## Policy Analysis Report: Customs Notification No. 60/2022
**1. Executive Summary:**
This report analyzes Customs Notification No. 60/2022 (CUSTOMS-N.T.), issued by the Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue, Ministry of Finance on July 13, 2022. This notification constitutes an amendment to Notification No. 36/2001-Customs (N.T.), dated August 3, 2001, regarding tariff values on various imported goods. The key purpose of this amendment is to update the tables specifying tariff values for items including palm oil, soybean oil, brass scrap, gold, silver and areca nuts. This report details the specific changes to these tariff values and their likely impact.
**2. Introduction:**
The purpose of this report is to provide an informative analysis of Customs Notification No. 60/2022, based solely on the provided text. This analysis focuses on understanding the amendments made to the existing customs notification concerning tariff values of specific imported goods.
**3. Policy Overview:**
* **Original Policy Amended:** Notification No. 36/2001-Customs (N.T.), dated August 3, 2001.
* **Core Objective(s) (Inferred):** The core objective of the original policy and its amendments is to establish and periodically adjust tariff values for imported goods, likely to facilitate customs valuation and revenue collection. The notification explicitly states that the Central Board of Indirect Taxes and Customs deems it necessary and expedient to make these amendments.
**4. Background and Rationale:**
This notification amends the previously stated tariff values. As this is an amendment, the rationale is likely to update these values to reflect changes in market prices and global economic conditions. The frequent amendments (as indicated in the note regarding prior amendment No. 55/2022) suggest a need for regular adjustments to maintain accurate tariff valuation.
**5. Key Provisions / Changes:**
This notification introduces changes through the substitution of *TABLE1*, *TABLE2*, and *TABLE3* in the original Notification No. 36/2001-Customs (N.T.). Specifically:
* **TABLE 1:** Updates the tariff values (expressed in US Dollars per Metric Tonne) for:
* Crude Palm Oil
* RBD Palm Oil
* Others Palm Oil
* Crude Palmolein
* RBD Palmolein
* Others Palmolein
* Crude Soya bean Oil
* Brass Scrap (all grades)
The text explicitly states "i.e., no change" following each item, meaning that the tariff values of the aforementioned items will stay the same.
* **TABLE 2:** Updates the tariff values for gold and silver:
* Gold, in any form, when availing benefit of Notification No. 50/2017-Customs: The tariff value remains the same at 585 per 10 grams. The text explicitly states "i.e., no change" following the item.
* Silver, in any form, when availing benefit of Notification No. 50/2017-Customs: The tariff value remains the same at 614 per kilogram. The text explicitly states "i.e., no change" following the item.
* Silver in any form, other than medallions and silver coins having silver content not below 99.9 or semimanufactured forms of silver falling under sub heading 7106 92; The tariff value remains the same at 614 per kilogram.
* Gold bars, other than tola bars, bearing manufacturers or refiners engraved serial number and weight expressed in metric units; gold coins having gold content not below 99.5 and gold findings: The tariff value remains the same at 585 per 10 grams. The text explicitly states "i.e., no change" following the item.
* **TABLE 3:** Updates the tariff value for:
* Areca nuts: The tariff value remains the same at 7065 US Dollars Per Metric Tonne. The text explicitly states "i.e., no change" following the item.
**6. Target Audience and Stakeholders:**
The primary target audience includes:
* Importers and exporters dealing with palm oil, palmolein, soya bean oil, brass scrap, gold, silver, and areca nuts.
* Customs brokers and agents involved in the valuation and clearance of these goods.
* The jewellery industry involved in gold and silver imports.
**7. Implementation Aspects (Inferred):**
* **Responsible Agency:** The Central Board of Indirect Taxes and Customs (CBIC) is the responsible body for implementing and enforcing this notification.
* **Timeline:** The notification comes into effect on July 14, 2022, as explicitly stated in the text.
* **Procedures:** The amendment changes the tariff values listed in the tables of the original notification. Valuation will need to be done based on the newly specified values. The amendment impacts customs procedures related to assessment and collection of duties on the specified goods, mandating customs officials to use the revised tariff values.
**8. Expected Outcomes / Impact of Changes:**
The primary expected outcome of this amendment is to align the tariff values with current market realities. As the tariff values are the same, the existing tariff valuation remains the same.
**9. Conclusion:**
Customs Notification No. 60/2022 is an amendment to an existing notification regarding tariff values for imported goods. As this notification maintains the same tariff values for palm oil, soybean oil, brass scrap, gold, silver and areca nuts. The changes are intended to ensure accurate and up-to-date tariff valuation, facilitating revenue collection and trade regulation.
Key Entities Referenced
NEW DELHI: The city where the notification was issued.
Ministry of Finance: The government ministry issuing the notification.
Department of Revenue: The department within the Ministry of Finance responsible for the notification.
Central Board of Indirect Taxes and Customs: The issuing authority, abbreviated as CBIC.
Customs Act, 1962: The primary legislation authorizing the notification.
