Home India Ministry of Finance In exercise of the powers conferred by sub section (2) of se...
Date: 2025-05-30 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 Indirect Taxes and Customs

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

**Executive Summary:** This notification from the Ministry of Finance amends a previous notification regarding tariff values for imported goods, specifically those defined under the Customs Act of 1962. It substitutes existing tables with updated tariff values for various goods, including palm oil, soybean oil, brass scrap, gold, silver, and areca nuts. The changes take effect on May 31, 2025. **Key Points / Main Content:** * **Amendment Authority:** The Central Board of Indirect Taxes and Customs is issuing the notification under the powers conferred by subsection 2 of section 14 of the Customs Act, 1962. * **Superseded Tables:** TABLE1, TABLE2 and TABLE3 of the Principal Notification are replaced. * **TABLE1: Revised Tariff Values for Oils and Scrap** * Sets new tariff values (US $ per Metric Tonne) for: * Crude Palm Oil, RBD Palm Oil, Others Palm Oil * Crude Palmolein, RBD Palmolein, Others Palmolein * Crude Soya bean Oil * Brass Scrap (all grades) * **TABLE2: Revised Tariff Values for Gold and Silver** * Sets new tariff values (US $ per 10 grams or per kilogram) for: * Gold in any form, under specific notification benefits. * Silver in any form, under specific notification benefits and conditions. * 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 and gold coins having gold content not below 99.5 and gold findings, other than imports of such goods through post, courier or baggage. * **TABLE3: Revised Tariff Values for Areca Nuts** * The tariff value for areca nuts remains unchanged. * **Effective Date:** The notification comes into effect on May 31, 2025. **Impact Analysis** * **Importers:** * *Impact:* Importers of palm oil, soybean oil, brass scrap, gold, silver and areca nuts will be directly affected by the revised tariff values, which will influence their import costs and potentially their pricing strategies. * *Action Required:* Importers need to update their costing models and ensure compliance with the new tariff values for goods cleared on or after May 31, 2025. * **Customs Authorities:** * *Impact:* Customs officials are responsible for enforcing the new tariff values and ensuring accurate assessment of duties on imported goods. * *Action Required:* Customs authorities must update their systems and procedures to reflect the changes and train personnel to correctly apply the new tariff values. * **Consumers:** * *Impact:* Changes in the tariff values for imported goods could potentially affect the prices of related products in the market, ultimately impacting consumers. * *Action Required:* Consumers may indirectly experience price adjustments, but no direct action is required.

