Okay, here's a policy analysis report based on the provided government policy text.
**1. Executive Summary:**
This report analyzes Notification No. 96/2022-Customs (N.T.), a notification that amends a previous notification (No. 36/2001-Customs N.T.) concerning tariff values for specific goods. The amendment substitutes the original tables specifying tariff values with new tables reflecting updated values for items like palm oil, palmolein, soya bean oil, brass scrap, gold, silver and areca nuts. The primary purpose of this amendment, as inferred from the changes in values, is to adjust tariff values to reflect current market conditions for the specified goods, impacting import costs and potentially influencing domestic prices.
**2. Introduction:**
This report provides an overview and analysis of Notification No. 96/2022-Customs (N.T.), issued by the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs. The report focuses on the changes introduced by this notification and their potential implications, based solely on the information provided in the notification text.
**3. Policy Overview:**
* **Amendment:** This notification is an amendment to the original Notification No. 36/2001-Customs N.T., dated August 3, 2001.
* **Core Objective(s):** The core objective of this amendment, as inferred from the text, is to update the tariff values for specific goods subject to customs duties. The changes aim to align declared values with prevailing market rates, enabling accurate calculation of import duties and taxes.
**4. Background and Rationale:**
The amendment is likely driven by the need to periodically revise tariff values to account for fluctuations in commodity prices and exchange rates. The original tariff values specified in Notification No. 36/2001-Customs N.T. may no longer accurately reflect current market conditions. This adjustment ensures that customs duties are calculated on a fair and consistent basis, preventing undervaluation and revenue leakage. The changes to gold and silver values are specifically tied to serial numbers 356 and 357 of Notification No. 50/2017-Customs, dated 30.06.2017, suggesting an alignment with provisions defined in that notification.
**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 as follows:
* **TABLE 1:** Updates the tariff values for various types of palm oil (Crude Palm Oil, RBD Palm Oil, Others Palm Oil), Palmolein (Crude Palmolein, RBD Palmolein, Others Palmolein), Crude Soya bean Oil and Brass Scrap all grades. The values are specified in US Dollars per Metric Tonne.
* **TABLE 2:** Updates the tariff values for Gold and Silver. The changes specify values for gold and silver in any form, in respect of which the benefit of entries at serial number 356 and 357 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed. It also provides values for silver and gold based on content.
* **TABLE 3:** Updates the tariff value for Areca nuts.
*It is worth noting that these values are subject to change based on market fluctuations and government policies.*
**6. Target Audience and Stakeholders:**
The primary target audience and stakeholders affected by this notification include:
* Importers and exporters of palm oil, palmolein, soya bean oil, brass scrap, gold, silver and areca nuts.
* Customs brokers and agents involved in the import/export process.
* Businesses and consumers reliant on these commodities, as import costs can affect domestic prices.
* Government agencies responsible for customs administration and revenue collection (Central Board of Indirect Taxes and Customs).
**7. Implementation Aspects (Inferred):**
* **Responsible Agency:** The Central Board of Indirect Taxes and Customs (CBIC) is the responsible agency for implementing this notification.
* **Timelines:** The notification comes into effect on November 16, 2022. This means the revised tariff values are applicable for imports cleared on or after this date.
* **Procedures:** Customs officials will use the revised tariff values specified in the new tables to assess the customs duties payable on the imported goods.
**8. Expected Outcomes / Impact of Changes:**
The likely intended outcomes of these changes are:
* **More Accurate Duty Assessment:** By updating tariff values, the amendment aims to ensure that customs duties are assessed more accurately, reflecting current market prices.
* **Revenue Collection:** Accurate duty assessment can lead to increased revenue collection for the government, as it prevents undervaluation of imported goods.
* **Trade Impact:** Changes in tariff values can impact the competitiveness of imported goods, potentially influencing trade volumes and domestic market prices.
* **Alignment with Existing Policies:** The changes to gold and silver values are related to Notification No. 50/2017-Customs, ensuring consistency and coherence in policy implementation.
**9. Conclusion:**
Notification No. 96/2022-Customs (N.T.) is a routine but important amendment that updates tariff values for a range of commodities. These adjustments are necessary to maintain the integrity of the customs duty assessment process and ensure that import duties are aligned with prevailing market conditions. The changes will directly impact importers and exporters of the specified goods, and indirectly affect consumers and the broader economy through potential price adjustments. The notification underscores the government's commitment to periodically reviewing and updating customs regulations to reflect the evolving economic landscape.
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 (customs, central excise, service tax, and Goods and Services Tax (GST)) in India.
New Delhi: Capital of India
Ministry of Finance: A ministry within the Government of India concerned with the economy of India, serving as the Indian Treasury.
Department of Revenue: Part of the Ministry of Finance in the Government of India. It controls the formulation and implementation of policies relating to direct and indirect taxes.
Crude Palm Oil: A type of palm oil.
RBD Palm Oil: Refined, bleached, and deodorized palm oil.
Palm Oil: A type of vegetable oil.
Crude Palmolein: A fraction of palm oil obtained by fractionation of palm oil after crystallization at controlled temperatures.
RBD Palmolein: Refined, bleached, and deodorized palmolein.
Palmolein: A fraction of palm oil obtained by fractionation of palm oil after crystallization at controlled temperatures.
Crude Soya bean Oil: A type of oil extracted from soybeans.
Brass Scrap: Scrap metal consisting of brass.
Gold: A precious metal.
Silver: A precious metal.
