Global crude oil price of Indian Basket was US$ 48.85 per bbl on 14.08.2015
Global crude oil price of Indian Basket was US$ 48.85 per bbl on 14.08.2015
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 48.85 per barrel (bbl) on 14.08.2015. This was lower than the price of US$ 49.52 per bbl on previous publishing day of 13.08.2015.
In rupee terms, the price of Indian Basket decreased to Rs 3181.11 per bbl on 14.08.2015 as compared to Rs 3214.84 per bbl on 13.08.2015. Rupee closed weaker at Rs 65.12 per US$ on 14.08.2015 as against Rs 64.92 per US$ on 13.08.2015. The table below gives details in this regard:
Daily Crude Oil Price- 17.08.2015
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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 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
|
593
|
2
|
1511 90 10
|
RBD Palm Oil
|
624
|
3
|
1511 90 90
|
Others – Palm Oil
|
609
|
4
|
1511 10 00
|
Crude Palmolein
|
626
|
5
|
1511 90 20
|
RBD Palmolein
|
629
|
6
|
1511 90 90
|
Others – Palmolein
|
628
|
7
|
1507 10 00
|
Crude Soya bean Oil
|
700
|
8
|
7404 00 22
|
Brass Scrap (all grades)
|
3336
|
9
|
1207 91 00
|
Poppy seeds
|
2188
|
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
|
363 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
|
499 per kilogram
|
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
|
2452”
|
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