Key Entities Referenced

Customs Act, 1962: Refers to the Customs Act, 1962, which grants powers to the Central Board of Indirect Taxes and Customs (CBIC) to make amendments related to tariff values. Central Board of Indirect Taxes and Customs: A government organization responsible for making amendments in the notification related to tariff values. Ministry of Finance, Department of Revenue: The government ministry and department under which the notification is issued. New Delhi: The city where the notification was issued. Megha Bansal: The Under Secretary who signed the notification. Crude Palm Oil: A type of goods for which tariff value is specified in TABLE1. Gold: A type of goods for which tariff value is specified in TABLE2. Areca nuts: A type of goods for which tariff value is specified in TABLE3.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-30052025-263484 CG-DxLx-xEG-I3D0H0x5x2x0 25-263484 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण्ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 2379] नई दिल्ली, िक्रु िार, मई 30, 2025/ज्य ेष्ठ 9, 1947 No. 2379] NEW DELHI, FRIDAY, MAY 30, 2025/JYAISTHA 9, 1947 जित्त मत्रं ालय (रािस्ट्ि जिभाग) (केंद्रीय अप्रत्यक्ष कर एि ंसीमा िल्ु क बोड)ड अजधसचू ना नई दिल्ली, 30 मई, 2025 स.ं 38/2025-सीमा िल्ु क (ग.ैटै.) का.आ. 2438(अ).— सीमा िुल्क अजधजनयम, 1962 (1962 का 52) की धारा 14 की उपधारा (2) द्वारा प्रितत् िजियों का प्रयोग करत े हुए, केंद्रीय अप्रत्यक्ष कर एि ं सीमा िुल्क बोडड, इस बात से संतुष्ट होने पर दक ऐसा करना आिश्यक एि ं समीचीन ह,ै एतद्द्वारा, भारत सरकार, जित्त मंत्रालय (रािस्ट्ि जिभाग) की अजधसूचना स.ं 36/2001-सीमा िुल्क (ग.ै टै.), दिनांक 3 अगस्ट्त, 2001, जिसे का.आ. 748 (अ), दिनांक 3 अगस्ट्त, 2001 के तहत भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) म ेंप्रकाजित दकया गया था, म ेंजनम्नजलजखत संिोधन करता ह,ै अथाडत:् - उि अजधसूचना म,ें सारणी-1, सारणी-2 और सारणी-3 के स्ट्थान पर जनम्नजलजखत सारजणयााँ प्रजतस्ट्थाजपत की िाएाँगी, अथाडत:् - 3573 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] "सारणी-1 क्रम. स.ं अध्याय/िीर्ड/उपिीर्/ड टैररफ मूल्य माल का जििरण टैररफ मि (अमरीकी डालर प्रजत मीररक टन) (1) (2) (3) (4) 1 1511 10 00 कच्चा पॉम ऑयल 965 2 1511 90 10 आर बी डी पॉम ऑयल 1018 3 1511 90 90 अन्य पॉम ऑयल 992 4 1511 10 00 कच्चा पामोजलन 1023 5 1511 90 20 आर बी डी पामोलीन 1026 6 1511 90 90 अन्य पामोलीन 1025 7 1507 10 00 सोयाबीन का कच्चा तेल 1092 8 7404 00 22 पीतल स्ट्क्रैप (सभी ग्रेड) 5483 सारणी-2 क्रम. स.ं अध्याय/िीर्ड/ टैररफ मूल्य उपिीर्/ड टैररफ माल का जििरण (अमरीकी डालर) मि (1) (2) (3) (4) 1 71 या 98 स्ट्िण,ड दकसी भी रूप म,ें जिसके सम्बन्ध म ें अजधसूचना संख्या 50/2017-सीमा िल्ु क, दिनांक 30.06.2017 1067 प्रजत 10 ग्राम की प्रजिजष्ट संख्या 356 के अतं गडत लाभ प्राप्त दकया गया हो 2 71 या 98 रित, दकसी भी रूप म,ें जिसके सम्बन्ध म ेंअजधसूचना संख्या 50/2017-सीमा िल्ु क, दिनांक 30.06.2017 1080 प्रजत दकलोग्राम की प्रजिजष्ट संख्या 357 के अतं गडत लाभ प्राप्त दकया गया हो (i) रित, पिकीय या रित स े जभन्न दकसी सिक्कों भी रूप में, जिसकी रित अंतिडस्ट्त ु 99.9 प्रजतित स े कम नहीं ह ै या उपिीर् ड 7106 92 के अधीन आन े िाले रित के अध ड जिजनर्मडत प्ररूप; 3 71 (ii) पिकीय या रित जिसकी रित सिक्के, 1080 प्रजत दकलोग्राम अंतिडस्ट्त ु99.9 प्रजतित स ेकम नहीं ह ैया डाक, कुररयर या सामान के माध्यम स े ऐसे माल के आयात से जभन्न उपिीर् ड 7106 92 के अधीन आन े िाल े रित के अध ड जिजनर्मडत प्ररूप।