## Report on Customs Notification No. 41/2022 - Amendments to Tariff Values
**1. Executive Summary:**
This report analyzes Customs Notification No. 41/2022, published by the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs (CBIC) on May 13, 2022. This notification amends a previous notification (No. 36/2001-Customs N.T.) concerning tariff values for specific goods. The core purpose of this amendment is to update the tariff values for various commodities, including palm oil, soya bean oil, brass scrap, gold, silver, and areca nuts, impacting import costs and potentially affecting domestic market prices for these goods.
**2. Introduction:**
The purpose of this report is to provide an informative analysis of Customs Notification No. 41/2022, based solely on the provided text. The report aims to outline the changes implemented by this notification, focusing on the affected commodities and their corresponding revised tariff values. This analysis is intended to assist stakeholders in understanding the implications of these changes on import duties and related trade activities.
**3. Policy Overview:**
This notification is an *amendment* to the original policy established by Notification No. 36/2001-Customs N.T., dated August 3, 2001.
The core objective of the amendment, as inferred from the text, is to update the tariff values for a specific list of imported goods.
**4. Background and Rationale:**
The rationale for this specific amendment is likely to adjust tariff values to reflect current market prices or to address discrepancies between declared values and prevailing market rates. The amendment ensures that the government collects appropriate customs duties based on realistic import values for these key commodities.
**5. Key Provisions / Changes:**
This notification focuses specifically on amending the tariff values for various imported goods. The key changes introduced are as follows:
* **Specific Part of Original Policy Changed:** The notification explicitly states that "TABLE1, TABLE2, and TABLE3" of the original notification are being substituted.
* **New Rule/Provision:** The amendment introduces entirely new Tables with updated tariff values for the following goods:
* **Table 1: Palm Oil and Soya bean oil**
*Crude Palm Oil: 1703 USD Per Metric Tonne
*RBD Palm Oil: 1765 USD Per Metric Tonne
*Others Palm Oil: 1734 USD Per Metric Tonne
*Crude Palmolein: 1768 USD Per Metric Tonne
*RBD Palmolein: 1771 USD Per Metric Tonne
*Others Palmolein: 1770 USD Per Metric Tonne
*Crude Soya bean Oil: 1827 USD Per Metric Tonne
*Brass Scrap all grades: 5738 USD Per Metric Tonne
* **Table 2: Gold and Silver**
*Gold, in any form, in respect of which the benefit of entries at serial number 356 of the Notification No. 592-Customs dated 30.06.2017 is availed: 71 or 98 per 10 grams
*Silver, in any form, in respect of which the benefit of entries at serial number 357 of the Notification No. 687-Customs dated 30.06.2017 is availed: 71 or 98 per kilogram
*Silver, in any form, other than medallions and silver coins having silver content not below 99.9 or semimanufactured forms of silver falling under subheading 7106 92: 687 per kilogram
*Medallions and silver coins having silver content not below 99.9 or semimanufactured forms of silver falling under subheading 7106 92, other than imports of such goods through post, courier or baggage: 687 per kilogram
*Gold bars, other than tola bars, bearing manufacturers or refiners engraved serial number and weight expressed in metric units: 71 per 10 grams
*Gold coins having gold content not below 99.5 and gold findings, other than imports of such goods through post, courier or baggage: 592 per 10 grams
* **Table 3: Areca nuts**
*Areca nuts: 5477 USD Per Metric Tonne
* **Difference/Effect of Change:** The revised tariff values directly impact the import duties levied on these goods. Higher tariff values will result in increased import costs, while lower values will decrease them. The specific impact will depend on the magnitude of the change for each commodity compared to the previous tariff value.
**6. Target Audience and Stakeholders:**
The primary target audience includes:
* Importers of palm oil, soya bean oil, brass scrap, gold, silver, and areca nuts.
* Customs brokers and agents involved in the import process.
* Businesses that use these commodities as raw materials (e.g., food processing, jewelry manufacturing).
* Consumers, as the changes in import duties can indirectly affect the retail prices of goods.
**7. Implementation Aspects (Inferred):**
* **Responsible Agency/Bodies:** The Central Board of Indirect Taxes and Customs (CBIC) is the responsible body for implementing this notification. The Department of Revenue, under the Ministry of Finance, is the overseeing authority.
