## Policy Analysis Report: Customs Notification No. 97/2021
**1. Executive Summary:**
This report analyzes Customs Notification No. 97/2021, issued by the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs (CBIC). This notification, effective December 16, 2021, amends a previous notification (No. 36/2001-Customs N.T.) regarding tariff values for specific imported goods. The key finding is that the amendment revises the tariff values for various commodities including palm oil, soya bean oil, brass scrap, gold and silver. This change directly impacts importers of these goods, influencing their customs duties and overall import costs.
**2. Introduction:**
This report provides an overview and analysis of Customs Notification No. 97/2021, based solely on the provided text. The purpose is to inform affected parties, particularly importers and related industries, about the changes introduced by this amendment.
**3. Policy Overview:**
* This notification is an amendment to the Government of India in the Ministry of Finance Department of Revenue, No. 36/2001-Customs N.T., dated the 3rd August, 2001.
* **Core Objective:** The core objective, as inferred from the text, is to update the tariff values for certain imported goods as determined by the Central Board of Indirect Taxes and Customs (CBIC). This ensures that customs duties are calculated based on current market valuations, as assessed by the authorities.
**4. Background and Rationale:**
The amendment is likely driven by the need to adjust tariff values to reflect fluctuations in international commodity prices. The initial notification, No. 36/2001-Customs N.T., established tariff values, but these values may become outdated due to changing market conditions. The amendment, as evidenced by the substituted tables, addresses the need to align tariff values with the prevailing market prices for goods like palm oil, soya bean oil, brass scrap, gold and silver.
**5. Key Provisions / Changes:**
This notification introduces changes by substituting "TABLE1, TABLE2, and TABLE3" of the original notification with new tables. The key changes are:
* **Table 1: Palm Oil and Soya bean Oil, and Brass Scrap:** The tariff values (US$ per Metric Tonne) for various types of palm oil (crude, RBD, others), crude palmolein, RBD palmolein, others palmolein, crude soya bean oil and Brass Scrap all grades have been revised. For example: The new tariff value for "Crude Palm Oil" is 1323 US$ per Metric Tonne, while the new tariff value for "Brass Scrap all grades" is 5528 US$ per Metric Tonne. These values will be used in calculating customs duties.
* **Table 2: Gold and Silver:** Tariff values for Gold and Silver (US $ per 10 grams/kilogram) have been revised. It also specifies conditions relating to Silver having silver content not below 99.9, Medallions and silver coins having silver content not below 99.9 or semimanufactured forms of silver falling under subheading 7106 92. It also provides explanations on Gold bars, other than tola bars, bearing manufacturers or refiners engraved serial number and weight expressed in metric units and Gold coins having gold content not below 99.5 and gold findings.
* **Table 3: Areca Nuts:** The tariff value (US$ per Metric Tonne) for "Areca nuts" has been revised to 4937 US$ per Metric Tonne.
The effect of these changes is a direct adjustment of the customs duties levied on these imported goods. Depending on the previous tariff values, importers will experience either an increase or decrease in import costs.
**6. Target Audience and Stakeholders:**
The primary target audience and stakeholders are:
* Importers of crude palm oil, RBD palm oil, other palm oils, crude palmolein, RBD palmolein, other palmolein, crude soya bean oil and Brass Scrap all grades.
* Importers of gold and silver in various forms.
* Importers of Areca nuts.
* Customs brokers and agents involved in import-export activities.
* Industries that utilize these imported commodities as raw materials.
**7. Implementation Aspects (Inferred):**
* **Responsible Agency:** The Central Board of Indirect Taxes and Customs (CBIC), under the Department of Revenue, Ministry of Finance, is the responsible body for implementing and enforcing this notification.
* **Timeline:** The notification is effective from December 16, 2021.
* The customs authorities will use the revised tariff values specified in the tables to calculate the assessable value and applicable customs duties for the listed imported goods. Importers will need to comply with these new values from the effective date.
**8. Expected Outcomes / Impact of Changes:**
The expected outcome of these changes is a realignment of import costs with current market prices for the specified commodities. This can impact:
* **Import Costs:** Importers will experience a direct change in their import costs, influenced by the adjusted tariff values.
