Home India Ministry of Finance In exercise of the powers conferred by sub-section (2) of Se...
Date: 2015-09-30 Category: Extra Ordinary State: Union Government Country: India

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 Excise and Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Govt., of India

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

Executive Summary: This notification issued by the Central Board of Excise and Customs amends Notification No. 36/2001-Customs N.T., dated August 3, 2001, by substituting existing tables with revised tariff values for various goods. The notification is effective from September 30, 2015. It specifies tariff values in US dollars for items including palm oil, palmolein, soyabean oil, brass scrap, poppy seeds, gold, silver and areca nuts. Key Points / Main Content: Revised Tariff Values: * Table 1 substitutes tariff values per metric ton for: * Crude Palm Oil: $531 * RBD Palm Oil: $573 * Other Palm Oil: $552 * Crude Palmolein: $586 * RBD Palmolein: $589 * Other Palmolein: $588 * Crude Soyabean Oil: $684 * Brass Scrap (all grades): $3095 * Poppy Seeds: $2464 * Table 2 substitutes tariff values for: * Gold (in any form, benefiting from Notification No. 12/2012-Customs entries 321 & 323): $368 per 10 grams * Silver (in any form, benefiting from Notification No. 12/2012-Customs entries 322 & 324): $474 per kilogram * Table 3 substitutes tariff values per metric ton for: * Areca nuts: $2452 Impact Analysis: Importers/Exporters: * Impact: Changes in tariff values will directly affect the cost of importing and exporting goods listed in the tables, potentially impacting profitability and trade volumes. * Action Required: Review and adjust pricing and costing models to reflect the new tariff values. Ensure compliance with the updated customs regulations. Customs Brokers/Agents: * Impact: Need to be aware of the revised tariff values to accurately calculate duties and taxes for import/export declarations. * Action Required: Update systems and processes to incorporate the new tariff values. Inform clients about the changes and their implications. Customs Officials: * Impact: Responsible for enforcing the updated tariff values and ensuring correct duty assessment. * Action Required: Implement the new tariff values in customs assessment procedures. Provide guidance to importers/exporters and customs brokers as needed.