* **Timelines/Procedures:** The notification explicitly states that it will come into force with effect from the 14th day of May, 2022.
* **Implementation of Changes:** Importers will need to declare the updated tariff values for the specified goods from the effective date. Customs officials will use these values to assess import duties.
**8. Expected Outcomes / Impact of Changes:**
The likely intended outcomes of these changes are:
* **Impact on Import Costs:** Changes in tariff values will affect the cost of importing these specific commodities.
* **Revenue Implications:** Adjustments in tariff values are designed to ensure accurate revenue collection,
* **Market Adjustments:** Changes in tariffs can affect domestic pricing if importers pass added cost to buyers.
**9. Conclusion:**
Customs Notification No. 41/2022 introduces significant changes to the tariff values of several imported goods, including palm oil, soya bean oil, brass scrap, gold, silver, and areca nuts. These amendments, effective from May 14, 2022, will directly impact import costs and have potential implications for domestic market prices. Affected stakeholders need to carefully review the revised tariff values and adjust their import strategies accordingly.
Key Entities Referenced
Customs Act, 1962: An act of Indian Parliament related to customs and duties, referenced for the powers conferred in the notification.
Central Board of Indirect Taxes and Customs: A government body responsible for the formulation of policy concerning indirect taxes, including customs, and is referenced as the authority issuing the notification.
New Delhi: The location where the notification was issued.
Crude Palm Oil: A commodity whose tariff value is being amended by the notification.
RBD Palm Oil: A commodity whose tariff value is being amended by the notification.
Others Palm Oil: A commodity whose tariff value is being amended by the notification.
Crude Palmolein: A commodity whose tariff value is being amended by the notification.
RBD Palmolein: A commodity whose tariff value is being amended by the notification.
Others Palmolein: A commodity whose tariff value is being amended by the notification.
Crude Soya bean Oil: A commodity whose tariff value is being amended by the notification.
Brass Scrap: A commodity whose tariff value is being amended by the notification.
Gold: A precious metal whose tariff value is being amended by the notification.
Silver: A precious metal whose tariff value is being amended by the notification.
Areca nuts: A commodity whose tariff value is being amended by the notification.
Ministry of Finance: The ministry under which the Department of Revenue operates.
Department of Revenue: A department of the Ministry of Finance.
Notification No. 592/502017Customs dated 30.06.2017: A previous notification related to customs, referenced in the current notification.
Notification No. 687/502017Customs dated 30.06.2017: A previous notification related to customs, referenced in the current notification.
HARISH KUMAR: Under Secretary who signed the notification
Mayapuri, New Delhi: Location of the Government of India Press.
Delhi: Location of the Controller of Publications.
रजजस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
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असाधारण
EXTRAORDINARY
भाग II—खण्ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 2117] नई ददल्ली, िक्रु िार, मई 13, 2022/ििै ाख 23, 1944
No. 2117] NEW DELHI, FRIDAY, MAY 13, 2022/VAISAKHA 23, 1944
जित्त मत्रं ालय
(राजस्ट्ि जिभाग)
(केंद्रीय अप्रत्यक्ष कर एि ंसीमा िल्ु क बोड)ड
अजधसचू ना
नई ददल्ली, 13 मई, 2022
स.ं 41/2022-सीमा िल्ु क (ग.ैटै.)
