTRAORDINARY]

Government of India

Ministry of Finance

(Department of Revenue)

(Central Board of Excise and Customs)

Notification No.  3/2012 - Customs (N.T.)

New Delhi, 16^th January, 2012

26Pausha, 1933 (SAKA)

            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 3^rd 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 17^th 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 3^rdAugust, 2001 (S. O. 748 (E), dated, the 3^rd August, 2001) and was last amended vide Notification No. 2/2012-Customs (N.T.), dated, the 13^thJanuary, 2012 (S. O. _____ (E) dated 13^thJanuary, 2012).