Key Entities Referenced

Central Board of Excise and Customs: A government agency responsible for the administration of excise and customs duties in India. Customs Act, 1962: An act of the Parliament of India to consolidate and amend the law relating to customs. Ministry of Finance, Department of Revenue: The department within the Ministry of Finance responsible for revenue collection and tax administration in India. Notification No. 36/2001-Customs N.T.: A notification issued by the Department of Revenue, Ministry of Finance, related to customs duties, dated 3rd August 2001. Notification No. 12/2012-Customs: A notification related to customs duties, with specific serial numbers 321, 323, 322 and 324. Notification No. 92/2015-Customs N.T.: A notification issued by the Department of Revenue, Ministry of Finance, related to customs duties, dated 15th September 2015. New Delhi: The capital of India, where the notification was issued. Kshitendra Verma: Under Secretary in the Government of India, Ministry of Finance, Department of Revenue.
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L.-33004/99 vlk/kj.k EXTRAORDINARY Hkkx II—[k.M 3—mi&[k.M (ii) PART II—Section 3—Sub-section (ii) izkf/dkj ls izdkf'kr PUBLISHED BY AUTHORITY la- 2117] ubZ fnYyh] cq/okj] flrEcj 30] 2015@vkf'ou 8] 1937 No. 2117] NEW DELHI, WEDNESDAY, SEPTEMBER 30, 2015/ASVINA 8, 1937 foÙk ea=kky; (jktLo foHkkx) (dsUæh; mRikn ,oa lhek&'kqYd cksMZ) vf/lwpuk ubZ fnYyh] 30 flrEcj] 2015 la- 96@2015&lhek&'kqYd (x-S V-S) dk-vk- 2674(v)-—lhek&'kqYd vf/fu;e] 1962 (1962 dk 52) dh /kjk 14 dh mi&/kjk (2) }kjk çnÙk 'kfDr;ksa dk ç;ksx djrs gq,] dsUæh; mRikn ,oa lhek&'kqYd cksMZ] bl ckr ls larq"V gksus ij fd ,slk djuk vko';d ,oa lehphu gS] ,rn~}kjk] Hkkjr ljdkj] foÙk ea=kky; (jktLo foHkkx) dh vf/lwpuk la- 36@2001&lhek&'kqYd (xS- VS-)] fnukad 3 vxLr] 2001] ftls dk-vk- 748(v)] fnukad 3 vxLr] 2001 ds rgr izdkf'kr fd;k x;k Fkk esa fuEufyf[kr la'kks/u djrk gS] vFkkZr~ %— mDr vf/lwpuk esa] lkj.kh&1] lkj.kh&2 vkSj lkj.kh&3 ds LFkku ij fuEufyf[kr lkjf.k;k¡ çfrLFkkfir dh tk,axh] vFkkZr~ %— ¶lkj.kh&1 Øe la- vè;k;@'kh"k@Zmi&'kh"k@Z eky dk fooj.k VSfjiQ ewY; vejhdh Mkyj VSfjiQ en (çfr ehfVªd Vu) (1) (2) (3) (4) 1- 1511 10 00 dPpk ikWe vkW;y 531 2- 1511 90 10 vkj ch Mh ikWe vkW;y 573 3- 1511 90 90 vU; ikWe vkW;y 552 — 4- 1511 10 00 dPpk ikeksfyu 586 5- 1511 90 20 vkj ch Mh ikeksyhu 589 6- 1511 90 90 vU; ikeksyhu 588 — 7- 1507 10 00 lks;kchu dk dPpk rsy 684 8- 7404 00 22 ihry LØsi (lHkh xzsM) 3095 9- 1207 91 00 iksLr cht 2464 4159 GI/2015 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] lkj.kh&2 Øe la- vè;k;@'kh"k@Zmi&'kh"k@Z eky dk fooj.k VSfjiQ ewY; VSfjiQ en (vejhdh Mkyj) (1) (2) (3) (4) 1- 71 ;k 98 Lo.k]Z fdlh Hkh :i e]as ftld slEcU/ e asvf/lpw uk l[a ;k 12@2012& 368 izfr 10 xzke lhek&'kYq d] fnukda 17&3&2012 dh ifzof"V l[a ;k 321 vkjS 323 ds varxZr ykHk çkIr fd;k x;k gks 2- 71 ;k 98 jtr] fdlh Hkh :i e]as ftld s lEcU/ e asvf/lpw uk l[a ;k 12@2012& 474 izfr fdyksxzke lhek&'kYq d] fnukda 17&3&2012 dh ifzof"V l[a ;k 322 vkjS 324 ds varxZr ykHk çkIr fd;k x;k gks lkj.kh&3 Øe la- vè;k;@'kh"k@Zmi&'kh"k@Z eky dk fooj.k VSfjiQ ewY; vejhdh Mkyj VSfjiQ en (izfr ehfVªd Vu) (1) (2) (3) (4) 1- 080280 liq kjh 2452¸ ¹iQk- l-a 467@01@2015&lhek&'kYq d&V º f{krsanz oekZ] voj lfpo uksV %—eyw vf/lpw uk Hkkjr d sjkti=k] vlk/kj.k d sHkkx II, [kMa 3] mi&[kMa (ii) e asvf/lpw uk l-a 36@2001&lhek&'kYq d (x-S V-S)] fnukad 3 vxLr] 2001] dk-vk- 748(v)] fnukad 3 vxLr] 2001 ds rgr çdkf'kr dh xbZ Fkh rFkk ;g vafre ckj vf/lwpuk la- 92@2015&lhek&'kqYd (xS- VS-)] fnukad 15 flrEcj] 2015] ftls dk-vk- 2500(v)] fnukad 15 flrEcj] 2015 ds rgr Hkkjr ds jkti=k] vlk/kj.k d s Hkkx II, [kMa 3] mi&[kMa (ii) ea s çdkf'kr fd;k x;k Fkk] ds }kjk la'kksf/r dh xbZ Fkh A MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF EXCISE AND CUSTOMS) NOTIFICATION New Delhi, the 30th September, 2015 No. 96/2015-CUSTOMS (N.T.) S.O. 2674(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 Excise and Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment 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 Sl. No. Chapter/heading/sub- Description of goods Tariff value US $ heading/tariff item (Per Metric Tonne) (1) (2) (3) (4) 1. 1511 10 00 Crude Palm Oil 531 2. 1511 90 10 RBD Palm Oil 573 3. 1511 90 90 Others—Palm Oil 552 4. 1511 10 00 Crude Palmolein 586 5. 1511 90 20 RBD Palmolein 589¹Hkkx II—[kMa 3(ii)] Hkkjr dk jkti=k % vlk/kj.k 3 (1) (2) (3) (4) 6. 1511 90 90 Others—Palmolein 588 7. 1507 10 00 Crude Soyabean Oil 684 8. 7404 00 22 Brass Scrap (all grades) 3095 9. 1207 91 00 Poppy Seeds 2464 TABLE-2 Sl. No. Chapter/heading/sub- Description of goods Tariff value heading/tariff item (US $) (1) (2) (3) (4) 1. 71 or 98 Gold, in any form, in respect of which the benefit of 368 per 10 grams entries at serial number 321 and 323 of the Notification No. 12/2012-Customs, dated 17-3-2012 is availed 2. 71 or 98 Silver, in any form, in respect of which the benefit of 474 per kilogram entries at serial number 322 and 324 of the Notification No. 12/2012-Customs, dated 17-3-2012 is availed TABLE-3 Sl. No. Chapter/heading/sub- Description of goods Tariff value heading/tariff item (US $ Per Metric Tons) (1) (2) (3) (4) 1. 080280 Areca nuts 2452 ” [F. No. 467/01/2015-Cus.-V ], KSHITENDRA VERMA, 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. 92/2015-Customs (N.T.), dated the 15th September, 2015 , published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide number S.O. 2500(E), dated the 15th September, 2015. Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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