**Report on Customs Notification No. 62/2022-Customs (N.T.)**
**1. Executive Summary:**
This report analyzes Customs Notification No. 62/2022-Customs (N.T.), issued by the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs on July 15, 2022. This notification amends a prior notification (No. 36/2001-Customs (N.T.)) by substituting new tables specifying tariff values for various goods, including palm oil, palmolein, soya bean oil, brass scrap, gold, and silver, and areca nuts. The core purpose of this amendment is to update the tariff values used for customs assessment of these items, influencing import duties. The key finding is that the notification directly impacts importers of these specified goods by changing the basis on which their import duties are calculated.
**2. Introduction:**
The purpose of this report is to provide an informative analysis of Customs Notification No. 62/2022-Customs (N.T.) based solely on the provided text. This analysis aims to clarify the amendments made by this notification, their likely rationale, and their potential impact on relevant stakeholders.
**3. Policy Overview:**
* **Amendment:** This notification is an amendment to Notification No. 36/2001-Customs (N.T.), dated August 3, 2001.
* **Core Objective(s):** The core objective, as inferred from the text, is to update the tariff values for specified goods (Palm Oil, Gold, Silver etc.) for the purpose of calculating customs duties. This likely aims to reflect current market prices and ensure accurate revenue collection.
**4. Background and Rationale:**
This is an amendment notification. The rationale for this specific amendment is to revise the tariff values of the listed goods. This revision is likely due to fluctuations in the international market prices of these commodities since the previous notification or its last amendment. Updating tariff values ensures that customs duties are aligned with current market conditions.
**5. Key Provisions / Changes:**
This notification *amends* the existing policy by *substituting* the original "TABLE 1, TABLE 2, and TABLE 3" of Notification No. 36/2001-Customs (N.T.) with new tables. The key changes are:
* **Table 1:** Provides revised tariff values (in US Dollars per Metric Tonne) for:
* Crude Palm Oil (Tariff item 1511 10 00): $1171
* RBD Palm Oil (Tariff item 1511 90 10): $1346
* Others Palm Oil (Tariff item 1511 90 90): $1259
* Crude Palmolein (Tariff item 1511 10 00): $1358
* RBD Palmolein (Tariff item 1511 90 20): $1361
* Others Palmolein (Tariff item 1511 90 90): $1360
* Crude Soya Bean Oil (Tariff item 1507 10 00): $1460
* Brass Scrap all grades (Tariff item 7404 00 22): $4813
* **Table 2:** Provides revised tariff values for:
* Gold, in any form, in respect of which the benefit of entries at serial number 356 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed (Tariff item 71 or 98 548): $548 per 10 grams
* Silver, in any form, in respect of which the benefit of entries at serial number 357 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed (Tariff item 71 or 98 611): $611 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; ii Medallions and silver coins having silver content not below 99.9 or semimanufactured 71 forms of silver falling under subheading 7106 (Tariff item 92): $611 per kilogram
* Gold bars, other than tola bars, bearing manufacturers or refiners 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 4. 71 such goods through post, courier or baggage. (Tariff item 71): $548 per 10 grams
* **Table 3:** Provides revised tariff values for:
* Areca nuts (Tariff item 080280): $7065 per metric ton (no change mentioned)
The effect of these changes is that the assessable value, and consequently the customs duty levied, on imports of these goods will be calculated using these new tariff values. For goods with increased tariff values, import duties will increase and vice versa.
**6. Target Audience and Stakeholders:**
The primary target audience and stakeholders are:
* Importers of crude palm oil, RBD palm oil, other palm oil, crude palmolein, RBD palmolein, other palmolein, crude soya bean oil, and brass scrap.
* Importers of gold and silver in various forms, particularly those availing the benefit of entries at serial numbers 356 and 357 of Notification No. 50/2017-Customs.
* Importers of Areca nuts
* Customs brokers and agents who facilitate the import process.
**7. Implementation Aspects (Inferred):**
* **Responsible Agency/Bodies:** The Central Board of Indirect Taxes and Customs (CBIC) is the responsible body for implementing this notification. Local customs officials at ports and border crossings will be responsible for enforcing the new tariff values.
* **Timelines/Procedures:** The notification comes into effect on July 16, 2022. Importers are required to declare the imported goods under the correct tariff heading and subheading, and customs officials will assess the duty based on the revised tariff values provided in the tables.
**8. Expected Outcomes / Impact of Changes:**
The likely intended outcome of these changes is to adjust customs revenue based on current market values of the specified goods. If the tariff values are increased, the impact on importers is a higher cost of importing these goods, potentially leading to increased prices for consumers or reduced profit margins for importers.
**9. Conclusion:**
Customs Notification No. 62/2022-Customs (N.T.) is a significant amendment to the existing customs framework. It updates the tariff values for a range of imported goods, including palm oil, gold, silver and areca nuts. This adjustment directly affects importers by changing the basis of duty calculation and may have broader implications for trade and prices of these commodities. It's essential for affected businesses to understand these changes and adjust their import strategies accordingly.
