Home India Ministry of Finance In exercise of the powers conferred by sub-section (2) of se...
Date: 2015-09-15 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 in the Ministry of Finance (Department of Revenue).

Issued by Ministry of Finance · Department of Revenue

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

Executive Summary: This notification from the Ministry of Finance amends Notification No. 362001Customs N.T., dated August 3, 2001, regarding tariff values. It substitutes new tables specifying tariff values for various goods, including palm oil, soya bean oil, brass scrap, poppy seeds, gold, silver, and areca nuts. The notification is effective as of September 15, 2015. Key Points / Main Content: Amended Notification: • The notification amends the existing Notification No. 362001Customs N.T., dated August 3, 2001. Tariff Value Changes: • TABLE 1: Specifies tariff values (US per Metric Tonne) for: • Crude Palm Oil (508) • RBD Palm Oil (554) • Others Palm Oil (531) • Crude Palmolein (566) • RBD Palmolein (569) • Others Palmolein (568) • Crude Soya bean Oil (696) • Brass Scrap all grades (3126) • Poppy seeds (2464) • TABLE 2: Specifies tariff values for: • Gold: US 71 or 98 per 10 grams, subject to Notification No. 122012Customs dated 17.03.2012 • Silver: US 71 or 98 per kilogram, subject to Notification No. 122012Customs dated 17.03.2012 • TABLE 3: Specifies tariff values (US per Metric Tons) 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 the revised tariff values and adjust pricing and costing strategies accordingly. Customs Officials: Impact: Must implement the new tariff values for assessment and collection of customs duties. Action Required: Update systems and procedures to reflect the new tariff values and ensure accurate application.

