## Policy Analysis Report: Customs Notification No. 95/2021
**1. Executive Summary:**
This report analyzes Customs Notification No. 95/2021, published by the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs (CBIC) on November 30, 2021. This notification amends a previous customs notification (No. 36/2001-Customs N.T.) by substituting new tables specifying tariff values for various goods. The core purpose is to update the tariff values for imported goods like palm oil, soya bean oil, brass scrap, gold, silver and areca nuts, thereby impacting customs duties and potentially influencing trade flows. Key findings include revised tariff values for specified goods and a commencement date for the changes of December 1, 2021.
**2. Introduction:**
The purpose of this report is to provide an informative analysis of Customs Notification No. 95/2021 based solely on the provided text. This analysis will cover the amendment's objectives, key changes, affected stakeholders, and potential impact.
**3. Policy Overview:**
* This notification is an *amendment* to the original policy, Notification No. 36/2001-Customs N.T., dated August 3, 2001.
* **Core Objective:** The core objective, inferred from the text, is to update and revise the tariff values for specific imported goods for customs duty purposes. This ensures accurate valuation for assessment of import duties.
**4. Background and Rationale:**
The likely reason for this amendment is to adjust tariff values to reflect current market prices and/or government policy related to these specific commodities (palm oil, soya bean oil, brass scrap, gold, silver and areca nuts). Regular updates to tariff values are essential to prevent undervaluation, maintain fair trade practices, and ensure appropriate revenue collection. The notification suggests a need to revise existing values that may have become outdated due to market fluctuations or other economic factors.
**5. Key Provisions / Changes:**
This notification *amends* Notification No. 36/2001-Customs N.T. by *substituting* the existing "TABLE1, TABLE2, and TABLE3" with new tables containing revised tariff values.
* **Specific Change:** The core change is the replacement of the previous tables with new tables specifying revised tariff values (in US Dollars per Metric Tonne or per 10 grams/kilogram) for the following goods:
* **TABLE 1:**
* Crude Palm Oil
* RBD Palm Oil
* Others Palm Oil
* Crude Palmolein
* RBD Palmolein
* Others Palmolein
* Crude Soya bean Oil
* Brass Scrap (all grades)
* **TABLE 2:**
* 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
* 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
* 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;
* 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.
* 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.
* **TABLE 3:**
* Areca nuts
* **Effect of Change:** The effect of this change is that the customs duties levied on the import of these goods will now be calculated based on the *new* tariff values specified in the updated tables. This will directly impact the cost of importing these commodities.
**6. Target Audience and Stakeholders:**
Based on the text, the direct target audience and stakeholders affected by this notification include:
* Importers of crude palm oil, RBD palm oil, other palm oil, crude palmolein, RBD palmolein, other palmolein, crude soya bean oil, brass scrap, gold, silver and areca nuts.
* Customs brokers and agents involved in the import process.
* The Ministry of Finance, Department of Revenue, and the Central Board of Indirect Taxes and Customs (CBIC).
* Domestic industries that compete with the imported goods listed.
**7. Implementation Aspects (Inferred):**
* **Responsible Agency:** The Central Board of Indirect Taxes and Customs (CBIC) under the Department of Revenue, Ministry of Finance, is responsible for implementing this notification.
* **Timelines:** The notification comes into force on December 1, 2021.
* The Customs Act, 1962, provides the legal framework for the valuation and assessment of customs duties, and this notification operates within that framework.
**8. Expected Outcomes / Impact of Changes:**
The likely intended outcomes of these specific changes introduced by the amendment are:
* **More accurate valuation of imported goods:** The updated tariff values aim to reflect current market prices, leading to more accurate valuation for customs duty assessment.
* **Impact on Import Costs:** The revised tariff values will directly impact the cost of importing the specified goods. Depending on whether the values have increased or decreased, this could lead to higher or lower import duties.
* **Revenue implications for the government:** Adjusting tariff values can impact government revenue from customs duties.
* **Influence on Trade Flows:** Changes in import costs can influence the volume and patterns of trade in these commodities.
