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Date: 2022-09-30 Category: Extra Ordinary State: Union Government Country: India

Customs Notification

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

## Policy Analysis Report: Customs Notification No. 84/2022 **1. Executive Summary:** This report analyzes Customs Notification No. 84/2022, a notification amending a previous customs notification, No. 36/2001-Customs N.T. The primary purpose of this amendment is to update the tariff values for certain imported goods, including palm oil, soybean oil, brass scrap, gold, silver and areca nuts. The key finding is that the amendment introduces new tariff values (expressed in US Dollars per Metric Tonne or per 10 grams/kilogram) for these goods, potentially impacting import costs and related industries. **2. Introduction:** This report provides an overview of Customs Notification No. 84/2022, issued by the Department of Revenue, Central Board of Indirect Taxes and Customs, Ministry of Finance, Government of India. The analysis is based solely on the provided policy text. The purpose is to inform affected industries about the changes implemented through this amendment. **3. Policy Overview:** * This notification amends the original notification No. 36/2001-Customs N.T., dated the 3rd August, 2001. * **Core Objective:** The core objective, as inferred from the text, is to revise the tariff values for specific imported goods. This directly impacts the calculation of customs duties and the overall cost of importing these items. **4. Background and Rationale:** The amendment likely stems from a need to update the tariff values of the specified goods to reflect current market prices and economic conditions. The original values established in Notification No. 36/2001-Customs N.T. may no longer be aligned with prevailing market rates, necessitating this adjustment. This ensures that import duties are calculated based on a more accurate and contemporary valuation of the goods. **5. Key Provisions / Changes:** This notification introduces changes through the substitution of *TABLE 1, TABLE 2 and TABLE 3* of the original Notification. The changes affect the tariff values for certain goods. Specifically: * **Crude Palm Oil (CTH 1511 10 00):** The tariff value is changed to USD 937 per metric ton. * **RBD Palm Oil (CTH 1511 90 10):** The tariff value is changed to USD 982 per metric ton. * **Others Palm Oil (CTH 1511 90 90):** The tariff value is changed to USD 960 per metric ton. * **Crude Palmolein (CTH 1511 10 00):** The tariff value is changed to USD 995 per metric ton. * **RBD Palmolein (CTH 1511 90 20):** The tariff value is changed to USD 998 per metric ton. * **Others Palmolein (CTH 1511 90 90):** The tariff value is changed to USD 997 per metric ton. * **Crude Soya bean Oil (CTH 1507 10 00):** The tariff value is changed to USD 1257 per metric ton. * **Brass Scrap all grades (CTH 7404 00 22):** The tariff value is changed to USD 4555 per metric ton. * **Gold, in any form, in respect of which the benefit of 71 or 98 entries at serial number 356 of the Notification No. 533/2017-Customs dated 30.06.2017 is availed:** The tariff value is changed to USD 71 per 10 grams. * **Silver, in any form, in respect of which the benefit of 71 or 98 entries at serial number 357 of the Notification No. 608/2017-Customs dated 30.06.2017 is availed:** The tariff value is changed to USD 98 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 subheading 7106 92;** The tariff value is changed to USD 71 per kilogram. * **Medallions and silver coins having silver content not below 99.9 or semimanufactured forms of silver falling under subheading 7106 92, other than imports of such goods through post, courier or baggage.:** The tariff value is changed to USD 608 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.:** The tariff value is changed to USD 71 per 10 grams. * **Areca nuts (CTH 080280):** The tariff value is changed to USD 6853 per metric ton. *Difference/Effect:* The amendments directly change the assessable value for customs duty calculations on the specified goods. This directly impacts the amount of duty importers will pay, which may in turn affect consumer pricing. **6. Target Audience and Stakeholders:** The primary target audience includes: * Importers of Palm Oil, Soybean Oil, Brass Scrap, Gold, Silver and Areca nuts. * Customs brokers and agents. * Businesses involved in the trade and processing of these commodities. **7. Implementation Aspects (Inferred):** * **Responsible Agency:** The Central Board of Indirect Taxes and Customs (CBIC) is responsible for implementing and enforcing this notification. * **Timeline:** The notification comes into force on October 1st, 2022, as stated in the notification. * The amendment will be implemented through standard customs procedures for valuation and duty assessment. **8. Expected Outcomes / Impact of Changes:** The intended outcome of these changes is to align the tariff values with prevailing market prices. The potential impact includes: * **Changes in Import Costs:** The revision of tariff values will directly affect the cost of importing the specified goods. Depending on whether the revised values are higher or lower than previous values or actual transaction prices, import costs may increase or decrease, respectively. * **Impact on Domestic Prices:** Changes in import costs can potentially affect the prices of these commodities in the domestic market, impacting consumers and industries that use these goods as inputs. * **Government Revenue:** The adjustment of tariff values may lead to changes in government revenue collected through customs duties. **9. Conclusion:** Customs Notification No. 84/2022 is a significant amendment that updates the tariff values for key imported commodities. These changes will affect importers, related industries, and potentially domestic prices. Stakeholders should carefully review the revised tariff values and assess their impact on their operations. This ensures compliance and informs strategic decision-making in response to the updated regulations.

