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Date: 31-Mar-2023 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, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments in the notification of the Government of India

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • The notification No. 20/2023-Customs (N.T.) issued by the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs, amends Notification No. 36/2001-Customs (N.T.) to update tariff values for various goods. These changes are made under the authority of Section 14(2) of the Customs Act, 1962.
  • The notification revises the tariff values for items listed in TABLE-1, TABLE-2 and TABLE-3, which include crude palm oil, RBD palm oil, other palm oils, crude palmolein, RBD palmolein, other palmolein, crude soybean oil, brass scrap, gold, silver and areca nuts.
  • The updated tariff values are effective from April 1, 2023.

Key Changes

  • Crude Palm Oil: Tariff value increased to $984 per metric tonne.
  • RBD Palm Oil: Tariff value increased to $1009 per metric tonne.
  • Other Palm Oil: Tariff value increased to $1002 per metric tonne.
  • Crude Palmolein: Tariff value increased to $1020 per metric tonne.
  • RBD Palmolein: Tariff value increased to $1023 per metric tonne.
  • Other Palmolein: Tariff value increased to $1022 per metric tonne.
  • Crude Soybean Oil: Tariff value increased to $1096 per metric tonne.
  • Brass Scrap (all grades): Tariff value increased to $5077 per metric tonne.
  • Gold: Tariff value remains at $633 per 10 grams for items where Notification No. 50/2017-Customs dated 30.06.2017 is availed.
  • Silver: Tariff value remains at $770 per kilogram for items where Notification No. 50/2017-Customs dated 30.06.2017 is availed.
  • Areca nuts: Tariff value remains unchanged at $14026 per metric tonne.

Impact Analysis

Importers

  • Contract Renegotiation: Importers with existing contracts may need to renegotiate terms to account for the increased costs.

Consumers

  • Inflationary Pressure: The increased tariff values could contribute to overall inflationary pressure in the economy.

Exporters

  • Brass Scrap Exports: Exporters dealing with brass scrap may see changes in demand based on the revised tariff values.

Action Items for Stakeholders

  • Government: Monitor the impact of the revised tariff values on inflation and consumer prices, and consider measures to support affected industries if necessary.

