Public Notice No. 90/2001 Appraising (General)

Import Supply No. 38

Export Supply No. 38

PUBLIC NOTICE NO.90/2001 Date:06.08.2001

Sub: Fixation of Tariff Value Section 14(2) of the Custom act, 1962 on Crude Palm Oil, RBD Palm Oil & RBD Palmolein
Attention of the trade, Importers, CHAs and other concerned in invited to Board’s Notification No. 36/2001- Cus-(NT) dated 03.08.2001effective from 03.08.2001 fixing Tariff Values for Crude Palm Oil at us $ 337 (Three Hundred and Thirty Seven) PMT for RBD Palm Oil at us $ 351 (Three Hundred and Fifty one) PMT and for RBD Palmolein at us $ 372 (Three Hundred and Seventy two) PMT in terms of section 14(2) of the Customs Act, 1962.

The valuation of the specified goods would have to be done in terms of this Notification and not as per the definition of value under section 14(1) read with section 14(1A) of the Customs Act 1962. Under section 15(1) of the Customs Act, 1962 the tariff valuation applicable in the case of goods cleared from a warehouse under section 68 shall be the tariff value in force on the date on which the goods are actually removed from the warehouse. The tariff value fixed under the said Notification shall, therefore, be applicable to the goods cleared from a Bonded Warehouse on or after 01.08.2001, It should also be noted that where the Tariff value has been fixed in respect of any goods the duty leviable on Advolerum basis is required to be levied on such tariff values without any further addition of Freight, Insurance, Landing charges etc.

A copy the notification no. 36/2001- Cus-(NT) dated 3.8.2001is given on the reverse.


Sd/-
(M.C.THAKUR)
COMMISSIONER OF CUSTOMS (IMPORT)
NEW CUSTOM HOUSE, MUMBAI

Issued vide file No. S/26-290/99 A(G)

A T T E S T E D


(K.P.MISRA)
DY.COMMISSIONEROF CUSTOMS
APPRASISING GENERAL

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