Key Entities Referenced

Customs Act, 1962: An act of the Indian Parliament governing customs, referenced for the powers conferred by section 14. Central Board of Excise and Customs: A government organization under the Department of Revenue, Ministry of Finance, responsible for formulating policy concerning levy and collection of customs. Ministry of Finance: A ministry of the Government of India, which this notification is issued from. Department of Revenue: A department within the Ministry of Finance, Government of India. New Delhi: The location where the notification was issued. Crude Palm Oil: A type of Palm Oil whose tarrif value is mentioned in the document RBD Palm Oil: A type of Palm Oil whose tarrif value is mentioned in the document Notification No. 122012Customs: A customs notification, dated 17.03.2012, mentioned in the document
Official Source Record View Original Source →
See Full Document Text
jftLVªh laö Mhö ,yö&33004@99 REGD. NO. D. 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- 1962] ubZ fnYyh] eaxyokj] flrEcj 15] 2015@Hkkæ 24] 1937 No. 1962] NEW DELHI, TUESDAY, SEPTEMBER 15, 2015/BHADRA 24, 1937 ििििवववव(cid:3)(cid:3)(cid:3)(cid:3)तत तत मममम(cid:8)(cid:8)ंं(cid:8)(cid:8)ंं ााााललललयययय ((((ररररााााजजजज(cid:4)(cid:4)(cid:4)(cid:4)वव वव ििििववववभभभभाााागगगग)))) ((((ककककेेेे(cid:9)(cid:9)(cid:9)(cid:9)(cid:10)(cid:10) (cid:10)(cid:10) ीीीीयययय उउउउ(cid:13)(cid:13)(cid:13)(cid:13)पप पप ाााादददद एएएएवववव ंं ंंससससीीीीममममाााा शशशशु(cid:17)ु(cid:17)ु(cid:17)ु(cid:17)कक कक बबबबोोोोडडडड))(cid:21)(cid:21)))(cid:21)(cid:21) अअअअििििधधधधससससचचूूचचूू ननननाााा नई (cid:1)द(cid:3)ल ी, 15 िसत(cid:7) बर, 2015 सससस..ंं..ंं 99992222////2222000011115555----ससससीीीीममममाााा शशशश(cid:3)(cid:3)ुु(cid:3)(cid:3)ुु कक कक ((((गगगगैै..ैै.. टटटटैै..ैै..)))) ककककाााा.... आआआआ.... 2222555500000000((((अअअअ))))....————सीमा श(cid:3)ु क अिधिनयम, 1962 (1962 का 52) क(cid:12) धारा 14 क(cid:12) उपधारा (2) (cid:13)ारा (cid:16)द(cid:17) त शि(cid:20)त य(cid:22) का (cid:16)योग करते (cid:25)ए, के(cid:28)(cid:29) ीय उ(cid:17)प ाद एवं सीमा शु(cid:3)क बोड,! इस बात से संतु$ ट होने पर (cid:1)क ऐसा करना आव( यक एव ं समीचीन ह,ै एत)ारा, भारत सरकार, िव(cid:17)त मं+ालय (राज- व िवभाग) क(cid:12) अिधसूचना सं. 36/2001-सीमा शु(cid:3)क (गै. टै.), (cid:1)दनाकं 3 अग-त, 2001, िजस े का. आ. 748(अ), (cid:1)दनाकं 3 अग-त, 2001 के तहत (cid:16)कािशत (cid:1)कया गया था म0 िन(cid:7) निलिखत संशोधन करता ह,ै अथा!त्:— उ(cid:20)त अिधसूचना म,0 सारणी-1, सारणी-2 और सारणी-3 के -थान पर िन3िलिखत सारिणया ँ (cid:16)ित-थािपत क(cid:12) जाएँगी, अथा!त:्— """"ससससााााररररणणणणीीीी----1111 (cid:1)म. सं. अ(cid:4)य ाय/शीष(cid:11)/उपशीष(cid:11)/ टै(cid:16)रफ मू(cid:20) य अमरीक(cid:22) डालर टै(cid:16)रफ मद माल का िववरण ((cid:23)ित मी(cid:16)(cid:26)क टन) (1) (2) (3) (4) 1. 1511 10 00 क(cid:27) चा पॉम ऑयल 508 2. 1511 90 10 आर बी डी पॉम ऑयल 554 3. 1511 90 90 अ(cid:29)य पॉम ऑयल 531 3909 GI/2015 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 4. 1511 10 00 क(cid:27) चा पामोिलन 566 5. 1511 90 20 आर बी डी पामोलीन 569 6. 1511 90 90 अ(cid:29)य पामोलीन 568 7. 1507 10 00 सोयाबीन का क(cid:27) चा तेल 696 8. 7404 00 22 पीतल (cid:30) (cid:1)ेप (सभी ेड) 3126 9. 1207 91 00 पो(cid:30)त बीज 2464 ससससााााररररणणणणीीीी----2222 (cid:1)म. अ(cid:4)य ाय/शीष(cid:11)/ उपशीष(cid:11)/ सं. टै(cid:16)रफ मद टै(cid:16)रफ मू(cid:20) य माल का िववरण अमरीक(cid:22) डालर (1) (2) (3) (4) 1. 71 या 98 (cid:30)वण(cid:11), %कसी भी ’प म(, िजसके स)ब(cid:29)ध म( 359 (cid:23)ित 10 ाम अिधसूचना सं-या 12/2012-सीमा शु(cid:20)क, %दनांक 17.03.2012 क(cid:22) (cid:23)िवि1 सं-या 321 और 323 के अंतग(cid:11)त लाभ (cid:23)ा3 %कया गया हो 2. 71 या 98 रजत, %कसी भी ’प म(, िजसके स)ब(cid:29)ध म( 470 (cid:23)ित %कलो ाम अिधसूचना सं-या 12/2012-सीमा शु(cid:20)क, %दनांक 17.03.2012 क(cid:22) (cid:23)िवि1 सं-या 322 और 324 के अंतग(cid:11)त लाभ (cid:23)ा3 %कया गया हो सारणी-3 (cid:1)म. अ(cid:4)य ाय/शीष(cid:11)/ उपशीष(cid:11)/ सं. टै(cid:16)रफ मद टै(cid:16)रफ मू(cid:20) य माल का िववरण अमरीक(cid:22) डालर ((cid:23)ित मी(cid:16)(cid:26)क टन) (1) (2) (3) (4) 1. 080280 सुपारी 2452” [फा. सं. 467/1/2015 -सीमा शु(cid:3)क –V] ि5त0(cid:29) वमा,! अवर सिचव ननननोोोोटटटट::::---- मूल अिधसूचना भारत के राजप+, असाधारण के भाग- II, खंड-3, उपखंड (ii) म 0 अिधसचू ना सं. 36/2001-सीमा-शु(cid:3)क (गै. टै.), (cid:1)दनाकं 3 अग-त, 2001, का.आ. 748(अ), (cid:1)दनाकं 3 अग-त, 2001 के तहत (cid:16)कािशत क(cid:12) गई थी, तथा यह अंितम बार अिधसूचना स.ं 83/2015-सीमा शु(cid:3)क (गै. टै.), (cid:1)दनाकं 31 अग-त 2015, िजस े का.आ. 2387(अ), (cid:1)दनाकं 31 अग-त, 2015 के तहत भारत के राजप+, असाधारण के भाग- , खंड-3, उपखंड (ii) म 0 (cid:16)कािशत (cid:1)कया गया था, के (cid:13)ारा संशोिधत II क(cid:12) गई थी।¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 3 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF EXCISE AND CUSTOMS) NOTIFICATION New Delhi, the 15th September, 2015 No. 92/2015-CUSTOMS (N. T.) S.O. 2500(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. Chapter/heading/ Tariff value US $ Description of goods No. Sub-heading/tariff item (Per Metric Tonne) (1) (2) (3) (4) 1. 1511 10 00 Crude Palm Oil 508 2. 1511 90 10 RBD Palm Oil 554 3. 1511 90 90 Others – Palm Oil 531 4. 1511 10 00 Crude Palmolein 566 5. 1511 90 20 RBD Palmolein 569 6. 1511 90 90 Others – Palmolein 568 7. 1507 10 00 Crude Soya bean Oil 696 8. 7404 00 22 Brass Scrap (all grades) 3126 9. 1207 91 00 Poppy seeds 2464 TABLE-2 Sl. Chapter/heading/ Description of goods Tariff value No. Sub-heading/tariff item (US $) (1) (2) (3) (4) 1. Gold, in any form, in respect of which the benefit of entries at serial number 321 and 323 71 or 98 359 per 10 grams of the Notification No. 12/2012-Customs dated 17.03.2012 is availed 2. Silver, in any form, in respect of which the benefit of entries at serial number 322 and 324 71 or 98 470 per kilogram of the Notification No. 12/2012-Customs dated 17.03.2012 is availed TABLE-3 Sl. Chapter/heading/ Description of goods Tariff value No. sub-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.4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 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. 83/2015-Customs (N.T.), dated the 31st August, 2015, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 2387(E), dated 31st August, 2015. Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

Continue your research