Change in Tariff Value of Crude Palm Oil, Rbd Palm Oil, others
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 MetricTonne)
|
|
(1)
|
(2)
|
(3)
|
(4)
|
|
1
|
1511 10 00
|
Crude Palm Oil
|
575 (i.e. no change)
|
|
2
|
1511 90 10
|
RBD Palm Oil
|
617 (i.e. no change)
|
|
3
|
1511 90 90
|
Others – Palm Oil
|
596 (i.e. no change)
|
|
4
|
1511 10 00
|
Crude Palmolein
|
631 (i.e. no change)
|
|
5
|
1511 90 20
|
RBD Palmolein
|
634 (i.e. no change)
|
|
6
|
1511 90 90
|
Others – Palmolein
|
633 (i.e. no change)
|
|
7
|
1507 10 00
|
Crude Soya bean Oil
|
754 (i.e. no change)
|
|
8
|
7404 00 22
|
Brass Scrap (all grades)
|
3117 (i.e. no change)
|
|
9
|
1207 91 00
|
Poppy seeds
|
2648 (i.e. no change)
|
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
|
354 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
|
517 per kilogram (i.e. no change)
|
TABLE-3
|
Sl. No.
|
Chapter/ heading/ sub-heading/tariff item
|
Description of goods
|
Tariff value
(US $ Per Metric Tons )
|
|
(1)
|
(2)
|
(3)
|
(4)
|
|
1
|
080280
|
Areca nuts
|
2662” (i.e. no change)
|
*************
Indirect Tax Revenue (Provisional) collections
during October 2015 increased by 36.8% as compared with collections made in
October 2014;
Cumulatively, during April-October 2015, Indirect Tax Collections increased by 35.9% over the collections made during the same period last year suggesting a healthy growth in the underlying tax base
Cumulatively, during April-October 2015, Indirect Tax Collections increased by 35.9% over the collections made during the same period last year suggesting a healthy growth in the underlying tax base
In October 2015, indirect tax revenue (provisional) collections increased
by 36.8% compared with collections made in October 2014. Cumulatively, during
April-October 2015, indirect tax collections increased by 35.9% over the
collections made during the same period last year, while, the target growth
rate for 2015-16 is 18.8%. Overall, in monetary terms, the indirect tax revenue
(provisional) collections increased to Rs 3,82,860 crore during
April-October 2015 from Rs.2,81,798 crore during April-October 2014. In the
month of October 2015 alone, the collections increased to Rs.58, 691 crore from
Rs.42, 897 crore in October 2014.
Collections on account of Central Excise increased from Rs.87,588 crore in
April-October 2014 to Rs.1, 47,685 crore in April-October 2015 and thereby
registering an increase of 68.6 %. In case of Service Tax, collections
increased from Rs. 89,379 crore in April-October 2014 to Rs. 1, 12,727 crore in
April-October 2015 and thereby registering an increase of 26.1 %. Collections
on account of Customs increased from Rs. 1, 04,831 crore in April-October 2014
to Rs. 1, 22,448 crore in April-October 2015 and thereby registering an
increase of 16.8 %.
These collections reflect in part increase due to additional measures taken by
the Government from time to time, including the excise increases on diesel and
petrol, the increase in clean energy cess, the withdrawal of exemptions for motor
vehicles, capital goods and consumer durables, and from June 2015, the increase
in Service Tax rates from 12.36% to 14%.
However,
stripped of all these additional measures, indirect tax collections increased
by 11.6% during April-October 2015 as compared to April-October 2014.
Details of overall Indirect Tax Revenue (provisional) collections during
April-October 2015 along with growth rate compared to the corresponding period
in the previous year are as follows:
Indirect Tax Collection: April- October 2015
(Rs. in crores)
|
Tax Head
|
B.E.
2015-16
|
For October
|
Up-to October
|
% of BE achievement
|
||||
|
2014-15
|
2015-16
|
% Growth
|
2014-15
|
2015-16
|
% Growth
|
|||
|
Customs
|
208336
|
16800
|
18998
|
13.1
|
104831
|
122448
|
16.8
|
58.8
|
|
Central Excise*
|
228157
|
13569
|
22550
|
66.2
|
87588
|
147685
|
68.6
|
64.7
|
|
Service Tax
|
209774
|
12528
|
17143
|
36.8
|
89379
|
112727
|
26.1
|
53.7
|
|
Total
|
646267
|
42897
|
58691
|
36.8
|
281798
|
382860
|
35.9
|
59.2
|
*Exclusive of cess administered by
other departments.
********
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