Crude oil price was US$ 54.79 per bbl on 14.02.2017
Global Crude oil price of Indian Basket was US$ 54.79 per bbl on 14.02.2017
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$ 54.79 per barrel (bbl) on 14.02.2017. This was lower than
the price of US$ 54.87 per bbl on previous publishing day of 13.02.2017.
In rupee terms, the price of Indian Basket decreased to Rs. 3667.79
per bbl on 14.02.2017 as compared to Rs. 3674.49 per bbl on 13.02.2017. Rupee closed stronger at Rs. 66.94 per
US$ on 14.02.2017 as compared to Rs. 66.97 per
US$ on 13.02.2017. The table below gives details in this
regard:
Particulars
|
Unit
|
Price
on February 14, 2017 (Previous trading day i.e. 13.02.2017)
|
Pricing
Fortnight for 01.02.2017
(Jan
12, 2017 to Jan 27, 2017)
|
Crude Oil (Indian
Basket)
|
($/bbl)
|
54.79 (54.87)
|
54.03
|
3667.79 (3674.49)
|
3680.52
|
||
Exchange Rate
|
66.94 (66.97)
|
68.12
|
*******
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
|
814
|
|
2
|
1511
90 10
|
RBD
Palm Oil
|
819
|
|
3
|
1511
90 90
|
Others
– Palm Oil
|
817
|
|
4
|
1511
10 00
|
Crude
Palmolein
|
820
|
|
5
|
1511
90 20
|
RBD
Palmolein
|
823
|
|
6
|
1511
90 90
|
Others
– Palmolein
|
822
|
|
7
|
1507
10 00
|
Crude
Soya bean Oil
|
847
|
|
8
|
7404
00 22
|
Brass
Scrap (all grades)
|
3247
|
|
9
|
1207
91 00
|
Poppy
seeds
|
2625
|
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
|
400
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
|
583
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
|
2594”
|
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