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Date: 15-Mar-2023 Category: Extra Ordinary State: Union Government Country: India

Custom Notification 14/2023

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • The notification No. 14/2023-Customs (N.T.) issued by the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs, revises the tariff values of certain goods for import, by substituting TABLE-1, TABLE-2 and TABLE-3 of Notification No. 36/2001-Customs (N.T.) dated 3rd August 2001.
  • The revised tariff values are applicable from March 16, 2023.

Key Changes

  • Crude Palm Oil tariff value is revised to $989 per metric ton.
  • RBD Palm Oil tariff value is revised to $1004 per metric ton.
  • Other Palm Oil tariff value is revised to $997 per metric ton.
  • Crude Palmolein tariff value is revised to $1014 per metric ton.
  • RBD Palmolein tariff value is revised to $1017 per metric ton.
  • Other Palmolein tariff value is revised to $1016 per metric ton.
  • Crude Soyabean Oil tariff value is revised to $1188 per metric ton.
  • Brass Scrap (all grades) tariff value is revised to $5217 per metric ton.
  • 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 value is revised to $614 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 value is revised to $703 per kilogram.
  • 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, tariff value is revised to $703 per kilogram.
  • Medallions and silver coins having silver 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, tariff value is revised to $703 per kilogram.
  • Gold bars, other than tola bars, bearing manufacturer’s or refiner’s engraved serial number and weight expressed in metric units, tariff value is revised to $614 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, tariff value is revised to $614 per 10 grams.
  • Areca nuts tariff value remains unchanged at $14026 per metric ton.

Impact Analysis

Government Revenue

  • The government may need to monitor import volumes and adjust policies as necessary to ensure stable revenue streams.

Importers

  • Review existing contracts and agreements to account for the changes in tariff values.

Consumers

  • Monitor market prices to assess the impact on consumers and adjust pricing strategies accordingly.