**9. Conclusion:**
Customs Notification No. 95/2021 represents a periodic update to tariff values for key imported goods. The amendments, effective from December 1, 2021, directly impact importers, customs brokers, and the government's revenue collection. Regular monitoring of market conditions and adjustments to tariff values are essential for maintaining fair trade practices and ensuring efficient customs administration. The notification's significance lies in its direct effect on the cost of importing specified commodities and its potential influence on trade dynamics.
Key Entities Referenced
Customs Act, 1962: An act of the Indian Parliament, referenced in the context of amendments and powers conferred by subsection 2 of section 14.
Central Board of Indirect Taxes and Customs: An organization under the Department of Revenue, Ministry of Finance, responsible for customs and indirect taxes administration in India. Referred to as the authority making amendments.
Ministry of Finance: A ministry of the Government of India. The Department of Revenue is a part of this ministry.
Department of Revenue: A department within the Ministry of Finance, Government of India.
New Delhi: The location of the notification, implying it's the capital of India.
Crude Palm Oil: A type of Palm Oil with Tariff Item 1511 10 00 and Tariff value US Per Metric Tonne 1307
RBD Palm Oil: A type of Palm Oil with Tariff Item 1511 90 10 and Tariff value US Per Metric Tonne 1327
Others Palm Oil: A type of Palm Oil with Tariff Item 1511 90 90 and Tariff value US Per Metric Tonne 1317
Crude Palmolein: A type of Palmolein with Tariff Item 1511 10 00 and Tariff value US Per Metric Tonne 1334
RBD Palmolein: A type of Palmolein with Tariff Item 1511 90 20 and Tariff value US Per Metric Tonne 1337
Others Palmolein: A type of Palmolein with Tariff Item 1511 90 90 and Tariff value US Per Metric Tonne 1336
Crude Soya bean Oil: A type of Soya bean Oil with Tariff Item 1507 10 00 and Tariff value US Per Metric Tonne 1434
Brass Scrap: A type of metal scrap with Tariff Item 7404 00 22 and Tariff value US Per Metric Tonne 5691
Notification No. 502017Customs dated 30.06.2017: A customs notification that is relevant for the benefit of entries for Gold and Silver.
Areca nuts: A type of nuts with Tariff Item 080280 and Tariff value US Per Metric Tonne 5252
रजजस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
xxxGIDHxxx
सी.जी.-डी.एxलxx.-GअID.E-3xx0x1 12021-231500
CG-DL-E-30112021-231500
असाधारण
EXTRAORDINARY
भाग II—खण्ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 4542] नई ददल्ली, मगं लिार, निम्बर 30, 2021/अग्रहायण 9, 1943
No. 4542] NEW DELHI, TUESDAY, NOVEMBER 30, 2021/AGRAHAYANA 9, 1943
जित्त मत्रं ालय
(राजस्ट्ि जिभाग)
(केंद्रीय अप्रत्यक्ष कर एि ंसीमा िल्ु क बोड)ड
अजधसचू ना
नई ददल्ली, 30 निम् बर, 2021
स.ं 95/2021-सीमा िल्ु क (ग.ैट.ै)
का.आ. 4912(अ).— सीमा िल्ु क अजधजनयम, 1962 (1962 का 52) की धारा 14 की उपधारा (2) द्वारा प्रदत्त
िजियों का प्रयोग करते हुए, केंद्रीय अप्रत्यक्ष कर एि ं 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 (ग.ै
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) म ें प्रकाजित दकया गया था, म ें जनम्नजलजखत सिं ोधन करता ह,ै अथाडत्:-
उक्त अजधसूचना म,ें सारणी-1, सारणी-2 और सारणी-3 के स्ट्थान पर जनम्नजलजखत सारजणयााँ प्रजतस्ट्थाजपत की
जाएाँगी, अथाडत:्-
"सारणी-1
क्रम. स.ं अध य् ाय/िीर्ड/उपिीर्/ड टैररफ मूल य्
माल का जििरण
टैररफ मद (अमरीकी डालर प्रजत मीररक टन)
(1) (2) (3) (4)
1 1511 10 00 कच्चा पॉम ऑयल 1307