Crude Palm Oil: Description of goods with tariff value.
RBD Palm Oil: Description of goods with tariff value.
Crude Palmolein: Description of goods with tariff value.
RBD Palmolein: Description of goods with tariff value.
Crude Soya bean Oil: Description of goods with tariff value.
Brass Scrap: Description of goods with tariff value.
Gold: Description of goods with tariff value.
Silver: Description of goods with tariff value.
Areca nuts: Description of goods with tariff value.
HARISH KUMAR: Under Secretary.
Mayapuri, New Delhi: Location of the Government of India Press.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-13072022-237271
xxxGIDHxxx
CG-DL-E-13072022-237271
xxxGIDExxx
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 3022] नई दिल्ली, बुधिार, िुलाई 13, 2022/आर्ाढ़ 22, 1944
No. 3022] NEW DELHI, WEDNESDAY, JULY 13, 2022/ASHADHA 22, 1944
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केंद्रीय अप्रत्यक्ष कर एिं सीमा िल्ु क बोडड)
अजधसचू ना
नई दिल् ली, 13 िुलाई, 2022
स.ं 60/2022-सीमा िल्ु क (ग.ैटै.)
का. आ. 3180(अ).—सीमा िुल्क अजधजनयम, 1962 (1962 का 52) की धारा 14 की उपधारा (2) द्वारा
प्रित् त िजियों का प्रयोग करत े हुए, केंद्रीय अप्रत्यक्ष कर एि ं सीमा िुल्क बोड,ड इस बात स े संतुष्ट होन े पर दक ऐसा करना
आिश्यक एि ं समीचीन ह,ै एतद्द्वारा, भारत सरकार, जित्त मंत्रालय (रािस्ट्ि जिभाग) की अजधसूचना सं. 36/2001-सीमा
िुल्क (ग.ै ट.ै ), दिनांक 3 अगस्ट्त, 2001, जिसे का.आ. 748 (अ), दिनांक 3 अगस्ट्त, 2001 के तहत भारत के रािपत्र,
असाधारण के भाग-II, खंड-3, उपखंड (ii) म ें प्रकाजित दकया गया था, म ें जनम्नजलजखत संिोधन करता ह,ै अथाडत्:-
उक्त अजधसूचना म,ें सारणी-1, सारणी-2 और सारणी-3 के स्ट्थान पर जनम्नजलजखत सारजणयााँ प्रजतस्ट्थाजपत की
िाएाँगी, अथाडत:्-
"सारणी-1
क्रम. स.ं अध् याय/िीर्/ड उपिीर्/ड टैररफ मूल् य
माल का जििरण
टैररफ मि (अमरीकी डालर प्रजत मीररक टन)
(1) (2) (3) (4)
1 1511 10 00 कच् चा पॉम ऑयल 1401 (अथाडत कोई पररितनड नहीं)
4683 GI/2022 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
2 1511 90 10 आर बी डी पॉम ऑयल 1482 (अथाडत कोई पररितनड नहीं)
3 1511 90 90 अन् य पॉम ऑयल 1442 (अथाडत कोई पररितनड नहीं)
4 1511 10 00 कच् चा पामोजलन 1545 (अथाडत कोई पररितनड नहीं)
5 1511 90 20 आर बी डी पामोलीन 1548 (अथाडत कोई पररितनड नहीं)
6 1511 90 90 अन्य पामोलीन 1547 (अथाडत कोई पररितनड नहीं)
7 1507 10 00 सोयाबीन का कच् चा तेल 1572 (अथाडत कोई पररितनड नहीं)
8 7404 00 22 पीतल स्ट् क्रेप (सभी ग्रडे ) 5329 (अथाडत कोई पररितनड नहीं)
सारणी-2
क्रम. स.ं अध् याय/िीर्/ड
टैररफ मूल् य
उपिीर्/ड टैररफ माल का जििरण
(अमरीकी डालर)
मि
(1) (2) (3) (4)
1 71 या 98 स्ट्िण,ड दकसी भी रूप म,ें जिसके सम्बन्ध म ें अजधसूचना 585 प्रजत 10 ग्राम
संख्या 50/2017-सीमा िुल्क, दिनांक 30.06.2017 की (अथातड कोई
प्रजिजष्ट संख्या 356 के अतं गतड लाभ प्राप्त दकया गया हो पररितडन नहीं)
2 71 या 98 रित, दकसी भी रूप म,ें जिसके सम्बन्ध म ेंअजधसूचना 614
संख्या 50/2017-सीमा िुल्क, दिनांक 30.06.2017 की प्रजत दकलोग्राम
प्रजिजष्ट संख्या 357 के अतं गतड लाभ प्राप्त दकया गया हो
(i) रित, पिकीय या रित जसक्कों स े जभन्न दकसी भी रूप
म,ें जिसकी रित अंतिडस्ट्त ु 99.9 प्रजतित स े कम नहीं ह ै
या उपिीर् ड 7106 92 के अधीन आन े िाल े रित के अध ड
जिजनर्मडत प्ररूप;
(ii) पिकीय या रित जसक्के, जिसकी रित अतं िडस्ट्त ु 99.9
614 प्रजत
प्रजतित स े कम नहीं ह ै या डाक, कुररयर या सामान के
3 71 दकलोग्राम
माध्यम स े ऐस े माल के आयात स े जभन्न उपिीर् ड 7106
92 के अधीन आन े िाले रित के अध ड जिजनर्मडत प्ररूप।
स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोिनों के जलए, दकसी भी
प्ररूप म ें रित के अंतगडत जििेिी मुद्रा के जसक्के, रित स े
