Indian Foreign Trade

Tariff Value for Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Tariff Notification No. 32/2023 – Customs (N.T.) 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 Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments 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 Metric Tonne) (1) (2) (3) (4) 1 1511 10 00 Crude Palm Oil 1001 2 1511 90 10 RBD Palm Oil 1022 3 1511 90 90 Others – Palm Oil 1012 4 1511 10 00 Crude Palmolein 1041 5 1511 90 20 RBD Palmolein 1044 6 1511 90 90 Others – Palmolein 1043 7 1507 10 00 Crude Soya bean Oil 1024 8 7404 00 22 Brass Scrap (all grades) 5154 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 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed 639 per 10 grams   2. 71 or 98 Silver, in any form, in respect of which the benefit of entries at serial number 357 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed 815 per kilogram           3. 71 (i) Silver, in any form, other than medallions and silver coins having silver content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92;   (ii) Medallions and silver coins having silver content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92, other than imports of such goods through post, courier or baggage.   Explanation. – For the purposes of this entry, silver in any form shall not include foreign currency coins, jewellery made of silver or articles made of silver. 815 per kilogram         4.   71 (i) Gold bars, other than tola bars, bearing manufacturer’s or refiner’s engraved serial number and weight expressed in metric units; (ii) Gold coins having gold content not below 99.5% and gold findings, other than imports of such goods through post, courier or baggage. Explanation. – For the purposes of this entry, “gold findings” means a small component such as hook, clasp, clamp, pin, catch, screw back used to hold the whole or a part of a piece of Jewellery in place. 639 per 10 grams 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 10379 (i.e., no change)” This notification shall come into force with effect from the 29th day of April, 2023.   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 3rd August, 2001, vide number S. O. 748 (E), dated the 3rd August, 2001 and was last amended vide Notification No. 28/2023-Customs (N.T.), dated the 13th April, 2023, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 1735(E), dated 13th April, 2023.

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Step-by-Step Guide to Ice Gate Registration: Everything You Need to Know

If you are an importer or exporter in India, you might have heard about Ice Gate registration. Ice Gate stands for the Indian Customs Electronic Commerce/Electronic Data Interchange Gateway, and it is a portal that provides various online services related to customs clearance. In simple terms, Ice Gate is an e-commerce platform that enables the exchange of electronic documents between customs officials and the trading community. Hi, my name is CA Bhuvnesh Kumar Goyal and I am a practicing CA in India. I have been working in this field since 2009 As an importer or exporter, registering on Ice Gate can help you access various services like e-payment of customs duty, tracking of consignments, online application for licenses, and more. However, if you are new to the platform, the registration process can seem a bit daunting. Don’t worry; we have got you covered! In this blog post, we will provide you with a step-by-step guide to Ice Gate registration, so you can get started with ease. Step-by-Step Guide to Ice Gate Registration Step 1: Visit the Ice Gate Website The first step to registering on Ice Gate is to visit the official website. The website is https://www.icegate.gov.in/. Once you are on the website, click on the “Registration” button on the top right corner of the homepage. Step 2: Choose the Registration Type On the registration page, you will be asked to choose the type of registration you want to apply for. There are three types of registration available on Ice Gate: Individual Company Government Department Choose the type of registration that is applicable to you and click on the “Continue” button. Step 3: Fill in the Registration Form After you have chosen the registration type, you will be redirected to the registration form page. The registration form will ask you for various details, including: Personal Information Name Email Address Mobile Number Date of Birth Gender PAN Number Address Information Address Line 1 Address Line 2 City State PIN Code Company Information (If applicable) Company Name Company Address Company Type PAN Number Fill in all the details accurately and click on the “Submit” button. Step 4: Verification Process Once you have submitted the registration form, your application will be sent for verification. The verification process can take up to 3-4 days. You will receive an email confirmation once your application has been approved. Step 5: Login to Ice Gate After your application has been approved, you can log in to Ice Gate using your registered email address and password. Once you are logged in, you can access all the services available on the platform. FAQs Q: Is Ice Gate registration mandatory for importers and exporters in India? A: Yes, Ice Gate registration is mandatory for all importers and exporters in India who want to avail online services related to customs clearance. Q: Can I register for Ice Gate as an individual? A: Yes, individuals can register for Ice Gate. There are separate registration forms available for individuals, companies, and government departments. Q: How long does the verification process take? A: The verification process can take up to 3-4 days. Q: What if I face any issues during the registration process? A: If you face any issues during the registration process, you can contact the IceGate helpdesk. The helpdesk can be reached through phone or email, and they will assist you in resolving your queries. Q: Are there any fees for Ice Gate registration? A: No, there are no fees for Ice Gate registration. It is a free service provided by the Indian Customs. Q: What are the benefits of Ice Gate registration? A: Ice Gate registration provides various benefits, including e-payment of customs duty, online tracking of consignments, online application for licenses, and more. It also reduces the need for physical documentation, saving time and effort. Conclusion Ice Gate registration is a simple process that can be completed in a few easy steps. By registering on Ice Gate, you can access various online services related to customs clearance, making your import and export process more efficient. We hope this step-by-step guide to Ice Gate registration has helped you understand the process better. If you have any further queries, feel free to contact us. Email: [email protected] Contact Number: 9971782649

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