Key Entities Referenced
Customs Act, 1962: An act of the parliament of India to consolidate and amend the law relating to customs.
Central Board of Indirect Taxes and Customs: A government agency responsible for the administration of indirect taxes (like customs duties) in India.
New Delhi: The capital of India, where the Ministry of Finance is located and the notification was issued.
Ministry of Finance: A ministry of the Government of India, concerned with the economy of India, serving as the Indian Treasury.
Department of Revenue: A department within the Ministry of Finance responsible for all the direct and indirect taxes of the Union Government.
Crude Palm Oil: A type of palm oil, with tariff value of US 1171 Per Metric Tonne
RBD Palm Oil: A type of palm oil, with tariff value of US 1346 Per Metric Tonne
Palm Oil: A type of oil, with tariff value of US 1259 Per Metric Tonne
Crude Palmolein: A type of palmolein, with tariff value of US 1358 Per Metric Tonne
RBD Palmolein: A type of palmolein, with tariff value of US 1361 Per Metric Tonne
Palmolein: A type of palmolein, with tariff value of US 1360 Per Metric Tonne
Crude Soya bean Oil: A type of soya bean oil, with tariff value of US 1460 Per Metric Tonne
Brass Scrap: A type of metal scrap, with tariff value of US 4813 Per Metric Tonne
Gold: Precious metal that has tariff value of 548 per 10 grams under Notification No. 502017Customs dated 30.06.2017
Notification No. 502017Customs dated 30.06.2017: A notification related to tariff value of Gold and Silver
Silver: Precious metal that has tariff value of 611 per kilogram under Notification No. 502017Customs dated 30.06.2017
Areca nuts: A type of nuts with tariff value of US 7065 Per Metric Tonne
रजजस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-15072022-237311
xxxGIDHxxx
CG-DL-E-15072022-237311
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.ं 3051] नई ददल्ली, िुक्रिार, जुलाई 15, 2022/आषाढ़ 24, 1944
No. 3051] NEW DELHI, FRIDAY, JULY 15, 2022/ASHADHA 24, 1944
जित्त मंत्रालय
(राजस्ट्ि जिभाग)
(केंद्रीय अप्रत्यक्ष कर एि ंसीमा िल्ु क बोडड)
अजधसचू ना
नई ददल्ली, 15 जुलाई, 2022
स.ं 62/2022-सीमा िल्ु क (ग.ैटै.)
का.आ. 3209(अ).—सीमा िुल्क 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 स े संतुष्ट होन ेपर दक ऐसा करना आिश्यक
एिं समीचीन ह,ै एतद्द्वारा, भारत सरकार, जित्त मंत्रालय (राजस्ट्ि जिभाग) की अजधसूचना स.ं 36/2001-सीमा िुल्क
(ग.ै ट.ै ), ददनांक 3 अगस्ट्त, 2001, जजसे का.आ. 748 (अ), ददनांक 3 अगस्ट्त, 2001 के तहत भारत के राजपत्र, असाधारण
के भाग II, खंड 3, उपखडं (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
जाएाँगी, अथाडत:्-
4728 GI/2022 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
"सारणी-1
क्रम. स.ं अध् याय/िीष/ड उपिीष/ड टैररफ मूल् य
माल का जििरण
टैररफ मद (अमरीकी डालर प्रजत मीररक टन)
(1) (2) (3) (4)
1 1511 10 00 कच्चा पॉम ऑयल 1171
2 1511 90 10 आर बी डी पॉम ऑयल 1346
3 1511 90 90 अन् य पॉम ऑयल 1259
4 1511 10 00 कच्चा पामोजलन 1358
5 1511 90 20 आर बी डी पामोलीन 1361
6 1511 90 90 अन्य पामोलीन 1360
7 1507 10 00 सोयाबीन का कच् चा तेल 1460
8 7404 00 22 पीतल स्ट् क्रेप (सभी ग्रडे ) 4813
सारणी-2
क्रम. स.ं अध् याय/िीष/ड टैररफ मूल् य
माल का जििरण
उपिीष/ड टैररफ मद
(अमरीकी डालर)
(1) (2) (3) (4)
1 71 या 98 स्ट्िणड, दकसी भी रूप में, जजसके सम्बन्ध म ें अजधसूचना
संख्या 50/2017-सीमा िुल्क, ददनांक 30.06.2017 की
548 प्रजत 10 ग्राम
प्रजिजष्ट संख्या 356 के अतं गतड लाभ प्राप्त दकया गया हो
2 71 या 98 रजत, दकसी भी रूप म,ें जजसके सम्बन्ध म ें अजधसूचना 611
संख्या 50/2017-सीमा िुल्क, ददनांक 30.06.2017 की
प्रजत दकलोग्राम
प्रजिजष्ट संख्या 357 के अतं गतड लाभ प्राप्त दकया गया हो