2 1511 90 10 आर बी डी पॉम ऑयल 1327
6929 GI/2021 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
3 1511 90 90 अन् य पॉम ऑयल 1317
4 1511 10 00 कच्चा पामोजलन 1334
5 1511 90 20 आर बी डी पामोलीन 1337
6 1511 90 90 अन्य पामोलीन 1336
7 1507 10 00 सोयाबीन का कच् चा तेल 1434
8 7404 00 22 पीतल स्ट् क्रेप (सभी ग्रडे ) 5691
सारणी-2
क्रम. स.ं अध् याय/िीर्/ड टैररफ मूल् य
माल का जििरण
उपिीर्/ड टैररफ मद (अमरीकी डालर)
(1) (2) (3) (4)
1 71 या 98 स्ट्िणड, दकसी भी रूप में, जजसके सम्बन्ध म ें अजधसूचना 575 प्रजत 10 ग्राम
संख्या 50/2017-सीमा िुल्क, ददनांक 30.06.2017 की
प्रजिजष्ट संख्या 356 के अतं गतड लाभ प्राप्त दकया गया हो
2 71 या 98 रजत, दकसी भी रूप म,ें जजसके सम्बन्ध म ें अजधसूचना 750
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 उपिीर् ड 7106 92 के अधीन आन े िाले रजत के अध ड
जिजनर्ममत प्ररूप;
750 प्रजत
3 71 (ii) पदकीय या रजत जसक्के, जजसकी रजत अंतिडस्ट्त ु 99.9 दकलोग्राम
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 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 आभूर्ण या रजत स े बनी िस्ट्तुए ंनहीं ह।ैं
(i) स्ट्िणड बार, तोला बार स े जभन्न, जजस पर जिजनमाडणकताड
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 और स्ट्िणड प्राजप्तयां, डाक, कुररयर या बैगेज के माध्यम स े 575 प्रजत 10 ग्राम
ऐसे माल के आयात से जभन्न।
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 आभूर्ण या
उसके दकसी भाग को स्ट्थान म ें जोड़े रखने के जलए दकया
जाता ह,ै अजभप्रेत ह।ै[भाग II—खण् ड 3(ii)] भारत का राजपत्र : असाधारण 3
सारणी-3
क्रम. स.ं अध य् ाय/िीर्ड/ टैररफ मूल य्
माल का जििरण
उपिीर्/ड टैररफ मद (अमरीकी डालर प्रजत मीररक टन)
(1) (2) (3) (4)
1 080280 सुपारी 5252 (अथाडत कोई पररितडन नहीं)”
2. यह अजधसूचना 1 ददसंबर, 2021 से प्रभािी होगी I
[फा. स.ं 467/01/2021-सीमा िुल्क –V]
बुलो माम,ु अिर सजचि
नोट : मूल अजधसूचना भारत के राजपत्र, असाधारण के भाग-II, खडं -3, उपखंड (ii) म ें अजधसूचना सं. 36/2001-सीमा
िुल् क (ग.ै ट.ै ), ददनांक 3 अगस्ट्त, 2001, का.आ. 748 (अ), ददनांक 3 अगस्ट्त, 2001 के तहत प्रकाजित की गई थी,
तथा यह अंजतम बार अजधसूचना स.ं 91/2021-सीमािुल्क (ग.ै ट.ै ), ददनांक 15 निंबर, 2021, जजसे
का.आ. 4753(अ) ददनांक 15 निंबर, 2021 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 30th November, 2021
No. 95/2021-CUSTOMS (N.T.)
S.O. 4912(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 1307
2 1511 90 10 RBD Palm Oil 1327
3 1511 90 90 Others – Palm Oil 1317
4 1511 10 00 Crude Palmolein 1334
5 1511 90 20 RBD Palmolein 1337
6 1511 90 90 Others – Palmolein 1336
7 1507 10 00 Crude Soya bean Oil 1434
8 7404 00 22 Brass Scrap (all grades) 56914 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
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 98 575 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 98 750 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
3. 71 forms of silver falling under sub-heading 7106 750 per kilogram
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. 575 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.
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 5252(i.e., no change)‖[भाग II—खण् ड 3(ii)] भारत का राजपत्र : असाधारण 5
2. This notification shall come into force with effect from the 1st day of December, 2021.
[F. No. 467/01/2021-Cus-V]
BULLO MAMU, 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. 91/2021-Customs (N.T.), dated the 15th November, 2021, e-published in the Gazette of India,
Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 4753(E), dated 15th November,
2021.
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.