Executive Summary:
This notification from the Ministry of Finance, Department of Revenue, amends Notification No. 362001-Customs N.T., dated August 3, 2001, regarding tariff values. It substitutes new tables for TABLE1, TABLE2, and TABLE3, specifying revised tariff values for various goods. The notification is effective as of November 15, 2016.
Key Points / Main Content:
Revised Tariff Values:
* TABLE1 provides tariff values for various Palm Oils and Soya bean oil, Brass Scrap and Poppy seeds.
* Crude Palm Oil: $739 US per Metric Tonne.
* RBD Palm Oil: $744 US per Metric Tonne.
* Others Palm Oil: $742 US per Metric Tonne.
* Crude Palmolein: $747 US per Metric Tonne.
* RBD Palmolein: $750 US per Metric Tonne.
* Others Palmolein: $749 US per Metric Tonne.
* Crude Soya bean Oil: $866 US per Metric Tonne.
* Brass Scrap all grades: $3017 US per Metric Tonne.
* Poppy seeds: $2533 US per Metric Tonne.
* TABLE 2 specifies tariff values for Gold and Silver.
* Gold: $71 or $98 or $394 per 10 grams (benefit of Notification No. 12/2012-Customs dated 17.03.2012 is availed)
* Silver: $71 or $98 or $563 per kilogram (benefit of Notification No. 12/2012-Customs dated 17.03.2012 is availed)
* TABLE 3 lists the tariff value for Areca nuts.
* Areca nuts: $2621 US per Metric Tonne.
Impact Analysis:
Importers and Exporters:
* Impact: Changes in tariff values will directly affect the cost of importing and exporting goods.
* Action Required: Need to update financial models and pricing strategies based on the new tariff values.
Customs Officials:
* Impact: Required to enforce the new tariff values during customs clearance.
* Action Required: Update systems and procedures to reflect the amended notification.
Businesses dealing with Gold and Silver:
* Impact: Changes in tariff values will directly affect the cost of importing and exporting.
* Action Required: Need to update financial models and pricing strategies based on the new tariff values.
Key Entities Referenced
Customs Act, 1962: The Act of the Parliament of India that consolidates the law relating to customs duties.
Central Board of Excise and Customs: A government agency responsible for the administration of indirect taxes in India, now known as Central Board of Indirect Taxes and Customs (CBIC).
Ministry of Finance: A ministry within the Government of India responsible for the country's finances.
Department of Revenue: A department under the Ministry of Finance, Government of India.
New Delhi: The capital of India and the location where the notification was issued.
Crude Palm Oil: A type of Palm Oil listed with tariff value in TABLE1.
RBD Palm Oil: A type of Palm Oil listed with tariff value in TABLE1.
Notification No. 122012Customs dated 17.03.2012: A customs notification that provides benefit of entries at serial number 321 and 323 for Gold and 322 and 324 for Silver.
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िव(cid:7004)त म(cid:7074)ं ालय
(राज(cid:7021) व िवभाग)
(के(cid:7008)(cid:7076) ीय उ(cid:7004)प ाद एव ंसीमा श(cid:7016)ु क बोड(cid:6981))
अिधसचू ना
नई (cid:7408)द(cid:7016)ल ी, 15 नव(cid:7013)बर, 2016
स.ं 137/2016-सीमा श(cid:7016)ु क (ग.ैटै.)
का.आ. 3450(अ).—सीमा श(cid:7016)ु क अिधिनयम, 1962 (1962 का 52) क(cid:7409) धारा 14 क(cid:7409) उपधारा (2) (cid:7367)ारा (cid:7079)द(cid:7004)त
शि(cid:6989)त य(cid:7298) का (cid:7079)योग करत े (cid:7263)ए, के(cid:7008) (cid:7076)ीय उ(cid:7004)प ाद एवं सीमा शु(cid:7016)क बोड,(cid:6981) इस बात से संतु(cid:7020)ट होने पर (cid:7408)क ऐसा करना आव(cid:7019)य क एवं
समीचीन ह,ै एत(cid:7375)ारा, भारत सरकार, िव(cid:7004) त मं(cid:7074)ालय (राज(cid:7021)व िवभाग) क(cid:7409) अिधसूचना स.ं 36/2001-सीमा श(cid:7016)ु क (गै. टै.),
