Valuation Ruling 1550/2021 – Customs Values of Copper Scrap

Last Updated: September 27, 2021
Category: Valuation Ruling

Valuation Ruling 1550/2021

In Valuation Ruling 1550/2021, Customs Values of Copper Scrap are determined under Section 25-A of the Customs Act, 1969.

Customs Values of Copper Scrap

Customs values hereinafter specified shall be assessed to duty / taxes at the following minimum Customs Values of Copper Scrap.


Description of goods:
Copper Scrap (as a single separate item)

HS Code of Copper Scrap:
7404.0090

All Origin

Customs Values:
LME Price Published in London Metal Exchange, plus actual freight

Customs-Value-Copper-Scrap-single-separate-item


Description of goods:
Copper Scrap Attached with with Ferrous Scrap (Excluding
Motor/Compress or Scrap)

HS Code of Copper Scrap Attached with Ferrous Scrap:
7204.4990

All Origin

Customs Values:
LME prices published in LMR for respective contents of Copper Scrap and each material attached less up to 25% discount on account of wastage and processing cost. Plus actual freight cost

Customs-Value-Copper-Scrap-Attached-Ferrous-Scrap


Description of goods:
Copper Scrap with Plastic or Other Content that Becomes Wastage

HS Code of Copper Scrap with Plastic or Other Content:
7404.0090

All Origin

Customs Values:
LME prices of Copper Scrap published in LME, less 10% discount on account of processing charges and Wastage, Plus actual freight cost

Customs-Value-Copper-Scrap-with-Plastic-Other-Content-that-Becomes-Wastage


 

Valuation-Ruling-1550-2021

Download Valuation Ruling 1550/2021

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