का.आ. 2228(अ).—सीमा िल्ु क अजधजनयम, 1962 (1962 का 52) की धारा 14 की उपधारा (2) द्वारा प्रदत् त िजियों का
प्रयोग करते हुए, केंद्रीय अप्रत्यक्ष कर एि ं सीमा िुल्क बोडड, इस बात से संतुष्ट होने पर दक ऐसा करना आिश्यक एि ं समीचीन है,
एतद्द्वारा, भारत सरकार, जित्त मंत्रालय (राजस्ट्ि जिभाग) की अजधसूचना सं. 36/2001-सीमा िुल्क (गै. टै.), ददनांक 3 अगस्ट्त, 2001,
जजसे का.आ. 748 (अ), ददनांक 3 अगस्ट्त, 2001 के तहत भारत के राजपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) में प्रकाजित
दकया गया था, में जनम्नजलजखत संिोधन करता है, अथाडत्:-
उक् त अजधसूचना में, सारणी-1, सारणी-2 और सारणी-3 के स्ट्थान पर जनम्नजलजखत सारजणयााँ प्रजतस्ट्थाजपत की जाएाँगी,
अथाडत्:-
"सारणी-1
क्रम. स.ं अध्य ाय/िीर्ड/उपिीर्ड/ टैररफ मूल् य
माल का जििरण
टैररफ मद (अमरीकी डालर प्रजत मीररक टन)
(1) (2) (3) (4)
1 1511 10 00 कच्चा पॉम ऑयल 1703
2 1511 90 10 आर बी डी पॉम ऑयल 1765
3 1511 90 90 अन् य पॉम ऑयल 1734
3261 GI/2022 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
4 1511 10 00 कच्चा पामोजलन 1768
5 1511 90 20 आर बी डी पामोलीन 1771
6 1511 90 90 अन्य पामोलीन 1770
7 1507 10 00 सोयाबीन का कच् चा तेल 1827
8 7404 00 22 पीतल स्ट् क्रेप (सभी ग्रेड) 5738
सारणी-2
क्रम. स.ं अध्य ाय/िीर्ड/ टैररफ मूल् य
माल का जििरण
उपिीर्ड/ टैररफ मद (अमरीकी डालर)
(1) (2) (3) (4)
1 71 या 98 स्ट्िणड, दकसी भी रूप में, जजसके सम्बन्ध में अजधसूचना संख्या 592 प्रजत 10 ग्राम
50/2017-सीमा िुल्क, ददनांक 30.06.2017 की प्रजिजष्ट संख्या
356 के अंतगतड लाभ प्राप्त दकया गया हो
2 71 या 98 रजत, दकसी भी रूप में, जजसके सम्बन्ध में अजधसूचना संख्या 687
50/2017-सीमा िुल्क, ददनांक 30.06.2017 की प्रजिजष्ट संख्या प्रजत दकलोग्राम
357 के अंतगडत लाभ प्राप्त दकया गया हो
(i) रजत, पदकीय या रजत जसक्कों से जभन्न दकसी भी रूप में,
जजसकी रजत अंतिडस्ट्तु 99.9 प्रजतित से कम नहीं ह ैया उपिीर् ड
7106 92 के अधीन आने िाले रजत के अध डजिजनर्ममत प्ररूप;
(ii) पदकीय या रजत जसक्के, जजसकी रजत अंतिडस्ट्तु 99.9
प्रजतित से कम नहीं ह ै या डाक, कुररयर या सामान के माध्यम 687 प्रजत दकलोग्राम
3 71 से ऐसे माल के आयात से जभन्न उपिीर्ड 7106 92 के अधीन
आन ेिाले रजत के अधड जिजनर्ममत प्ररूप।
स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोजनों के जलए, दकसी भी प्ररूप म ें
रजत के अंतगडत जिदिे ी मुद्रा के जसक्के, रजत से बने आभूर्ण या
रजत से बनी िस्ट्तुएं नहीं ह।ैं
(i) स्ट्िणड बार, तोला बार से जभन्न, जजस पर जिजनमाडणकताड या
ररयाइनर का खुदा हुआ क्रम संख्यांक और जमररक यूजनटों में भार
अजभव्यि है;
(ii) स्ट्िणड जसक्के, जजसमें 99.5 प्रजतित से अन्यून स्ट्िणड है, और
स्ट्िणड प्राजप्तया,ं डाक, कुररयर या बैगेज के माध्यम से ऐसे माल के
4 71 आयात से जभन्न। 592 प्रजत 10 ग्राम
स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोजन के जलए, "स्ट्िणड प्राजप्तयां" स े
कोई छोटा संघटक, जैसे हुक, क्लास्ट्प, क्लैंप, जपन, कैच, स्ट्क्रू
बैक, जजसका उपयोग पूणड आभूर्ण या उसके दकसी भाग को
स्ट्थान में जोड़े रखने के जलए दकया जाता ह,ै अजभप्रेत ह।ै
सारणी-3
क्रम. स.ं अध्य ाय/िीर्ड/ टैररफ मूल् य
माल का जििरण
उपिीर्ड/ टैररफ मद (अमरीकी डालर प्रजत मीररक टन)
(1) (2) (3) (4)
1 080280 सुपारी 5477 (अथाडत कोई पररितडन नहीं)”
2. यह अजधसचू ना 14 मई, 2022 स ेप्रभािी होगी I
[फा. सं. 467/01/2022-सीमा िल्ु क –V]
हरीि कुमार, अिर सजचि[भाग II—खण् ड 3(ii)] भारत का राजपत्र : असाधारण 3
नोट : मूल अजधसूचना भारत के राजपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) में अजधसूचना सं. 36/2001-सीमा िुल् क (गै.टै.),
ददनांक 3 अगस्ट्त, 2001, का.आ. 748 (अ), ददनांक 3 अगस्ट्त, 2001 के तहत प्रकाजित की गई थी, तथा यह अंजतम बार
अजधसूचना सं. 37/2022-सीमािल्ु क (गै.टै.), ददनांक 29 अप्रैल, 2022, जजसे का.आ. 2030 (अ) ददनांक 29 अप्रैल, 2022 के
तहत भारत के राजपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) में ई-प्रकाजित दकया गया था, के द्वारा संिोजधत की गई थीI
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
NOTIFICATION
New Delhi, the 13th May, 2022
No. 41/2022-CUSTOMS (N.T.)
