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
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
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