Key Entities Referenced

Central Board of Indirect Taxes and Customs (CBIC): The authority responsible for issuing the notification and revising the tariff values. Ministry of Finance (Department of Revenue): The parent ministry under which CBIC operates. Customs Act, 1962: The governing law that empowers the CBIC to revise tariff values. Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001: The original notification which is being amended by this notification. Notification No. 50/2017-Customs dated 30.06.2017: Notification providing benefits related to Gold and Silver imports.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-15032023-244414 xxxGIDHxxx CG-DL-E-15032023-244414 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.ं 1189] नई दिल्ली, बुधिार, माच ड15, 2023/फाल्ग नु 24, 1944 No. 1189] NEW DELHI, WEDNESDAY, MARCH 15, 2023/PHALGUNA 24, 1944 जित्त मत्रं ालय (रािस्ट्ि जिभाग) (केंद्रीय अप्रत्यक्ष कर एि ं सीमािल्ु क बोड)ड अजधसचू ना नई दिल्ली, 15 माच,ड 2023 स.ं 14/2023-सीमािल्ु क (ग.ैटै.) का.आ. 1237(अ).—सीमािुल्क अजधजनयम, 1962 (1962 का 52) की धारा 14 की उपधारा (2) द्वारा प्रित्त ि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-सीमािुल्क (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:्- उि अजध सूचना म,ें सारणी-1, सारणी-2 और सारणी-3 के स्ट्थान पर जनम्नजलजखत सारजणयााँ प्रजतस्ट्थाजपत की िाएाँगी, अथाडत:्- 1740 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] "सारणी-1 क्रम. स.ं अध्याय/िीर्/ड उपिीर्/ड टैररफमूल्य माल का जििरण टैररफमि (अमरीकी डालर प्रजतमीररक टन) (1) (2) (3) (4) 1 1511 10 00 कच् चा पॉम ऑयल 989 2 1511 90 10 आर बी डी पॉम ऑयल 1004 3 1511 90 90 अन्य पॉम ऑयल 997 4 1511 10 00 कच् चा पामोजलन 1014 5 1511 90 20 आर बी डी पामोलीन 1017 6 1511 90 90 अन्य पामोलीन 1016 7 1507 10 00 सोया बीन का कच् चा तले 1188 8 7404 00 22 पीतल सक्र् ेप (सभी ग्रेड) 5217 सारणी-2 क्रम. स.ं अध्याय/िीर्/ड टैररफ मूल्य माल का जििरण उपिीर्/ड टैररफमि (अमरीकी डालर) (1) (2) (3) (4) 1 71या98 स्ट्िण,ड दकसी भी रूप म,ें जिस के सम्बन्ध म ेंअजधसूचना संख्या 50/2017-सीमािुल्क, दिनांक 30.06.2017 की 614 प्रजत 10 ग्राम प्रजिजष्ट संख्या 356 के अतं गतड लाभ प्राप्त दकया गया हो 2 71या98 रित, दकसी भी रूप म,ें जिस के सम्बन्ध म ेंअजधसूचना संख्या 50/2017-सीमािुल्क, दिनांक 30.06.2017 की 703 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 अतं िडस्ट्त ु 99.9 प्रजतित स े कम नहीं ह ै या उपिीर् ड 7106 92 के अधीन आने िाल े रित के अध ड जिजनर्मडत प्ररूप; 3 71 (ii) पिकीय या रित जसक्क े, जिसकी रित अंतिडस्ट्त ु 99.9 703 प्रजत दकलोग्राम प्रजतित स े कम नहीं ह ै या डाक, कुररयर या सामान के माध्यम स े ऐस े माल के आयात स े जभन्न उपिीर् ड 7106 92 के अधीन आने िाल े रित के अधड जिजनर्मडत प्ररूप। स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोिनों के जलए, दकसी भी प्ररूप म ें रित के अतं गतड जिििे ी मुद्रा के जसक्क े, रित स े बने आभूर्ण या रित स े बनी िस्ट्तुए ंनहीं ह।ैं (i) स्ट्िण ड बार, तोला बार से जभन्न, जिस पर जिजनमाडणकता ड या ररयाइनर का खुिा हुआ क्रम संख्यांक और जमररक यूजनटों में भार अजभव्यि ह;ै[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3 (ii) स्ट्िणड जसक्के, जिसम ें 99.5 प्रजतित से अन्यनू स्ट्िणड ह,ै और स्ट्िणड प्राजप्तयां, डाक, कुररयर या बैगेि के माध्यम स े 614 प्रजत 10 ग्राम 4 71 ऐसे माल के आयात से जभन्न। स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोिन के जलए, "स्ट्िण ड प्राजप्तयां" से कोई छोटा संघटक, िैसे हुक, क्लास्ट्प, क्लैंप, जपन, कैच, स्ट्क्रू बैक, जिसका उपयोग पूण ड आभूर्ण या उसके दकसी भाग को स्ट्थान म ें िोड़े रखन े के जलए दकया िाता ह,ै अजभप्रेत ह।ै सारणी-3 क्रम. स.ं अध्याय/िीर्/ड टैररफमूल्य माल का जििरण उपिीर्/ड टैररफमि (अमरीकी डालर प्रजतमीररक टन) (1) (2) (3) (4) 1 080280 सुपारी 14026 (अथाडत कोई पररितनड नहीं)” 2.यह अजधसूचना 16 माच,ड 2023 से प्रभािी होगी I [फा. स.ं 467/01/2023-सीमािुल्क-V] हरीि कुमार, अिर सजचि नोट:- मूल अजधसूचना भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) म ें अजधसूचना स.ं 36/2001-सीमा िुल्क (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.ं 11/2023-सीमािुल्क (ग.ै ट.ै ), दिनांक 28 फ़रिरी, 2023, जिसे का.आ. 945 (अ) दिनांक 28 फ़रिरी, 2023 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, the 15th March, 2023 No. 14/2023-CUSTOMS (N.T.) S.O. 1237(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 989 2 1511 90 10 RBD Palm Oil 1004 3 1511 90 90 Others – Palm Oil 9974 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 4 1511 10 00 Crude Palmolein 1014 5 1511 90 20 RBD Palmolein 1017 6 1511 90 90 Others – Palmolein 1016 7 1507 10 00 Crude Soya bean Oil 1188 8 7404 00 22 Brass Scrap (all grades) 5217 TABLE-2 Sl. No. Chapter/ heading/ sub- Description of goods Tariff value 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. 614 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 703 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. (ii) Medallions and silver coins having silver 71 content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92, 703 per kilogram 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; 4. (ii) Gold coins having gold content not below 99.5% and gold findings, other than imports of such 71 614 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. No. Chapter/ heading/ sub- Description of goods Tariff value heading/tariff item (US $ Per Metric Tonne) (1) (2) (3) (4) 1 080280 Areca nuts 14026 (i.e., no change)” 2. This notification shall come into force with effect from the 16th day of March, 2023. [F. No. 467/01/2023-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. 11/2023-Customs (N.T.), dated the 28th February, 2023, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 945(E), dated 28th February, 2023. 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.

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