Okay, I will analyze the provided policy text and generate a comprehensive report, following the specified structure and focusing on the amendment aspects.
**Report on Customs Notification No. 60/2021-Customs (N.T.)**
**1. Executive Summary:**
This report analyzes Notification No. 60/2021-Customs (N.T.), issued by the Department of Revenue, Central Board of Indirect Taxes and Customs, which is an amendment to Notification No. 36/2001-Customs (N.T.). The core purpose of this amendment is to revise the tariff values for specific goods, including palm oil, soya bean oil, brass scrap, gold, silver, and areca nuts. The key finding is that this amendment directly impacts the valuation of these goods for customs duty purposes, likely affecting importers and exporters dealing in these commodities.
**2. Introduction:**
This report provides an informative analysis of Notification No. 60/2021-Customs (N.T.) based solely on the provided text, issued by the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs. The aim is to elucidate the changes brought about by this notification concerning tariff values for various goods under the Customs Act, 1962.
**3. Policy Overview:**
* **Amendment:** This notification amends Notification No. 36/2001-Customs (N.T.), dated August 3, 2001.
* **Core Objective:** The core objective of this amendment, as inferred from the text, is to update the tariff values of certain goods for customs purposes.
**4. Background and Rationale:**
The likely reason for this specific amendment is to adjust tariff values to reflect current market conditions, price fluctuations, or other relevant economic factors impacting the valuation of the specified goods. Amending the tariff values ensures that import duties are calculated based on a more accurate and up-to-date assessment of the goods' worth. This adjustment is triggered by the need to revise the previously established tariff values for these specific commodities.
**5. Key Provisions / Changes:**
This amendment focuses on modifying the tariff values listed in the original notification by substituting TABLE 1, TABLE 2 and TABLE 3 of the original notification with the new tables provided. The changes are as follows:
* **Specific Part Changed:** TABLE 1, TABLE 2 and TABLE 3 of Notification No. 36/2001-Customs (N.T.) are entirely replaced.
* **New Rules/Provisions:**
* **TABLE 1:** Establishes new tariff values (in US Dollars per Metric Tonne) for:
* Crude Palm Oil: 1029
* RBD Palm Oil: 1055
* Others Palm Oil: 1042
* Crude Palmolein: 1061
* RBD Palmolein: 1064
* Others Palmolein: 1063
* Crude Soya bean Oil: 1228
* Brass Scrap all grades: 5430
* **TABLE 2:** Specifies tariff values for:
* Gold, in any form, with benefit of entries at serial number 356 of the Notification No. 50/2017-Customs dated 30.06.2017: 587 per 10 grams.
* Silver, in any form, with benefit of entries at serial number 357 of the Notification No. 50/2017-Customs dated 30.06.2017: 847 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: 847 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, other than imports of such goods through post, courier or baggage: 587 per 10 grams
* **TABLE 3:** Sets the tariff value for:
* Areca nuts: 4904 US Dollars Per Metric Tonne.
* **Difference/Effect:** The previous tariff values for these goods are superseded by the new values listed in the updated tables. This means that import duties will now be calculated based on these revised valuations, potentially increasing or decreasing the customs duties payable on these commodities.
**6. Target Audience and Stakeholders:**
The primary target audience and stakeholders affected by this amendment include:
* Importers and exporters of Palm Oil (crude, RBD, and others), Palmolein (crude, RBD, and others), Crude Soya bean Oil, Brass Scrap, Gold, Silver, and Areca nuts.
* Customs brokers and agents involved in the import/export clearance of these goods.
* Businesses and industries that use these commodities as raw materials or inputs.
**7. Implementation Aspects (Inferred):**
* **Responsible Agency:** The Central Board of Indirect Taxes and Customs (CBIC) is the responsible agency for implementing and enforcing this notification.
* **Timeline:** The notification comes into force with effect from July 16, 2021.
* Customs officials will use the revised tariff values specified in the new tables to assess import duties on the listed goods from the effective date. Importers must ensure that their import declarations and assessments align with these updated values.