* **Market Prices:** Depending on the magnitude of the tariff value changes and market dynamics, the retail prices of goods utilizing these commodities could be affected.
* **Government Revenue:** Changes in import volumes due to revised tariff values may influence government revenue from customs duties.
**9. Conclusion:**
Customs Notification No. 97/2021 is a significant amendment that updates tariff values for various imported goods, including palm oil, soya bean oil, brass scrap, gold and silver, and areca nuts. Effective December 16, 2021, this change directly impacts importers by altering the customs duties applicable to these goods. This amendment is likely a response to fluctuating commodity prices and aims to ensure accurate valuation for customs purposes. Importers and stakeholders in related industries should carefully note these changes to ensure compliance and accurate calculation of import costs.
Key Entities Referenced
New Delhi: Location of the Ministry of Finance and place of notification publication.
Customs Act, 1962: The Act under which the powers are conferred for the notification.
Central Board of Indirect Taxes and Customs: Authority issuing the notification, under the Department of Revenue, Ministry of Finance.
Ministry of Finance: The ministry under which the Department of Revenue and Central Board of Indirect Taxes and Customs operate.
Department of Revenue: The department within the Ministry of Finance that is responsible for the notification.
Notification No. 362001Customs N.T.: The principal notification being amended, dated the 3rd August, 2001.
Notification No. 952021Customs N.T.: The notification that last amended the principal notification, dated the 30th November, 2021.
Crude Palm Oil: A type of goods with a specified tariff value.
RBD Palm Oil: A type of goods with a specified tariff value.
Others Palm Oil: A type of goods with a specified tariff value.
Crude Palmolein: A type of goods with a specified tariff value.
RBD Palmolein: A type of goods with a specified tariff value.
Others Palmolein: A type of goods with a specified tariff value.
Crude Soya bean Oil: A type of goods with a specified tariff value.
Brass Scrap: A type of goods with a specified tariff value.
Notification No. 572/502017Customs: Notification related to Gold, in any form, in respect of which the benefit of entries at serial number 356, dated 30.06.2017 is availed
Notification No. 716/502017Customs: Notification related to Silver, in any form, in respect of which the benefit of entries at serial number 357, dated 30.06.2017 is availed
Areca nuts: A type of goods with a specified tariff value.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-15122021-231887
xxxGIDHxxx
CG-DL-E-15122021-231887
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.ं 4845] नई दिल्ली, बुधिार, दिसम्ब र 15, 2021/अग्रहायण 24, 1943
No. 4845] NEW DELHI, WEDNESDAY, DECEMBER 15, 2021/AGRAHAYANA 24, 1943
जित्त मंत्रालय
(रािस्ट्ि जिभाग)
(केंद्रीय अप्रत्यक्ष कर एि ं सीमा िल्ु क बोडड)
अजधसचू ना
नई दिल्ली, 15 दिसम् बर, 2021
स.ं 97/2021-सीमा िल्ु क (ग.ैटै.)
का.आ. 5226(अ).—सीमा िुल्क अजधजनयम, 1962 (1962 का 52) की धारा 14 की उपधारा (2) द्वारा प्रित् त
िजियों का प्रयोग करते हुए, केंद्रीय अप्रत्यक्ष कर एि ं सीमा िुल्क बोडड, इस बात स े संतुष्ट होने पर दक ऐसा करना आिश्यक
एिं समीचीन ह,ै एतद्द्वारा, भारत सरकार, जित्त मंत्रालय (रािस्ट्ि जिभाग) की अजधसूचना स.ं 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,ै अथाडत:्-
उक्त अजधसूचना म,ें सारणी-1, सारणी-2 और सारणी-3 के स्ट्थान पर जनम्नजलजखत सारजणयााँ प्रजतस्ट्थाजपत की
िाएाँगी, अथाडत:्-
7313 GI/2021 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