Areca nuts: Seeds of the Areca palm.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-15112022-240301
xxxGIDHxxx
CG-DL-E-15112022-240301
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.ं 5090] नई दिल्ली, मगं लिार, निम्ब र 15, 2022/कार्तकड 24, 1944
No. 5090] NEW DELHI, TUESDAY, NOVEMBER 15, 2022/KARTIKA 24, 1944
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केंद्रीय अप्रत्यक्ष कर एि ंसीमा िल्ु क बोडड)
अजधसचू ना
नई दिल्ली, 15 निम् बर, 2022
स.ं 96/2022-सीमा िल्ु क (ग.ैटै.)
का.आ. 5310(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 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.ै 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,ै अथाडत:् -
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/िीर्ड/उपिीर्ड/ टैररफ मूल् य
माल का जििरण
टैररफ मि (अमरीकी डालर प्रजत मीररक टन)
(1) (2) (3) (4)
1 1511 10 00 कच्चा पॉम ऑयल 960
2 1511 90 10 आर बी डी पॉम ऑयल 988
7589 GI/2022 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
3 1511 90 90 अन् य पॉम ऑयल 974
4 1511 10 00 कच्चा पामोजलन 1005
5 1511 90 20 आर बी डी पामोलीन 1008
6 1511 90 90 अन्य पामोलीन 1007
7 1507 10 00 सोयाबीन का कच् चा तेल 1354
8 7404 00 22 पीतल स्ट् क्रेप (सभी ग्रेड) 4545
सारणी-2
क्रम. स.ं अध् याय/िीर्ड/ टैररफ मूल् य
माल का जििरण
उपिीर्/ड टैररफ मि (अमरीकी डालर)
(1) (2) (3) (4)
1 71 या 98 स्ट्िण,ड दकसी भी रूप में, जिसके सम्बन्ध म ेंअजधसूचना
संख्या 50/2017-सीमा िुल्क, दिनांक 30.06.2017 की
570 प्रजत 10 ग्राम
प्रजिजष्ट संख्या 356 के अंतगतड लाभ प्राप्त दकया गया हो
2 71 या 98 रित, दकसी भी रूप म,ें जिसके सम्बन्ध म ें अजधसूचना
संख्या 50/2017-सीमा िुल्क, दिनांक 30.06.2017 की
702 प्रजत दकलोग्राम
प्रजिजष्ट संख्या 357 के अंतगतड लाभ प्राप्त दकया गया हो
(i) रित, पिकीय या रित जसक्कों से जभन्न दकसी भी रूप
म,ें जिसकी रित अंतिडस्ट्त ु 99.9 प्रजतित से कम नहीं ह ै
या उपिीर् ड7106 92 के अधीन आन े िाल े रित के अध ड
जिजनर्मडत प्ररूप;
(ii) पिकीय या रित जसक्के, जिसकी रित अंतिडस्ट्त ु
99.9 प्रजतित स े कम नहीं ह ै या डाक, कुररयर या
सामान के माध्यम से ऐस े माल के आयात स े जभन्न
3 71 702 प्रजत
उपिीर्ड 7106 92 के अधीन आने िाले रित के अध ड
दकलोग्राम
जिजनर्मडत प्ररूप।
स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोिनों के जलए, दकसी भी
प्ररूप में रित के अंतगडत जििेिी मुद्रा के जसक्के, रित स े
बने आभूर्ण या रित से बनी िस्ट्तुएं नहीं ह।ैं
(i) स्ट्िण ड बार, तोला बार से जभन्न, जिस पर
जिजनमाडणकताड या ररयाइनर का खुिा हुआ क्रम संख्यांक
और जमररक यूजनटों में भार अजभव्यि ह;ै
(ii) स्ट्िणड जसक्के, जिसमें 99.5 प्रजतित से अन्यनू स्ट्िणड ह,ै
और स्ट्िण ड प्राजप्तया,ं डाक, कुररयर या बैगेि के माध्यम
से ऐसे माल के आयात से जभन्न। 570 प्रजत 10 ग्राम
4 71 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 में िोड़े रखन े
के जलए दकया िाता ह,ै अजभप्रेत ह।ै[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3
सारणी-3
क्रम. स.ं अध् याय/िीर्ड/ उपिीर्/ड टैररफ मूल् य
माल का जििरण
टैररफ मि (अमरीकी डालर प्रजत मीररक टन)
(1) (2) (3) (4)
1 080280 सुपारी 7333 (अथाडत कोई पररितनड नहीं)”
2. यह अजधसूचना 16 निंबर, 2022 से 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) में 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.ं 94/2022-सीमािुल्क (ग.ै टै.), दिनांक 11 निंबर 2022, जिसे का.आ. 5250
(अ) दिनांक 11 निंबर, 2022 के तहत भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) में 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 November, 2022
No. 96/2022-CUSTOMS (N.T.)
S.O. 5310(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 960
2 1511 90 10 RBD Palm Oil 988
3 1511 90 90 Others – Palm Oil 974
4 1511 10 00 Crude Palmolein 1005
5 1511 90 20 RBD Palmolein 1008
6 1511 90 90 Others – Palmolein 1007
7 1507 10 00 Crude Soya bean Oil 1354
8 7404 00 22 Brass Scrap (all grades) 45454 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
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. 570 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 702 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;
(ii) Medallions and silver coins having silver
content not below 99.9% or semi-manufactured
3. 71 forms of silver falling under sub-heading 7106 92, 702 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;
(ii) Gold coins having gold content not below
99.5% and gold findings, other than imports of such
4. 71 570 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 7333 (i.e., no change)”
2. This notification shall come into force with effect from the 16th day of November, 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.
94/2022-Customs (N.T.), dated the 11th November, 2022, e-published in the Gazette of India,
Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 5250(E), dated 11th November,
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.