S.O. 2228(E).—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 Indirect Taxes & Customs, being satisfied that it is necessary and expedient to
do so, hereby makes the following amendments 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
Chapter/ heading/ sub- Tariff value
Sl. No. Description of goods
heading/tariff item (US $Per Metric Tonne)
(1) (2) (3) (4)
1 1511 10 00 Crude Palm Oil 1703
2 1511 90 10 RBD Palm Oil 1765
3 1511 90 90 Others – Palm Oil 1734
4 1511 10 00 Crude Palmolein 1768
5 1511 90 20 RBD Palmolein 1771
6 1511 90 90 Others – Palmolein 1770
7 1507 10 00 Crude Soya bean Oil 1827
8 7404 00 22 Brass Scrap (all grades) 5738
TABLE-2
Sl. Chapter/ heading/ sub- Description of goods Tariff value
No. heading/tariff item (US $)
(1) (2) (3) (4)
Gold, in any form, in respect of which the benefit of
1. 71 or 98 entries at serial number 356 of the Notification No. 592 per 10 grams
50/2017-Customs dated 30.06.2017 is availed
Silver, in any form, in respect of which the benefit
2. 71 or 98 of entries at serial number 357 of the Notification 687 per kilogram
No. 50/2017-Customs dated 30.06.2017 is availed
(i) Silver, in any form, other than medallions and
silver coins having silver content not below 99.9%
or semi-manufactured forms of silver falling under
sub-heading 7106 92;
3 71 (ii) Medallions and silver coins having silver 687 per kilogram
content not below 99.9% or semi-manufactured
forms of silver falling under sub-heading 7106 92,
other than imports of such goods through post,
courier or baggage.4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
Explanation. - For the purposes of this entry, silver
in any form shall not include foreign currency coins,
jewellery made of silver or articles made of silver.
(i) Gold bars, other than tola bars, bearing
manufacturer’s or refiner’s engraved serial number
and weight expressed in metric units;
4. (ii) Gold coins having gold content not below
99.5% and gold findings, other than imports of such
71 592 per 10 grams
goods through post, courier or baggage.
Explanation. - For the purposes of this entry, ―gold
findings‖ means a small component such as hook,
clasp, clamp, pin, catch, screw back used to hold the
whole or a part of a piece of Jewellery in place.
TABLE-3
Sl. Chapter/ heading/ sub- Description of goods Tariff value
No. heading/tariff item (US $ Per Metric Tonne)
(1) (2) (3) (4)
1 080280 Areca nuts 5477(i.e., no change)‖
2. This notification shall come into force with effect from the 14th day of May, 2022.
[F. No. 467/01/2022-Cus-V]
HARISH KUMAR, Under Secy.
Note :- The principal notification was published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section
(ii), vide Notification No. 36/2001–Customs (N.T.), dated the 3rd August, 2001, vide number S. O. 748 (E),
dated the 3rd August, 2001 and was last amended vide Notification No. 37/2022-Customs (N.T.), dated the
29th April, 2022, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide
number S.O. 2030 (E), dated 29th April, 2022.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.