(cid:7408)दनाकं 3 अग(cid:7021)त, 2001, िजस ेका.आ. 748 (अ), (cid:7408)दनांक 3 अग(cid:7021)त, 2001 के तहत (cid:7079)कािशत (cid:7408)कया गया था, म (cid:7286)िन(cid:7013)न िलिखत
संशोधन करता ह,ै अथा(cid:6981)त्:-
उ(cid:6989) त अिधसूचना म(cid:7286), सारणी-1, सारणी-2 और सारणी-3 के (cid:7021)थान पर िन(cid:7388)िलिखत सारिणया ँ (cid:7079)ित(cid:7021)थािपत क(cid:7409)
जाएँगी, अथा(cid:6981)त:्-
"सारणी-1
(cid:7059)म. सं. अ(cid:7007) याय/शीष(cid:6981)/उपशीष(cid:6981)/ टै(cid:7407)रफ मू(cid:7016)य (अमरीक(cid:7409)
माल का िववरण
टै(cid:7407)रफ मद डालर (cid:7079)ित मी(cid:7407)(cid:7069)क टन)
(1) (2) (3) (4)
1 1511 10 00 क(cid:6994)च ा पॉम ऑयल 739
2 1511 90 10 आर बी डी पॉम ऑयल 744
5282 GI/2016 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
3 1511 90 90 अ(cid:7008)य पॉम ऑयल 742
4 1511 10 00 क(cid:6994)च ा पामोिलन 747
5 1511 90 20 आर बी डी पामोलीन 750
6 1511 90 90 अ(cid:7008)य पामोलीन 749
7 1507 10 00 सोयाबीन का क(cid:6994)च ा तले 866
8 7404 00 22 पीतल (cid:7021)(cid:7059) ेप (सभी (cid:7061)ेड) 3017
9 1207 91 00 पो(cid:7021)त बीज 2533
सारणी-2
(cid:7059)म. सं. अ(cid:7007) याय/शीष(cid:6981)/ टै(cid:7407)रफ मू(cid:7016)य
माल का िववरण
उपशीष/(cid:6981) टै(cid:7407)रफ मद
(अमरीक(cid:7409) डालर)
(1) (2) (3) (4)
1 71 या 98 (cid:7021)वण(cid:6981), (cid:7408)कसी भी (cid:7272)प म,(cid:7286) िजसके स(cid:7013)ब(cid:7008)ध म(cid:7286) अिधसूचना 394 (cid:7079)ित 10
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हो
2 71 या 98 रजत, (cid:7408)कसी भी (cid:7272)प म,(cid:7286) िजसके स(cid:7013)ब(cid:7008)ध म (cid:7286) अिधसूचना 563 (cid:7079)ित
स(cid:6990)ं या 12/2012-सीमा श(cid:7016)ु क, (cid:7408)दनाकं 17.03.2012 क(cid:7409) (cid:7408)कलो(cid:7061)ाम
(cid:7079)िवि(cid:7397) स(cid:6990)ं या 322 और 324 के अतं ग(cid:6981)त लाभ (cid:7079)ा(cid:7385) (cid:7408)कया गया
हो
सारणी-3
(cid:7059)म. सं. अ(cid:7007) याय/शीष(cid:6981)/ टै(cid:7407)रफ मू(cid:7016)य
उपशीष/(cid:6981) टै(cid:7407)रफ मद माल का िववरण (अमरीक(cid:7409) डालर (cid:7079)ित
मी(cid:7407)(cid:7069)क टन)
(1) (2) (3) (4)
1 080280 सुपारी 2621”
[फा. स.ं 467/1/2016-सीमा शु(cid:7016)क –V]
ि(cid:6979)त(cid:7286)(cid:7076) वमा,(cid:6981) अवर सिचव
नोट:- मूल अिधसूचना भारत के राजप(cid:7074), असाधारण के भाग-II, खंड-3, उपखंड (ii) म(cid:7286) अिधसूचना स.ं 36/2001-सीमा श(cid:7016)ु क
(गै.टै.), (cid:7408)दनांक 3 अग(cid:7021)त, 2001, का.आ.748 (अ), (cid:7408)दनाकं 3 अग(cid:7021)त, 2001 के तहत (cid:7079)कािशत क(cid:7409) गई थी, तथा यह
अंितम बार अिधसूचना स.ं 133/2016-सीमाशु(cid:7016)क (गै.टै.), (cid:7408)दनाकं 31 अ(cid:6989)टूबर, 2016, िजस ेका.आ. 3351(अ) (cid:7408)दनांक
31 अ(cid:6989)टूबर, 2016 के तहत भारत के राजप(cid:7074), असाधारण के भाग-II, खंड-3, उपखंड (ii) म (cid:7286) ई-(cid:7079)कािशत (cid:7408)कया गया
था, के (cid:7367)ारा संशोिधत क(cid:7409) गई थीI¹Hkkx 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 November, 2016
No. 137/2016-CUSTOMS (N.T.)
S.O. 3450(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 (US $Per
Sl. No. Description of goods
heading/tariff item Metric Tonne)
(1) (2) (3) (4)
1 1511 10 00 Crude Palm Oil 739
2 1511 90 10 RBD Palm Oil 744
3 1511 90 90 Others – Palm Oil 742
4 1511 10 00 Crude Palmolein 747
5 1511 90 20 RBD Palmolein 750
6 1511 90 90 Others – Palmolein 749
7 1507 10 00 Crude Soya bean Oil 866
8 7404 00 22 Brass Scrap (all grades) 3017
9 1207 91 00 Poppy seeds 2533
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
71 or 98 394 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 98 563 per kilogram
of the 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 2621”
[F. No. 467/01/2016 -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. 133/2016-Customs (N.T.), dated the 31st October, 2016, e-published in the Gazette of India,
Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 3351(E), dated 31st October,
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.