CBEC - Amended N.No. 36/2001-Customs (N.T.) thereby inserted Tariff Value of Gold and Silver

[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. 4/2012-Customs (N.T.)

New Delhi, 17^th January, 2012

27 Pausha, 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 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 3^rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii) vide number S. O. 748 (E), dated the 3^rd August, 2001, namely:-          

            In the said notification,-

(i) the “TABLE” shall be renumbered as “TABLE-1” and after “TABLE-1” as so renumbered, the following TABLE shall be inserted, namely:-

 “TABLE-2

S. No.	Chapter/heading/sub-heading/tariff item	Description of goods	Tariff value (US $)
(1)	(2)	(3)	(4)
1.	71	Gold, in any form in respect of which the benefit of Notification No. 3/2012-Customs dated 16.01.2012 is availed	526 per 10 grams
2.	71	Silver, in any form in respect of which the benefit of Notification No. 3/2012-Customs dated 16.01.2012 is availed	953 per kilogram”

(ii) in the “TABLE-1” as so renumbered, S. No. 10 and 11 and the entries relating thereto shall be omitted.

[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, Part-II, Section-3, Sub-section (ii) vide Notification No. 36/2001–Customs (N.T.) dated, the 3^rd August, 2001, vide number S. O. 748 (E), dated, the 3^rd August, 2001 and was last amended vide Notification No. 3/2012-Customs (N.T.) dated, the 16^th January, 2012, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 72 (E) dated, the 16^th January, 2012.