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, 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, 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	703
2	1511 90 10	RBD Palm Oil	742
3	1511 90 90	Others – Palm Oil	723
4	1511 10 00	Crude Palmolein	743
5	1511 90 20	RBD Palmolein	746
6	1511 90 90	Others – Palmolein	745
7	1507 10 00	Crude Soya bean Oil	844
8	7404 00 22	Brass Scrap (all grades)	3677
9	1207 91 00	Poppy seeds	2576

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	413 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	544 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	3965

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GOI Series-III Sovereign Gold Bonds – next Subscription period – December 4-6 2017

Issue price shall be Rs2,952 per gram with Settlement on December 11, 2017.

The Government of India, in consultation with the Reserve Bank of India (RBI), had floated Series III of Sovereign Gold Bonds 2017-18, for the period from October 09, 2017 to December 27, 2017 (with subscription period Monday to Wednesday every week). The Bonds will be issued on the succeeding Monday after each subscription period.

For the next subscription period i.e. December 4 - 6, 2017, the issue price shall be Rs2,952 (Rupees Two thousand Nine hundred Fifty Two only) – per gram with Settlement on December 11, 2017, as also published by RBI in their Press Release dated November 30, 2017.

The Government of India in consultation with the Reserve Bank of India (RBI),has decided to allow discount of Rs 50 (Rupees Fifty) per gram from the issue price to those investors who apply online and the payment is made through digital mode. 

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Controller General of Accounts launches the upgraded version of Central Pension Accounting Office (CPAO) website www.cpao.nic.in.

The Controller General of Accounts, Department of Expenditure, M/o Finance, GOI has launched the upgraded version of Central Pension Accounting Office (CPAO) website www.cpao.nic.in primarily to cater to the needs of central civil pensioners and other stakeholders in the Ministries/Departments and Banks.

The website has been developed in-house by the NIC Wing of CPAO. The CPAO website is now web responsive and can be accessed by the pensioners on the mobile, tablet and other digital devices in a more responsive manner. The website provides a single window for both accessing pension related information and facilitating grievance Redressal of pensioners. By registering on the CPAO website, the pensioners can get the detailed information of their pension processing status and the last 12 payment details. They can also view and download all PPOs (Pension Payment orders) and SSAs (Special seal authorities) issued by CPAO. Apart from this, pensioners can register their grievances on CPAO website and track the status thereon.

The Ministries/Departments and banks have also been provided MIS Reports under their respective logins and their users can access various reports designed as per their needs. This would help them in better pension delivery and faster grievance redressal of pensioners.

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Highlights of the Monthly Account of the Government of India upto October 2017

The Monthly Account of the Government of India upto October 2017 has been consolidated and reports published. Highlights of the same are given below:-

The Government of India has received Rs.7,67327 crore (47.9% of corresponding BE 17-18 of Total Receipts) upto October 2017 comprising Rs. 6,33,617 crore Tax Revenues (Net to Centre), Rs. 95,151 crore of Non-Tax Revenues and Rs.38,559 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans (Rs. 8,394 crore) and Disinvestment of PSUs (Rs. 30,165 crore).

Rs.3,37,280 crore has been transferred to the State Governments as Devolution of Share of Taxes by Government of India in this period.

Total Expenditure incurred by Government of India is Rs.12,92,648 crore (60.2% of corresponding BE 17-18), out of which Rs.11,29,853 crore is on Revenue Account and Rs.1,62,795 crore is on Capital Account. Out of the total Revenue Expenditure,Rs.2,57,909 crore is on account of Interest Payments and Rs.1,91,336 crore is on account of Major Subsidies.