**8. Expected Outcomes / Impact of Changes:**
The likely intended outcome of these specific changes is to ensure that customs duties are calculated using current and accurate market valuations for the listed commodities. The potential impact of the amendment includes:
* Adjusted import costs for importers of these goods, depending on whether the new tariff values are higher or lower than the previous values.
* Potential effects on the competitiveness of domestic industries that use these commodities as inputs.
* Changes in revenue collection for the government, depending on the overall volume of imports and the magnitude of the tariff value adjustments.
* Alignment with international trade practices and valuation standards.
**9. Conclusion:**
Notification No. 60/2021-Customs (N.T.) is a significant amendment that revises the tariff values for a range of imported goods. This change directly impacts businesses involved in the import and export of these commodities, requiring them to adjust their costing and pricing strategies accordingly. The updated tariff values are intended to reflect current market conditions and ensure accurate assessment of customs duties.
Key Entities Referenced
New Delhi: Location of the notification issuance.
Customs Act, 1962: The governing law under which the notification is issued. (52 of 1962)
Central Board of Indirect Taxes and Customs: The issuing authority for 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: A department within the Ministry of Finance.
Notification No. 362001Customs N.T.: The principal notification being amended, dated the 3rd August, 2001.
Gazette of India: The official government publication in which the notification is published.
Notification No. 502017Customs: Notification mentioned in Table 2 related to Gold and Silver.
Crude Palm Oil: Description of goods mentioned in Table 1 with tariff value.
RBD Palm Oil: Description of goods mentioned in Table 1 with tariff value.
Others Palm Oil: Description of goods mentioned in Table 1 with tariff value.
Crude Palmolein: Description of goods mentioned in Table 1 with tariff value.
RBD Palmolein: Description of goods mentioned in Table 1 with tariff value.
Others Palmolein: Description of goods mentioned in Table 1 with tariff value.
Crude Soya bean Oil: Description of goods mentioned in Table 1 with tariff value.
Brass Scrap all grades: Description of goods mentioned in Table 1 with tariff value.
Gold: Description of goods mentioned in Table 2 with tariff value.
Silver: Description of goods mentioned in Table 2 with tariff value.
Areca nuts: Description of goods mentioned in Table 3 with tariff value.
Notification No. 552021Customs N.T.: Notification which was last amended before this one, dated the 30th June, 2021.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-15072021-228313
xxxGIDHxxx
CG-DL-E-15072021-228313
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.ं 2639] नई दिल्ली, बृहस्ट्प जतिार, िुलाई 15, 2021/आर्ाढ़ 24, 1943
No. 2639] NEW DELHI, THURSDAY, JULY 15, 2021/ASHADHA 24, 1943
जित्त मंत्रालय
(रािस्ट्ि जिभाग)
(केंद्रीय अप्रत्यक्ष कर एि ंसीमा िुल्क बोडड)
अजधसचू ना
नई दिल्ली, 15 िुलाई, 2021
स.ं 60/2021-सीमा िल्ु क (ग.ै टै.)