Key Entities Referenced

Central Board of Indirect Taxes and Customs (CBIC): The CBIC is responsible for formulating policies concerning levy and collection of customs duties, central excise duties, and service tax. It is a part of the Department of Revenue under the Ministry of Finance. Ministry of Finance, Department of Revenue: The Department of Revenue is responsible for all matters relating to direct and indirect taxes. Customs Act, 1962: The Customs Act, 1962 governs the levy of customs duties, import and export procedures, and related matters. Notification No. 36/2001-Customs (N.T.): The original notification that is being amended by this notification. It establishes tariff values for imported goods. Notification No. 50/2017-Customs: Notification providing benefits related to gold and silver imports.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-31032023-244827 xxxGIDHxxx CG-DL-E-31032023-244827 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 1501] नई दिल्ली, िुक्रिार, माचड 31, 2023/चत्रै 10, 1945 No. 1501] NEW DELHI, FRIDAY, MARCH 31, 2023/CHAITRA 10, 1945 जित्त मत्रं ालय (रािस्ट्ि जिभाग) (केंद्रीय अप्रत्यक्ष कर एि ं सीमा िल्ु क बोडड) अजधसचू ना नई दिल्ली, 31 माच,ड 2023 स.ं 20/2023-सीमा िल्ु क (ग.ैटै.) का.आ. 1562(अ).— सीमा िुल्क अजधजनयम, 1962 (1962 का 52) की धारा 14 की उपधारा (2) द्वारा प्रित् त िजियों का प्रयोग करते हुए, केंद्रीय अप्रत्यक्ष कर एि ं सीमा िुल्क बोडड, इस बात स े 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.ै ट.ै ), 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:्- उक्त अजधसूचना म,ें सारणी-1, सारणी-2 और सारणी-3 के स्ट्थान पर जनम्नजलजखत सारजणयााँ प्रजतस्ट्थाजपत की िाएाँगी, अथाडत:्- "सारणी-1 क्रम. स.ं अध् याय/िीर्ड/उपिीर्/ड टैररफ मूल् य माल का जििरण टैररफ मि (अमरीकी डालर प्रजत मीररक टन) (1) (2) (3) (4) 1 1511 10 00 कच्चा पॉम ऑयल 984 2 1511 90 10 आर बी डी पॉम ऑयल 1009 2187 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 3 1511 90 90 अन् य पॉम ऑयल 1002 4 1511 10 00 कच्चा पामोजलन 1020 5 1511 90 20 आर बी डी पामोलीन 1023 6 1511 90 90 अन्य पामोलीन 1022 7 1507 10 00 सोयाबीन का कच् चा तेल 1096 8 7404 00 22 पीतल स्ट् क्रेप (सभी ग्रेड) 5077 सारणी-2 क्रम. स.ं अध् याय/िीर्ड/ टैररफ मूल् य माल का जििरण उपिीर्/ड टैररफ मि (अमरीकी डालर) (1) (2) (3) (4) 1 71 या 98 स्ट्िण,ड दकसी भी रूप में, जिसके सम्बन्ध म ेंअजधसूचना संख्या 50/2017-सीमा िुल्क, दिनांक 30.06.2017 की 633 प्रजत 10 ग्राम प्रजिजष्ट संख्या 356 के अंतगतड लाभ प्राप्त दकया गया हो 2 71 या 98 रित, दकसी भी रूप म,ें जिसके सम्बन्ध म ें अजधसूचना संख्या 50/2017-सीमा िुल्क, दिनांक 30.06.2017 की 770 प्रजत प्रजिजष्ट संख्या 357 के अंतगतड लाभ प्राप्त दकया गया हो दकलोग्राम (i) रित, पिकीय या रित जसक्कों से जभन्न दकसी भी रूप में, जिसकी रित अतं िडस्ट्त ु 99.9 प्रजतित स े कम नहीं ह ै या उपिीर्ड 7106 92 के अधीन आन े िाले रित के अध ड जिजनर्मडत प्ररूप; 3 71 (ii) पिकीय या रित जसक्के, जिसकी रित अंतिस्ट्ड तु 99.9 770 प्रजत प्रजतित स े कम नहीं ह ै या डाक, कुररयर या सामान के दकलोग्राम माध्यम से ऐसे माल के आयात से जभन्न उपिीर्ड 7106 92 के अधीन आने िाल ेरित के अधड जिजनर्मडत प्ररूप। स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोिनों के जलए, दकसी भी प्ररूप म ें रित के अंतगडत जििेिी मुद्रा के जसक्के, रित से बन े आभूर्ण या रित से बनी िस्ट्तएु ं नहीं ह।ैं (i) स्ट्िण ड बार, तोला बार से जभन्न, जिस पर जिजनमाडणकता ड या ररयाइनर का खुिा हुआ क्रम संख्यांक और जमररक यूजनटों में भार अजभव्यि ह;ै (ii) स्ट्िणड जसक्के, जिसमें 99.5 प्रजतित से अन्यून स्ट्िणड ह,ै 633 प्रजत 10 ग्राम और स्ट्िणड प्राजप्तयां, डाक, कुररयर या बैगेि के माध्यम स े 4 71 ऐसे माल के आयात से जभन्न।[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3 स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोिन के जलए, "स्ट्िण ड प्राजप्तयां" से कोई छोटा संघटक, िैसे हुक, क्लास्ट्प, क्लैंप, जपन, कैच, स्ट्क्रू बैक, जिसका उपयोग पणू ड आभूर्ण या उसके दकसी भाग को स्ट्थान में िोड़े रखने के जलए दकया िाता ह,ै अजभप्रेत ह।ै सारणी-3 क्रम. स.ं अध् याय/िीर्ड/ टैररफ मूल् य उपिीर्/ड टैररफ माल का जििरण (अमरीकी डालर मि प्रजत मीररक टन) (1) (2) (3) (4) 1 14026 (अथाडत कोई 080280 सुपारी पररितडन नहीं)” 2. यह अजधसूचना 01 अप्रैल, 2023 से प्रभािी होगी I [फा. सं. 467/01/2023-सीमा िुल्क.V] हरीि कुमार, अिर सजचि नोट:- मूल अजधसूचना भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) में अजधसूचना स.ं 36/2001- सीमा िुल् क (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. 14/2023-सीमािुल्क (ग.ैटै.), दिनांक 15 माचड 2023, जिसे का.आ. 1237 (अ) दिनांक 15 माच ड 2023 के तहत भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) में ई-प्रकाजित दकया गया था, के द्वारा संिोजधत की गई थीI MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 31st March, 2023 No. 20/2023-CUSTOMS (N.T.) S.O. 1562(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 984 2 1511 90 10 RBD Palm Oil 10094 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 3 1511 90 90 Others – Palm Oil 1002 4 1511 10 00 Crude Palmolein 1020 5 1511 90 20 RBD Palmolein 1023 6 1511 90 90 Others – Palmolein 1022 7 1507 10 00 Crude Soya bean Oil 1096 8 7404 00 22 Brass Scrap (all grades) 5077 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. 633 per 10 grams 1. 50/2017-Customs dated 30.06.2017 is availed Silver, in any form, in respect of which the benefit of 71 or 98 entries at serial number 357 of the Notification No. 770 per kilogram 2. 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; (ii) Medallions and silver coins having silver 3. content not below 99.9% or semi-manufactured 71 forms of silver falling under sub-heading 7106 92, 770 per kilogram 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. (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% and gold findings, other than imports of such goods 633 per 10 grams 71 through post, courier or baggage. 4. 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.[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 5 TABLE-3 Sl. No. Chapter/ heading/ sub- Description of goods Tariff value heading/tariff item (US $ Per Metric Tonne) (1) (2) (3) (4) 1 080280 Areca nuts 14026 (i.e., no change)” 2. This notification shall come into force with effect from the 01st day of April, 2023. [F. No. 467/01/2023-Cus.V] HARISH KUMAR, 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. 14/2023-Customs (N.T.), dated the 15th March, 2023, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 1237(E), dated 15th March, 2023. 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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