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The tariff values of certain commodities are amended from time to time by issue of notification in the official gazette. This notification also seeks to amend the tariff values of various items. The tariff value of Gold has been increased from 422 per 10 gms to 424 per 10 gms and that of silver has been increased from 632 per Kg to 650 per Kg. The comparative analysis of the changes are depicted in the table below:-

Table 1
S. No.	Chapter/ heading/ sub-heading/tariff item	Description of goods	Tariff value USD (Per Metric Tonne) from 30.04.2014	Tariff value USD (Per Metric Tonne) from 15.05.2014
(1)	(2)	(3)	(4)	(5)
1	1511 10 00	Crude Palm Oil	920	905
2	1511 90 10	RBD Palm Oil	943	938
3	1511 90 90	Others - Palm Oil	932	922
4	1511 10 00	Crude Palmolein	961	946
5	1511 90 20	RBD Palmolein	964	949
6	1511 90 90	Others –Palmolein	963	948
7	1507 10 00	Crude Soyabean Oil	980	946
8	7404 00 22	Brass Scrap (all grades)	3871	3891
9	1207 91 00	Poppy seeds	3255	3255
Table 2
S. No.	Chapter/ heading/ sub-heading/tariff item	Description of goods	Tariff value USD from 30.04.2014	Tariff value USD from 15.05.2014

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	422 per 10 grams	424 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	632 per kilogram	650 per kilogram
Table 3
S. No.	Chapter/ heading/ sub-heading/tariff item	Description of goods	Tariff value USD (Per Metric Tons) from 30.04.2014	Tariff value USD (Per Metric Tons) from 15.05.2014
1	080280	Areca nuts	1908	1908

42/2014-Cus(NT),dt. 15-05-2014

Opinion