## Policy Analysis Report: Customs Notification No. 242025/CUSTOMS N.T.
**1. Executive Summary:**
This report analyzes Customs Notification No. 242025/CUSTOMS N.T., dated April 15, 2025. This notification represents an *amendment* to a previous customs notification (No. 362001Customs N.T., dated August 3, 2001). The core purpose of this amendment is to substitute existing tariff values for specific goods related to palm oil, soya bean oil, brass scrap, gold, silver, and areca nuts. The key findings are that the amendment directly impacts the import/export valuation of these goods, likely affecting businesses involved in their trade.
**2. Introduction:**
This report provides an analysis of Customs Notification No. 242025/CUSTOMS N.T., based solely on the information contained within the provided text. The report aims to inform affected industries about the changes introduced by this amendment.
**3. Policy Overview:**
* This notification amends the Government of India in the Ministry of Finance (Department of Revenue) Notification No. 362001Customs N.T., dated the 3rd August, 2001.
* **Core Objective(s):** The core objective of *this amendment* is to update the tariff values for specific imported goods. This is inferred from the text which states the intent to substitute existing tables with new tables of tariff values.
**4. Background and Rationale:**
The rationale for this specific amendment appears to be the need to update the tariff values of the listed goods (palm oil, soya bean oil, brass scrap, gold, silver, and areca nuts). Tariff values are subject to market fluctuations and economic conditions, so periodic adjustments are necessary to ensure accurate customs valuation and revenue collection. The previous notification's tariff values were deemed outdated, necessitating this change.
**5. Key Provisions / Changes:**
This notification introduces changes by *substituting* three existing tables (TABLE1, TABLE2, and TABLE3) in the original notification (No. 362001Customs N.T., dated August 3, 2001) with new versions. The changes are as follows:
* **TABLE 1 (Palm Oil, Soya Bean Oil, Brass Scrap):** This table lists various types of Palm Oil (Crude, RBD, Others), Palmolein (Crude, RBD, Others), Crude Soya bean Oil, and Brass Scrap all grades, along with their corresponding Chapter heading/sub-heading/tariff item and *new* tariff values expressed in US Dollars per Metric Tonne. The main effect is a *change* in the import value assessment for these goods. Specific changes to values cannot be determined without the original table.
* **TABLE 2 (Gold and Silver):** This table specifies the tariff values for Gold and Silver in various forms, also expressed in US Dollars per 10 grams or per kilogram. The table differentiates based on the type of gold/silver and the benefit availed under Notification No. 502017Customs dated 30.06.2017. It clarifies the types of silver and gold that are included/excluded in certain entries. The effect is a specific *change* to the import value assessment and a clarification of which forms of gold and silver are subject to which tariff value. Again, specific value changes from the previous table cannot be determined from this text alone.
* **TABLE 3 (Areca Nuts):** This table lists Areca nuts with their corresponding Chapter heading/sub-heading/tariff item and *new* tariff value expressed in US Dollars per Metric Tonne. The main effect is a *change* in the import value assessment for these goods. Specific changes to values cannot be determined without the original table.
**6. Target Audience and Stakeholders:**
The primary target audience and stakeholders are:
* Businesses involved in the import and export of Crude Palm Oil, RBD Palm Oil, Others Palm Oil, Crude Palmolein, RBD Palmolein, Others Palmolein, Crude Soya bean Oil, Brass Scrap all grades, Gold, Silver, and Areca nuts.
* Customs brokers and agents involved in the import/export process.
* The Central Board of Indirect Taxes and Customs (CBIC) and its officials responsible for implementing and enforcing customs regulations.
**7. Implementation Aspects (Inferred):**
* **Responsible Agency/Bodies:** The Central Board of Indirect Taxes and Customs (CBIC) is the responsible agency for implementing this notification.
* **Timelines:** The notification comes into effect on April 16, 2025. This implies that the new tariff values will be applicable for all imports/exports of the specified goods from that date onwards.
* The CBIC will likely need to update its systems and procedures to reflect the new tariff values. Customs officials will be responsible for applying the revised values during the assessment and clearance of goods.
**8. Expected Outcomes / Impact of Changes:**
The likely intended outcome of these specific changes is:
* Accurate valuation of imported goods based on updated market prices.
* Fairer revenue collection by the government.
* Potential impact on the cost of imported goods for consumers and businesses, depending on the magnitude of the changes in tariff values. The level of impact on consumers is dependent on the original tariff values that were changed.
* Greater clarity regarding the valuation of gold and silver in various forms.