Key Entities Referenced

Customs Act, 1962: An act of the Indian Parliament related to customs duties and regulations. (52 of 1962) Central Board of Indirect Taxes and Customs: A department under the Ministry of Finance, Government of India, responsible for the formulation of policy concerning indirect taxes, such as customs duties. Ministry of Finance: A ministry of the Government of India responsible for financial matters. Department of Revenue: A department under the Ministry of Finance, Government of India. New Delhi: The capital city of India. (Location of notification) Gazette of India: A public journal and an authorized legal document of the Government of India, published weekly by the Department of Publication, Ministry of Housing and Urban Affairs. Crude Palm Oil: A type of palm oil (1511 10 00) RBD Palm Oil: Refined, bleached, and deodorized palm oil (1511 90 10) Palm Oil: Palm oil (1511 90 90) Crude Palmolein: A type of palmolein oil (1511 10 00) RBD Palmolein: Refined, bleached, and deodorized palmolein oil (1511 90 20) Palmolein: Palmolein oil (1511 90 90) Crude Soya bean Oil: A type of soya bean oil (1507 10 00) Brass Scrap: Brass Scrap all grades (7404 00 22) Gold: Precious metal in any form Silver: Precious metal in any form Areca nuts: Type of nuts (080280) HARISH KUMAR: Under Secretary.
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रजजस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-30092022-239238 xxxGIDHxxx CG-DL-E-30092022-239238 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.ं 4416] नई ददल्ली, िुक्रिार, जसतम्ब र 30, 2022/आजश्ि न 8, 1944 No. 4416] NEW DELHI, FRIDAY, SEPTEMBER 30, 2022/ASVINA 8, 1944 जित्त मत्रं ालय (राजस्ट्ि जिभाग) (केंद्रीय अप्रत्यक्ष कर एि ंसीमा िल्ु क बोडड) अजधसचू ना नई ददल्ली, 30 जसतम्बर, 2022 स.ं 84/2022-सीमा िल्ु क (गै.टै.) का.आ. 4624(अ).—सीमा िुल्क अजधजनयम, 1962 (1962 का 52) की धारा 14 की उपधारा (2) द्वारा प्रदत्त िजियों का प्रयोग करते हुए, केंद्रीय अप्रत्यक्ष कर एिं सीमा िुल्क बोडड, इस बात स े संतुष्ट होने पर दक ऐसा करना आिश्यक एि ं समीचीन ह,ै एतद्द्वारा, भारत सरकार, जित्त मंत्रालय (राजस्ट्ि जिभाग) की अजधसूचना सं. 36/2001-सीमा िुल्क (गै. टै.), ददनांक 3 अगस्ट्त, 2001, जजसे का.आ. 748(अ), ददनांक 3 अगस्ट्त, 2001 के तहत भारत के राजपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) में प्रकाजित दकया गया था, में जनम्नजलजखत संिोधन करता ह,ै अथाडत्:- उि अजधसूचना में, सारणी-1, सारणी-2 और सारणी-3 के स्ट्थान पर जनम्नजलजखत सारजणयााँ प्रजतस्ट्थाजपत की जाएाँगी, अथाडत्:- "सारणी-1 क्रम. स.ं अधय् ाय/िीर्ड/उपिीर्ड/ टैररफ टैररफ मूल्य माल का जििरण मद (अमरीकी डालर प्रजत मीररक टन) (1) (2) (3) (4) 1 1511 10 00 कच्चा पॉम ऑयल 937 2 1511 90 10 आर बी डी पॉम ऑयल 982 6591 GI/2022 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 3 1511 90 90 अनय् पॉम ऑयल 960 4 1511 10 00 कच्चा पामोजलन 995 5 1511 90 20 आर बी डी पामोलीन 998 6 1511 90 90 अन्य पामोलीन 997 7 1507 10 00 सोयाबीन का कच्चा तेल 1257 8 7404 00 22 पीतल स्क्रेप (सभी ग्रेड) 4555 सारणी-2 क्रम. स.