"सारणी-1
क्रम. स.ं अध य् ाय/िीर्ड/उपिीर्/ड टैररफ मूल य्
माल का जििरण
टैररफ मि (अमरीकी डालर प्रजत मीररक टन)
(1) (2) (3) (4)
1 1511 10 00 कच्चा पॉम ऑयल 1323
2 1511 90 10 आर बी डी पॉम ऑयल 1348
3 1511 90 90 अन य् पॉम ऑयल 1336
4 1511 10 00 कच्चा पामोजलन 1354
5 1511 90 20 आर बी डी पामोलीन 1357
6 1511 90 90 अन्य पामोलीन 1356
7 1507 10 00 सोयाबीन का कच च् ा तेल 1450
8 7404 00 22 पीतल स क्र् ेप (सभी ग्रेड) 5528
सारणी-2
क्रम. स.ं अध य् ाय/िीर्ड/ उपिीर्ड/ टैररफ मूल य्
माल का जििरण
टैररफ मि (अमरीकी डालर)
(1) (2) (3) (4)
1 71 या 98 स्ट्िणड, दकसी भी रूप में, जिसके सम्बन्ध म ें अजधसूचना 572 प्रजत 10 ग्राम
संख्या 50/2017-सीमा िुल्क, दिनांक 30.06.2017 की
प्रजिजष्ट संख्या 356 के अतं गतड लाभ प्राप्त दकया गया हो
2 71 या 98 रित, दकसी भी रूप म,ें जिसके सम्बन्ध म ें अजधसूचना 716
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 े िाले रित के अध ड
जिजनर्मडत प्ररूप;
716 प्रजत
3 71 (ii) पिकीय या रित जसक्के, जिसकी रित अंतिडस्ट्त ु 99.9 दकलोग्राम
प्रजतित स े कम नहीं ह ै या डाक, कुररयर या सामान के
माध्यम स े ऐसे माल के आयात स े जभन्न उपिीर् ड 7106 92
के अधीन आन े िाले रित के अधड 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।ैं[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3
(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 स्ट्िण ड ह,ै
और स्ट्िणड प्राजप्तयां, डाक, कुररयर या बैगेि के माध्यम स े
4 71 572 प्रजत 10 ग्राम
ऐसे माल के आयात से जभन्न।
स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोिन के जलए, "स्ट्िण ड
प्राजप्तयां" स े कोई छोटा संघटक, िैसे हुक, क्लास्ट्प, क्लैंप,
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।ै
सारणी-3
क्रम. स.ं अध य् ाय/िीर्ड/ उपिीर्ड/ टैररफ मूल य्
माल का जििरण
टैररफ मि (अमरीकी डालर प्रजत मीररक टन)
(1) (2) (3) (4)
1 080280 सुपारी 4937”
2. यह अजधसूचना 16 दिसंबर, 2021 से प्रभािी होगी I
[फा. सं. 467/01/2021-सीमा िुल्क –V]
बुलो माम,ु 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.ं 95/2021-सीमािुल्क (ग.ैटै.), दिनांक 30 निंबर, 2021, जिसे का.आ.
4912 (अ) दिनांक 30 निंबर, 2021 के तहत भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) म ें
ई-प्रकाजित दकया गया था, के द्वारा संिोजधत की गई थी I4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
NOTIFICATION
New Delhi, the 15th December, 2021
No. 97/2021-CUSTOMS (N.T.)
S.O. 5226(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 1323
2 1511 90 10 RBD Palm Oil 1348
3 1511 90 90 Others – Palm Oil 1336
4 1511 10 00 Crude Palmolein 1354
5 1511 90 20 RBD Palmolein 1357
6 1511 90 90 Others – Palmolein 1356
7 1507 10 00 Crude Soya bean Oil 1450
8 7404 00 22 Brass Scrap (all grades) 5528
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
71 or 98 entries at serial number 356 of the Notification No. 572 per 10 grams
1.
50/2017-Customs dated 30.06.2017 is availed
Silver, in any form, in respect of which the benefit
71 or 98 of entries at serial number 357 of the Notification 716 per kilogram
2.
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 716 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.[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 5
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
4. 99.5% and gold findings, other than imports of such
71 572 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 4937”
2. This notification shall come into force with effect from the 16th day of December, 2021.
[F. No. 467/01/2021-Cus-V]
BULLO MAMU, 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. 95/2021-Customs
(N.T.), dated the 30th November, 2021, e-published in the Gazette of India, Extraordinary, Part-II, Section-3,
Sub-section (ii), vide number S.O. 4912 (E), dated 30th November, 2021.
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.