[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3 स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोिनों के जलए, दकसी भी प्ररूप म ें रित के अंतगडत जििेिी मुद्रा के , सिक्के रित स ेबने आभूर्ण या रित स े बनी िस्ट्तुए ंनहीं ह।ैं (i) स्ट्िण ड बार, तोला बार से जभन्न, जिस पर जिजनमाडणकताड या ररयाइनर का खुिा हुआ क्रम संख्यांक और जमररक यूजनटों म ें भार अजभव्यि ह;ै 4 71 (ii) स्ट्िण ड सिक्के, जिसमें 99.5 प्रजतित स े अन्यून 1067 प्रजत 10 ग्राम स्ट्िण ड ह,ै और स्ट्िणड प्राजप्तयां, डाक, कुररयर या बैगेि के माध्यम से ऐस े माल के आयात से जभन्न। स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोिन के जलए, "स्ट्िणड प्राजप्तयां" स े कोई छोटा संघटक, िैसे हुक, क्लास्ट्प, क्लैंप, जपन, कैच, स्ट्क्रू बैक, जिसका उपयोग पूण ड आभूर्ण या उसके दकसी भाग को स्ट्थान म ें िोड़े रखने के जलए दकया िाता ह,ै अजभप्रेत ह।ै सारणी-3 क्रम. स.ं अध्याय/िीर्ड/ टैररफ मूल्य उपिीर्/ड टैररफ माल का जििरण (अमरीकी डालर प्रजत मि मीररक टन) (1) (2) (3) (4) 1 6970 (अथाडत कोई 080280 सुपारी पररितडन नहीं)” 2. यह अजधसूचना 31 मई, 2025 से प्रभािी होगी I [फा. स.ं 467/01/2025-सीमा िुल्क.V] मेघा बंसल, अिर सजचि नोट:- मूल अजधसूचना भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) में अजधसूचना स.ं 36/2001- सीमा िुल्क (ग.ैटै.), दिनांक 3 अगस्ट्त, 2001, का.आ. 748 (अ), दिनांक 3 अगस्ट्त, 2001 के तहत प्रकाजित की गई थी, तथा यह अंजतम बार अजधसूचना सं. 34/2025-सीमािुल्क (ग.ैटै.), दिनांक 15 मई 2025, जिसे का.आ. 2198 (अ) दिनांक 15 मई 2025 के तहत भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) म ेंई-प्रकाजित दकया गया था, के द्वारा संिोजधत की गई थीI4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 30th May, 2025 No. 38/2025-CUSTOMS (N.T.) S.O. 2438(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 965 2 1511 90 10 RBD Palm Oil 1018 3 1511 90 90 Others – Palm Oil 992 4 1511 10 00 Crude Palmolein 1023 5 1511 90 20 RBD Palmolein 1026 6 1511 90 90 Others – Palmolein 1025 7 1507 10 00 Crude Soya bean Oil 1092 8 7404 00 22 Brass Scrap (all grades) 5483 TABLE-2 Sl. No. Chapter/ heading/ sub- Description of goods Tariff value heading/tariff item (US $) (1) (2) (3) (4) Gold, in any form, in respect of which the benefit of 71 or 98 entries at serial number 356 of the Notification No. 1067 per 10 grams 1. 50/2017-Customs dated 30.06.2017 is availed Silver, in any form, in respect of which the benefit of 2. 71 or 98 entries at serial number 357 of the Notification No. 1080 per kilogram 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; 3. 71 (ii) Medallions and silver coins having silver 1080 per kilogram content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 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.[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 5 (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% 4. 71 and gold findings, other than imports of such 1067 per 10 grams goods through post, courier or baggage. 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. No. Chapter/ heading/ sub- Description of goods Tariff value heading/tariff item (US $ Per Metric Ton) (1) (2) (3) (4) 1 080280 Areca nuts 6970 (i.e., no change)” 2. This notification shall come into force with effect from the 31st day of May, 2025. [F. No. 467/01/2025-Cus.V] MEGHA BANSAL, 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. 34/2025-Customs (N.T.), dated the 15th May 2025 e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 2198 (E), dated 15th May 2025. 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.

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