**9. Conclusion:**
Customs Notification No. 242025/CUSTOMS N.T. is an important amendment that updates the tariff values for several key commodities. This change is significant as it directly affects the cost of importing/exporting these goods and impacts businesses involved in their trade. Businesses need to be aware of the new values and their implications for import/export planning and pricing. Close monitoring of market trends and further updates to tariff values will be essential.
Key Entities Referenced
S. O. 748 E: An order number related to customs notification.
Customs Act, 1962: Refers to the Customs Act of 1962, which grants powers related to customs duties and regulations.
Section 14: Refers to section 14 of the Customs Act, 1962 which empowers the Central Board of Indirect Taxes and Customs to determine tariff values.
Central Board of Indirect Taxes and Customs: A government organization responsible for customs and indirect tax administration in India.
Ministry of Finance: A government organization, the Ministry of Finance, is responsible for economic and financial matters.
Department of Revenue: A department within the Ministry of Finance.
Gazette of India: The official government gazette where notifications and legal announcements are published.
Notification No. 362001Customs N.T.: A notification related to customs issued by the Department of Revenue on the 3rd August, 2001.
Notification No. 232025Customs N.T.: A notification related to customs, dated the 08th April 2025.
S.O. 1668 E: An order number related to customs notification, dated 08th April 2025.
New Delhi: Location where the notification was issued.
No. 242025CUSTOMS N.T.: A notification number related to customs
S.O. 1726E: An order number related to customs notification.
TABLE1: A table containing tariff values for various types of palm oil and soya bean oil.
TABLE2: A table containing tariff values for gold and silver.
TABLE3: A table containing tariff values for Areca nuts
Notification No. 502017Customs: A notification related to customs, dated 30.06.2017.
1032 per 10 grams: Tariff value in US dollars for gold.
1045 per kilogram: Tariff value in US dollars for silver.
6970: Tariff value in US dollars per metric ton for Areca nuts
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-15042025-262462
CG-DxLx-xEG-I1D5H0x4x2x0 25-262462
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.ं 1695] नई दिल्ली, मगं लिार, अप्रलै 15, 2025/चत्रै 25, 1947
No. 1695] NEW DELHI, TUESDAY, APRIL 15, 2025/CHAITRA 25, 1947
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केंद्रीय अप्रत्यक्ष कर एि ं सीमा िल्ु क बोडड)
अजधसचू ना
नई दिल्ली, 15 अप्रलै , 2025
स.ं 24/2025-सीमा िल्ु क (ग.ैटै.)
का.आ. 1726(अ).— सीमा िल्ु क 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 होन ेपर दक ऐसा करना आिश्यक
एि ं समीचीन ह,ै एतद्द्वारा, भारत सरकार, जित्त मंत्रालय (रािस्ट्ि जिभाग) की अजधसूचना स.ं 36/2001-सीमा िल्ु क
(ग.ै ट.ै ), दिनांक 3 अगस्ट्त, 2001, जिसे का.आ. 748 (अ), दिनांक 3 अगस्ट्त, 2001 के तहत भारत के रािपत्र, असाधारण
के भाग-II, खडं -3, उपखडं (ii) म ें प्रकाजित दकया गया था, म ें जनम्नजलजखत संिोधन करता ह,ै अथाडत:् -
उि अजधसूचना म,ें सारणी-1, सारणी-2 और सारणी-3 के स्ट्थान पर जनम्नजलजखत सारजणया ाँ प्रजतस्ट्थाजपत की
िाएाँगी, अथाडत:् -
2533 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
"सारणी-1
क्रम. स.ं अध्याय/िीर्/ड उपिीर्/ड टैररफ मूल्य
माल का जििरण
टैररफ मि (अमरीकी डालर प्रजत मीररक टन)
(1) (2) (3) (4)
1 1511 10 00 कच् चा पॉम ऑयल 1153
2 1511 90 10 आर बी डी पॉम ऑयल 1162
3 1511 90 90 अन्य पॉम ऑयल 1158
4 1511 10 00 कच् चा पामोजलन 1173
5 1511 90 20 आर बी डी पामोलीन 1176
6 1511 90 90 अन्य पामोलीन 1175
7 1507 10 00 सोयाबीन का कच् चा तेल 1098