का. आ. 2845(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 होने पर दक ऐसा करना
आिश्यक एि ं समीचीन ह,ै एतद्द्वारा, भारत सरकार, जित्त मंत्रालय (रािस्ट्ि जिभाग) की अजधसूचना स.ं 36/2001-सीमा
िुल्क (ग.ै टै.), 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 कच्चा पॉम ऑयल 1029
3909 GI/2021 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
2 1511 90 10 आर बी डी पॉम ऑयल 1055
3 1511 90 90 अन् य पॉम ऑयल 1042
4 1511 10 00 कच्चा पामोजलन 1061
5 1511 90 20 आर बी डी पामोलीन 1064
6 1511 90 90 अन्य पामोलीन 1063
7 1507 10 00 सोयाबीन का कच्चा तेल 1228
8 7404 00 22 पीतल स्ट् क्रेप (सभी ग्रडे ) 5430
सारणी-2
क्रम. स.ं अध् याय/िीर्/ड टैररफ मूल् य
माल का जििरण
उपिीर्/ड टैररफ मि
(अमरीकी डालर)
(1) (2) (3) (4)
1 71 या 98 स्ट्िणड, दकसी भी रूप में, जिसके सम्बन्ध म ें अजधसूचना 587 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 847 प्रजत
संख्या 50/2017-सीमा िुल्क, दिनांक 30.06.2017 की 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 अतं डिस्ट्त ु 99.9 प्रजतित स े कम नहीं ह ै
या उपिीर् ड 7106 92 के अधीन आन े िाले रित के अध ड
जिजनर्मडत प्ररूप;
847 प्रजत
(ii) पिकीय या रित जसक्के, जिसकी रित अतं डिस्ट्त ु 99.9
दकलोग्राम
3 71 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।ैं
(i) स्ट्िणड बार, तोला बार से 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,ै[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3
और स्ट्िणड प्राजप्तयां, डाक, कुररयर या बैगेि के माध्यम स े
ऐसे माल के आयात से जभन्न।
4 71 587 प्रजत 10 ग्राम
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/ टैररफ मूल य्
माल का जििरण
उपिीर्/ड टैररफ मि
(अमरीकी डालर प्रजत मीररक टन)
(1) (2) (3) (4)
1 080280 सुपारी 4904”
2. यह अजधसूचना 16 िलु ाई, 2021 से प्रभािी होगी I
[फा. स.ं 467/01/2021-सीमा िुल्क –V]
बुलो मामु, 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.ैटै.), दिनांक 3 अगस्ट्त, 2001, का.आ. 748(अ), दिनांक 3 अगस्ट्त, 2001 के तहत प्रकाजित की गई थी,
तथा यह अंजतम बार अजधसूचना स.ं 55/2021-सीमािुल्क (ग.ैटै.), दिनांक 30 िून, 2021, जिसे
का.आ. 2644(अ) दिनांक 30 िून, 2021, के तहत भारत के रािपत्र, असाधारण के भाग- II, खंड-3, उपखडं (ii)
म ें ई-प्रकाजित दकया गया था, के द्वारा संिोजधत की गई थी I
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
NOTIFICATION
New Delhi, the 15th July, 2021
No. 60 /2021-CUSTOMS (N.T.)
S.O. 2845(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: -4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
“TABLE-1
Tariff value
Chapter/ heading/ sub-
Sl. No. Description of goods (US $Per Metric
heading/tariff item
Tonne)
(1) (2) (3) (4)
1 1511 10 00 Crude Palm Oil 1029
2 1511 90 10 RBD Palm Oil 1055
3 1511 90 90 Others – Palm Oil 1042
4 1511 10 00 Crude Palmolein 1061
5 1511 90 20 RBD Palmolein 1064
6 1511 90 90 Others – Palmolein 1063
7 1507 10 00 Crude Soya bean Oil 1228
8 7404 00 22 Brass Scrap (all grades) 5430
TABLE-2
Sl. Chapter/ heading/ Description of goods
Tariff value
No. sub-heading/tariff
(US $)
item
(1) (2) (3) (4)
1. Gold, in any form, in respect of which the
benefit of entries at serial number 356 of the
71 or 98 587 per 10 grams
Notification No. 50/2017-Customs dated
30.06.2017 is availed
2. Silver, in any form, in respect of which the
benefit of entries at serial number 357 of the
71 or 98 847 per kilogram
Notification 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. (ii) Medallions and silver coins having silver
content not below 99.9% or semi-manufactured
71 forms of silver falling under sub-heading 7106 847 per kilogram
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.[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 5
(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
71 such goods through post, courier or baggage. 587 per 10 grams
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/ Description of goods
Tariff value
No. sub-heading/tariff
(US $ Per Metric Tonne)
item
(1) (2) (3) (4)
1 080280 Areca nuts 4904”
2. This notification shall come into force with effect from the 16th day of July, 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. 55/2021-Customs (N.T.), dated the 30th June, 2021, e-published in the Gazette of India,
Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 2644(E), dated
30th June, 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.