Valuation Ruling 1551/2021 – Customs Values of Betel Nuts (Areca Nuts)

Last Updated: October 25, 2021
Category: Valuation Ruling

Valuation Ruling 1551/2021

In Valuation Ruling 1551/2021, Customs Values of Betel Nuts (Areca Nuts) are determined under Section 25-A of the Customs Act, 1969.

Customs Values of Betel Nuts (Areca Nuts)

Earlier the customs values of Betel Nuts were determined vide Valuation Ruling No. 816/2016, dated 25-02-2016 whereby the value was fixed at US$ 1.2/KG & US$ 1.4/KG for different origins.

However, the said Valuation Ruling was withdrawn, vide Letter C.No./32/2013-1, dated 06-03-2021, by this Directorate because of meager/ insignificant import and subsequent duty/ taxes collected on the import of the subject goods.

Later on, a reference was received from the Collectorate of Customs Appraisement (East), vide letter No. SUMISC/54/KAPE/AC-1/2021(East), dated 29-06-2021,for issuance of fresh Valuation Ruling in view of higher price trends of Betel Nuts in national and international markets. Therefore, an exercise to determine the Customs values of the subject goods afresh was initiated under section 25A of the Customs Act, 1969.

Customs values hereinafter specified shall be assessed to duty/taxes at the following minimum Customs Values:-

Description of goods:
Betel Nuts (A RECA NUTS)

HS Code of Betel Nuts (A RECA NUTS):
0802.8000


Indonesia/ Malaysia/ Singapore/ Vietnam Origin

Customs Values:
2.25 (C&F) USS/KG


Thailand Origin

Customs Values:
3.15 (C&F) USS/KG

Valuation-Ruling-1551-2021

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