8 7404 00 22 पीतल स्ट्क्रैप (सभी ग्रडे ) 5469
सारणी-2
क्रम. स.ं अध्याय/िीर्/ड टैररफ मूल्य
माल का जििरण
उपिीर्/ड टैररफ मि (अमरीकी डालर)
(1) (2) (3) (4)
1 71 या 98 स्ट्िणड, दकसी भी रूप म,ें जिसके सम्बन्ध म ें अजधसूचना
संख्या 50/2017-सीमा िल्ु क, दिनांक 30.06.2017 1032 प्रजत 10 ग्राम
की 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 िल्ु क, दिनांक 30.06.2017 1045 प्रजत दकलोग्राम
की प्रजिजष्ट संख्या 357 के अंतगतड लाभ प्राप्त दकया गया
हो
(i) रित, पिकीय या रित जसक्क ों स े जभन्न दकसी
भी रूप म,ें जिसकी रित अंतिस्ट्ड तु 99.9 प्रजतित
स े कम नहीं ह ै या उपिीर् ड 7106 92 के अधीन
आने िाले रित के अधड जिजनर्मडत प्ररूप;
3 71 (ii) पिकीय या रित जसक्क े, जिसकी रित अतं िडस्ट्त ु 1045 प्रजत दकलोग्राम
99.9 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 आने िाले रित के
अधड जिजनर्मडत प्ररूप।[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3
स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोिनों के जलए, दकसी भी
प्ररूप म ें रित के अंतगडत जििेिी मुद्रा के जसक्क े, रित
स े बने आभर्ू ण या रित स े बनी िस्ट्तुए ंनहीं ह।ैं
(i) स्ट्िण ड बार, तोला बार स े जभन्न, जिस पर
जिजनमाडणकताड या ररयाइनर का खुिा हुआ क्रम
संख्यांक और जमररक यूजनटों म ेंभार अजभव्यि ह;ै
(ii) स्ट्िणड जसक्क े, जिसम ें99.5 प्रजतित स ेअन्यून स्ट्िण ड
4 71 1032 प्रजत 10 ग्राम
ह,ै और स्ट्िणड प्राजप्तयां, डाक, कुररयर या बैगेि के
माध्यम स े ऐसे माल के आयात स े जभन्न।
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 रखन े
के जलए दकया िाता ह,ै अजभप्रेत ह।ै
सारणी-3
क्रम. स.ं अध्याय/िीर्/ड टैररफ मूल्य
उपिीर्/ड टैररफ माल का जििरण (अमरीकी डालर प्रजत
मि मीररक टन)
(1) (2) (3) (4)
1 080280 सुपारी 6970”
2. यह अजधसूचना 16 अप्रलै , 2025 से प्रभािी होगी I
[फा. स.ं 467/01/2025-सीमा िुल्क.V]
मेघा बंसल, अिर सजचि
नोट:- मलू अजधसूचना भारत के रािपत्र, असाधारण के भाग-II, खडं -3, उपखडं (ii) म ें अजधसूचना स.ं 36/2001- सीमा
िुल्क (ग.ैटै.), दिनांक 3 अगस्ट्त, 2001, का.आ. 748 (अ), दिनाकं 3 अगस्ट्त, 2001 के तहत प्रकाजित की गई थी, तथा
यह अंजतम बार अजधसूचना स.ं 23/2025-सीमािुल्क (ग.ैटै.), दिनांक 08 अप्रलै 2025, जिसे का.आ. 1668 (अ)
दिनांक 08 अप्रलै 2025 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 I4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
NOTIFICATION
New Delhi, the 15th April, 2025
No. 24/2025-CUSTOMS (N.T.)
S.O. 1726(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 1153
2 1511 90 10 RBD Palm Oil 1162
3 1511 90 90 Others – Palm Oil 1158
4 1511 10 00 Crude Palmolein 1173
5 1511 90 20 RBD Palmolein 1176
6 1511 90 90 Others – Palmolein 1175
7 1507 10 00 Crude Soya bean Oil 1098
8 7404 00 22 Brass Scrap (all grades) 5469
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
71 or 98 entries at serial number 356 of the Notification No. 1032 per 10 grams
1.
50/2017-Customs dated 30.06.2017 is availed
Silver, in any form, in respect of which the benefit of
71 or 98 entries at serial number 357 of the Notification No.
50/2017-Customs dated 30.06.2017 is availed
2. 1045 per kilogram
(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-
71 manufactured forms of silver falling under 1045 per kilogram
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.[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. 71 99.5% and gold findings, other than imports of
1032 per 10 grams
such 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 Ton)
(1) (2) (3) (4)
1 080280 Areca nuts 6970”
2. This notification shall come into force with effect from the 16th day of April, 2025.
[F. No. 467/01/2025-Cus.V]
MEGHA BANSAL, 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. 23/2025-Customs (N.T.), dated the 08th April
2025 e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number
S.O. 1668 (E), dated 08th April 2025.
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.