ं अधय् ाय/िीर्/ड टैररफ मलू य् माल का जििरण उपिीर्/ड टैररफ मद (अमरीकी डालर) (1) (2) (3) (4) 1 71 या 98 स्ट्िणड, दकसी भी रूप म,ें जजसके सम्बन्ध में अजधसूचना संख्या 50/2017-सीमा िुल्क, ददनांक 30.06.2017 की प्रजिजष्ट 533 प्रजत 10 ग्राम संख्या 356 के अंतगडत लाभ प्राप्त दकया गया हो 2 71 या 98 रजत, दकसी भी रूप म,ें जजसके सम्बन्ध म ें अजधसूचना संख्या 50/2017-सीमा िुल्क, ददनांक 30.06.2017 की प्रजिजष्ट 608 प्रजत दकलोग्राम संख्या 357 के अंतगडत लाभ प्राप्त दकया गया हो (i) रजत, पदकीय या रजत जसक्कों से जभन्न दकसी भी रूप में, जजसकी रजत अंतिडस्ट्तु 99.9 प्रजतित से कम नहीं है या उपिीर्ड 7106 92 के अधीन आने िाले रजत के अधड जिजनर्ममत प्ररूप; (ii) पदकीय या रजत जसक्के, जजसकी रजत अंतिडस्ट्तु 99.9 प्रजतित से कम नहीं ह ै या डाक, कुररयर या सामान के माध्यम 3 71 608 प्रजत दकलोग्राम से ऐसे माल के आयात से जभन्न उपिीर्ड 7106 92 के अधीन आने िाले रजत के अधड जिजनर्ममत प्ररूप। स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोजनों के जलए, दकसी भी प्ररूप म ें रजत के अंतगडत जिदिे ी मुद्रा के जसक्के, रजत से बने आभूर्ण या रजत से बनी िस्ट्तुएं नहीं ह।ैं (i) स्ट्िणड बार, तोला बार से जभन्न, जजस पर जिजनमाडणकताड या ररयाइनर का खुदा हुआ क्रम संख्यांक और जमररक यूजनटों में भार अजभव्यि है; (ii) स्ट्िणड जसक्के, जजसमें 99.5 प्रजतित से अन्यून स्ट्िणड है, और 533 प्रजत 10 ग्राम स्ट्िणड प्राजप्तया,ं डाक, कुररयर या बैगेज के माध्यम से ऐसे माल के 4 71 आयात से जभन्न। स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोजन के जलए, "स्ट्िणड प्राजप्तया"ं से कोई छोटा संघटक, जैसे हुक, क्लास्ट्प, क्लैंप, जपन, कैच, स्ट्क्रू बैक, जजसका उपयोग पूणड आभूर्ण या उसके दकसी भाग को स्ट्थान में जोड़े रखने के जलए दकया जाता है, अजभप्रेत ह।ै[भाग II—खण् ड 3(ii)] भारत का राजपत्र : असाधारण 3 सारणी-3 क्रम. सं. अधय् ाय/िीर्ड/ उपिीर्ड/ टैररफ मूल्य माल का जििरण टैररफ मद (अमरीकी डालर प्रजत मीररक टन) (1) (2) (3) (4) 1 080280 सुपारी 6853 (अथाडत कोई पररितडन नहीं)” 2. यह अजधसूचना 01 अक्टूबर, 2022 से प्रभािी होगी I [फा. सं. 467/01/2022-सीमा िुल्क -V] हरीि कुमार, अिर सजचि नोट : मूल अजधसूचना भारत के राजपत्र, असाधारण के भाग II, खंड 3, उपखंड (ii) में अजधसूचना सं. 36/2001-सीमा िुल् क (गै.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.ं 77/2022-सीमािल्ु क (गै.टै.), ददनांक 15 जसतंबर 2022, जजसे का.आ. 4344(अ) ददनांक 15 जसतंबर, 2022 के तहत भारत के राजपत्र, असाधारण के भाग II, खडं 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 30th September, 2022 No. 84/2200-CUSTOMS (N.T.) S.O. 4624(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 937 2 1511 90 10 RBD Palm Oil 982 3 1511 90 90 Others – Palm Oil 960 4 1511 10 00 Crude Palmolein 995 5 1511 90 20 RBD Palmolein 998 6 1511 90 90 Others – Palmolein 997 7 1507 10 00 Crude Soya bean Oil 1257 8 7404 00 22 Brass Scrap (all grades) 45554 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. 533 per 10 grams 50/2017-Customs dated 30.06.2017 is availed Silver, in any form, in respect of which the benefit of 2. 71 or 98 entries at serial number 357 of the Notification No. 608 per kilogram 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 3. 71 not below 99.9% or semi-manufactured forms of silver 608 per kilogram falling under sub-heading 7106 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 such goods 4. 71 533 per 10 grams 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/ Description of goods Tariff value sub-heading/tariff item (US $ Per Metric Tonne) (1) (2) (3) (4) 1 080280 Areca nuts 6853 (i.e., no change)‖ 2. This notification shall come into force with effect from the 01st day of October, 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. 77/2022-Customs (N.T.), dated the 15 September, 2022, e-published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide number S.O. 4344(E), dated 15th September, 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.

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