बने आभूर्ण या रित स े बनी िस्ट्तुए ंनहीं ह।ैं
(i) स्ट्िणड बार, तोला बार स े जभन्न, जिस पर
जिजनमाडणकता ड या ररयाइनर का खुिा हुआ क्रम संख्यांक
और जमररक यूजनटों म ें भार अजभव्यि ह;ै
(ii) स्ट्िणड जसक्के, जिसम ें 99.5 प्रजतित स े अन्यून स्ट्िणड ह,ै
और स्ट्िण ड प्राजप्तयां, डाक, कुररयर या बगै ेि के माध्यम स े
ऐस े माल के आयात स े जभन्न।
4 71 585 प्रजत 10 ग्राम
स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोिन के जलए, "स्ट्िण ड
(अथातड कोई
प्राजप्तयां" स े कोई छोटा सघं टक, िैसे हुक, क्लास्ट्प, क्लैंप,
पररितडन नहीं)
जपन, कैच, स्ट्क्रू बैक, जिसका उपयोग पूण ड आभूर्ण या
उसके दकसी भाग को स्ट्थान म ें िोड़े रखने के जलए दकया
िाता ह,ै अजभप्रेत ह।ै[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3
सारणी-3
क्रम. स.ं अध् याय/िीर्/ड
टैररफ मूल् य
उपिीर्/ड टैररफ माल का जििरण
(अमरीकी डालर प्रजत मीररक टन)
मि
(1) (2) (3) (4)
1 080280 सुपारी 7065 (अथाडत कोई पररितनड नहीं)”
2. यह अजधसूचना 14 िलु ाई, 2022 स े प्रभािी होगी I
[फा. स.ं 467/01/2022-सीमा िुल्क –V]
हरीि कुमार , अिर सजचि
नोट : मूल अजधसूचना भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) म ें अजधसूचना सं. 36/2001-सीमा
िुल् क (ग.ै ट.ै ), दिनांक 3 अगस्ट्त, 2001, का.आ. 748 (अ), दिनांक 3 अगस्ट्त, 2001 के तहत प्रकाजित की गई थी,
तथा यह अंजतम बार अजधसूचना स.ं 55/2022-सीमािुल्क (ग.ै ट.ै ), दिनांक 30 िून, 2022, जिसे का.आ. 2960
(अ) दिनांक 30 िनू , 2022 के तहत भारत के रािपत्र, असाधारण के भाग- II, खंड-3, उपखंड (ii) म ें 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, 13th July, 2022
No. 60/2022-CUSTOMS (N.T.)
S.O. 3180(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 1401 (i.e., no change)
2 1511 90 10 RBD Palm Oil 1482 (i.e., no change)
3 1511 90 90 Others – Palm Oil 1442 (i.e., no change)
4 1511 10 00 Crude Palmolein 1545 (i.e., no change)
5 1511 90 20 RBD Palmolein 1548 (i.e., no change)
6 1511 90 90 Others – Palmolein 1547 (i.e., no change)
7 1507 10 00 Crude Soya bean Oil 1572 (i.e., no change)
8 7404 00 22 Brass Scrap (all grades) 5329 (i.e., no change)4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
TABLE-2
Sl. Chapter/ heading/ Description of goods
Tariff value
No. sub-heading/tariff
(US $)
item
(1) (2) (3) (4)
Gold, in any form, in respect of which the benefit of
585 per 10 grams (i.e.,
1. 71 or 98 entries at serial number 356 of the Notification No.
no change)
50/2017-Customs dated 30.06.2017 is availed
Silver, in any form, in respect of which the benefit of
2. 71 or 98 entries at serial number 357 of the Notification No. 614 per kilogram
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;
(ii) Medallions and silver coins having silver content
3. 71 not below 99.9% or semi-manufactured forms of silver 614 per kilogram
falling under sub-heading 7106 92, other than imports
of such goods through post, courier or baggage.
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;
(ii) Gold coins having gold content not below 99.5%
and gold findings, other than imports of such goods 585 per 10 grams (i.e.,
4. 71
through post, courier or baggage. no change)
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 7065 (i.e., no change)”
2. This notification shall come into force with effect from the 14th day of July, 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.
55/2022-Customs (N.T.), dated the 30th June, 2022, e-published in the Gazette of India,
Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 2960 (E), dated 30th June,
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.