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. It substitutes existing tables with revised tariff values for certain goods, including palm oil, palmolein, soya bean oil, brass scrap, poppy seeds, gold, silver and areca nuts. The notification is effective as of February 9, 2016.
**Key Points / Main Content:**
* **Amendment Authority:** The amendment is made in exercise of powers conferred by subsection 2 of section 14 of the Customs Act, 1962.
* **Table Substitution:** TABLE1, TABLE2, and TABLE3 of the original notification are replaced with new tables specifying tariff values.
* **TABLE 1:**
* Lists tariff values for various types of Palm Oil and Palmolein, Crude Soya bean Oil, Brass Scrap, and Poppy seeds, indicating "no change" in values for the specified items.
* **TABLE 2:**
* Specifies tariff values for Gold and Silver, in any form, in respect of which the benefit of entries at serial number 321 and 323/322 and 324 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed.
* **TABLE 3:**
* Lists tariff value for Areca nuts, indicating "no change".
**Impact Analysis**
* **Importers/Exporters of specified goods:**
* *Impact:* Affected by the revised tariff values for customs duties.
* *Action Required:* Need to take note of the updated tariff values for Palm Oil, Palmolein, Soya bean Oil, Brass Scrap, Poppy seeds, Gold, Silver and Areca nuts and adjust import/export costs and pricing accordingly.
* **Customs Officials:**
* *Impact:* Responsible for enforcing the updated tariff values.
* *Action Required:* Implement the new tariff values when assessing customs duties on the specified goods.
* **Central Board of Excise and Customs:**
* *Impact:* Responsible for monitoring the implementation and impact of the amended notification.
* *Action Required:* Oversee the enforcement of the new tariff values and assess their impact on trade and revenue.
Key Entities Referenced
Customs Act, 1962 : An act of the Indian Parliament to consolidate and amend the law relating to customs.
Central Board of Excise and Customs : A government agency responsible for the administration of indirect taxes in India.
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 of India, where the notification was issued.
Notification No. 36/2001-Customs N.T. : An earlier notification being amended by this document.
Notification No. 12/2012-Customs : A notification referenced for the benefit of entries at serial number 321, 323, 322 and 324.
KSHITENDRA VERMA : The Under Secretary who signed the notification.
See Full Document Text
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MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF EXCISE AND CUSTOMS)
NOTIFICATION No. 23/2016-CUSTOMS (N. T.)
New Delhi, the 9th February, 2016
S.O. 426(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 & 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
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 566 (i.e. no change)
2 1511 90 10 RBD Palm Oil 586 (i.e. no change)
3 1511 90 90 Others – Palm Oil 576 (i.e. no change)
4 1511 10 00 Crude Palmolein 594 (i.e. no change)
5 1511 90 20 RBD Palmolein 597 (i.e. no change)
6 1511 90 90 Others – Palmolein 596 (i.e. no change)
7 1507 10 00 Crude Soya bean Oil 720 (i.e. no change)
8 7404 00 22 Brass Scrap (all grades) 2821 (i.e. no change)
9 1207 91 00 Poppy seeds 2593 (i.e. no change)¹Hkkx IIµ[k.M 3 (ii)º Hkkjr dk jkti=k % vlk/kj.k 3
TABLE-2
Sl. Chapter/ heading/ sub- Description of goods Tariff value
No. 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 of the
71 or 98 388 per 10 grams
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 of the
71 or 98 487 per kilogram
Notification No. 12/2012-Customs dated
17.03.2012 is availed
TABLE-3
Sl. Chapter/ heading/ sub- Description of goods Tariff value
No. heading/tariff item (US $ Per Metric Tonne )
(1) (2) (3) (4)
1 080280 Areca nuts 2558” (i.e. no change)
[F. No. 467/01/2016 -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. 16/2016-Customs (N.T.), dated the 29th January, 2016, e-
published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 265(E), dated
29th January, 2016.
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.