(i) रजत, पदकीय या रजत जसक्कों स े जभन्न दकसी भी रूप
म,ें जजसकी रजत अंतिडस्ट्त ु 99.9 प्रजतित स े कम नहीं ह ै
या उपिीष ड 7106 92 के अधीन आन े िाले रजत के अध ड
जिजनर्ममत प्ररूप;
611
(ii) पदकीय या रजत जसक्के, जजसकी रजत अंतिडस्ट्त ु 99.9
प्रजतित स े कम नहीं ह ै या डाक, कुररयर या सामान के प्रजत दकलोग्राम
3 71 माध्यम स े ऐसे माल के आयात स े जभन्न उपिीष ड 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 जिदेिी मुद्रा के जसक्के, रजत स े
बने आभूषण या रजत स े बनी िस्ट्तुए ंनहीं ह।ैं
(i) स्ट्िणड बार, तोला बार स े जभन्न, जजस पर जिजनमाडणकता ड
या ररयाइनर का खुदा हुआ क्रम संख्यांक और जमररक
यूजनटों म ेंभार अजभव्यि ह;ै
(ii) स्ट्िणड जसक्के, जजसम ें 99.5 प्रजतित स े अन्यून स्ट्िण ड ह,ै
4 71 548 प्रजत 10 ग्राम
और स्ट्िणड प्राजप्तयां, डाक, कुररयर या बैगेज के माध्यम स े
ऐसे माल के आयात से जभन्न।[भाग II—खण् ड 3(ii)] भारत का राजपत्र : असाधारण 3
स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोजन के जलए, "स्ट्िण ड
प्राजप्तयां" स े कोई छोटा संघटक, जैसे हुक, क्लास्ट्प, क्लैंप,
जपन, कैच, स्ट्क्रू बैक, जजसका उपयोग पूण ड आभूषण या
उसके दकसी भाग को स्ट्थान म ें जोड़े रखने के जलए दकया
जाता ह,ै अजभप्रेत ह।ै
सारणी-3
क्रम. स.ं अध् याय/िीष/ड टैररफ मूल् य
माल का जििरण
उपिीष/ड टैररफ मद
(अमरीकी डालर प्रजत मीररक टन)
(1) (2) (3) (4)
1 080280 सुपारी 7065 (अथाडत कोई पररितडन नहीं)”
2. यह अजधसूचना 16 जुलाई, 2022 से प्रभािी होगी I
[फा. स.ं 467/01/2022-सीमा िुल्क –V]
हरीि कुमार, अिर सजचि
नोट : मलू अजधसूचना भारत के राजपत्र, असाधारण के भाग-II, खडं -3, उपखडं (ii) म ें अजधसूचना सं. 36/2001-सीमा
िुल् क (ग.ैटै.), ददनांक 3 अगस्ट्त, 2001, का.आ. 748 (अ), ददनांक 3 अगस्ट्त, 2001 के तहत प्रकाजित की गई थी,
तथा यह अंजतम बार अजधसूचना स.ं 60/2022-सीमािुल्क (ग.ै ट.ै ), ददनांक 13 जुलाई, 2022, जजसे
का.आ. 3180(अ) ददनांक 13 जुलाई, 2022 के तहत भारत के राजपत्र, 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, the 15th July, 2022
No. 62/2202-CUSTOMS (N.T.)
S.O. 3209(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/
Tariff value
Sl. No. sub-heading/tariff Description of goods
(US $Per Metric Tonne)
item
(1) (2) (3) (4)
1 1511 10 00 Crude Palm Oil 1171
2 1511 90 10 RBD Palm Oil 13464 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
3 1511 90 90 Others – Palm Oil 1259
4 1511 10 00 Crude Palmolein 1358
5 1511 90 20 RBD Palmolein 1361
6 1511 90 90 Others – Palmolein 1360
7 1507 10 00 Crude Soya bean Oil 1460
8 7404 00 22 Brass Scrap (all grades) 4813
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 entries at serial number 356 of the
1. 71 or 98 548 per 10 grams
Notification No. 50/2017-Customs dated
30.06.2017 is availed
Silver, in any form, in respect of which the
benefit of entries at serial number 357 of the
2. 71 or 98 611 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;
(ii) Medallions and silver coins having silver
content not below 99.9% or semi-manufactured
71 forms of silver falling under sub-heading 7106 611 per kilogram
3.
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
4. 71 such goods through post, courier or baggage. 548 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.[भाग II—खण् ड 3(ii)] भारत का राजपत्र : असाधारण 5
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 7065 (i.e., no change)‖
2. This notification shall come into force with effect from the 16th 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. 60/2022-Customs (N.T.), dated the 13th July, 2022, e-published in the Gazette of India,
Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 3180(E), dated
13th July, 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.