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Date: 15-Feb-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 in the Ministry of Finance

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • The notification No. 09/2023-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.) dated August 3, 2001. The amendment substitutes TABLE-1, TABLE-2, and TABLE-3 of the original notification with updated tables specifying tariff values for various goods.
  • The notification revises the tariff values for items including crude palm oil, RBD palm oil, other palm oil, crude palmolein, RBD palmolein, other palmolein, crude soybean oil, brass scrap, gold, silver and areca nuts.
  • The updated tariff values are expressed in US dollars per metric ton or per 10 grams/kilogram, depending on the item.
  • The notification comes into effect on February 16, 2023.

Key Changes

  • Crude Palm Oil: Tariff value updated to $980 per metric ton.
  • RBD Palm Oil: Tariff value updated to $998 per metric ton.
  • Other Palm Oil: Tariff value updated to $989 per metric ton.
  • Crude Palmolein: Tariff value updated to $1003 per metric ton.
  • RBD Palmolein: Tariff value updated to $1006 per metric ton.
  • Other Palmolein: Tariff value updated to $1005 per metric ton.
  • Crude Soybean Oil: Tariff value updated to $1219 per metric ton.
  • Brass Scrap (all grades): Tariff value updated to $5339 per metric ton.
  • Gold (in any form, under specified notification): Tariff value updated to $600 per 10 grams.
  • Silver (in any form, under specified notification): Tariff value updated to $706 per kilogram.
  • Areca nuts: Tariff value updated to $14026 per metric ton.

Impact Analysis

Importers and Exporters

  • Action Items: Review current import/export contracts and pricing strategies. Update financial projections to account for revised tariff values. Communicate changes to relevant stakeholders (suppliers, customers, etc.).

Consumers

  • Action Items: Monitor market trends and potential price fluctuations. Prepare for possible adjustments in retail pricing.

Gold and Silver Traders

  • Action Items: Closely monitor the impact on gold and silver prices. Adjust trading strategies accordingly. Ensure compliance with relevant regulations and reporting requirements.

Areca Nut Industry

  • Action Items: Assess the competitive landscape and potential shifts in market share. Evaluate pricing strategies and explore opportunities for value-added products.

Government Revenue

  • Action Items: Monitor revenue collection trends and adjust fiscal policies as needed.

Key Entities Referenced

Central Board of Indirect Taxes and Customs (CBIC): The authority responsible for issuing the notification and amending the customs duties. Ministry of Finance (Department of Revenue): The government ministry overseeing the CBIC and responsible for fiscal policy. Customs Act, 1962: The primary legislation governing customs duties in India. Section 14(2) provides the CBIC with the power to determine tariff values. Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001: The original notification being amended by this notification. Notification No. 50/2017-Customs dated 30.06.2017: Notification under which benefit is availed for Gold and Silver.
Official Source Record View Original Source →
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रजजस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-15022023-243634 xxxGIDHxxx CG-DL-E-15022023-243634 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.ं 685] नई ददल्ली, बुधिार, फरिरी 15, 2023/माघ 26, 1944 No. 685] NEW DELHI, WEDNESDAY, FEBRUARY 15, 2023/MAGHA 26, 1944 जित्त मत्रं ालय (राजस्ट्ि जिभाग) (केंद्रीय अप्रत्यक्ष कर एि ंसीमा िल्ु क बोडड) अजधसचू ना नई ददल्ली, 15 फ़रिरी, 2023 स.ं 09/2023-सीमा िल्ु क (ग.ैटै.) का.आ. 715(अ).—सीमा िुल्क अजधजनयम, 1962 (1962 का 52) की धारा 14 की उपधारा (2) द्वारा प्रदत् त िजियों का प्रयोग करत े हुए, केंद्रीय अप्रत्यक्ष कर एि ं सीमा िुल्क बोडड, इस बात स े संतुष्ट होने पर दक ऐसा करना आिश्यक एिं समीचीन ह,ै एतद्द्वारा, भारत सरकार, जित्त मंत्रालय (राजस्ट्ि जिभाग) की अजधसूचना स.ं 36/2001-सीमा िुल्क (ग.ै टै.), ददनांक 3 अगस्ट्त, 2001, जजसे का.आ. 748 (अ), ददनांक 3 अगस्ट्त, 2001 के तहत भारत के राजपत्र, 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 जाएाँगी, अथाडत:् - "सारणी-1 क्रम. स.ं अध् याय/िीर्ड/उपिीर्ड/ टैररफ मूल् य माल का जििरण टैररफ मद (अमरीकी डालर प्रजत मीररक टन) (1) (2) (3) (4) 1 1511 10 00 कच् चा पॉम ऑयल 980 2 1511 90 10 आर बी डी पॉम ऑयल 998 3 1511 90 90 अन् य पॉम ऑयल 989 1003 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 4 1511 10 00 कच् चा पामोजलन 1003 5 1511 90 20 आर बी डी पामोलीन 1006 6 1511 90 90 अन्य पामोलीन 1005 7 1507 10 00 सोयाबीन का कच् चा तेल 1219 8 7404 00 22 पीतल स्ट् क्रेप (सभी ग्रेड) 5339 सारणी-2 क्रम. स.ं अध् याय/िीर्ड/ टैररफ मूल् य माल का जििरण उपिीर्/ड टैररफ मद (अमरीकी डालर) (1) (2) (3) (4) 1 71 या 98 स्ट्िण,ड दकसी भी रूप म,ें जजसके सम्बन्ध म ें अजधसूचना संख्या 50/2017-सीमा िुल्क, ददनांक 30.06.2017 की प्रजिजष्ट 600 प्रजत 10 ग्राम संख्या 356 के अंतगडत लाभ प्राप्त दकया गया हो 2 71 या 98 रजत, दकसी भी रूप म,ें जजसके सम्बन्ध म ें अजधसूचना संख्या 50/2017-सीमा िुल्क, ददनांक 30.06.2017 की प्रजिजष्ट 706 प्रजत दकलोग्राम संख्या 357 के अंतगडत लाभ प्राप्त दकया गया हो (i) रजत, पदकीय या रजत जसक्क ों से जभन्न दकसी भी रूप म,ें जजसकी रजत अतं िडस्ट्त ु 99.9 प्रजतित से कम नहीं ह ै या उपिीर्ड 7106 92 के अधीन आन े िाल े रजत के अध ड जिजनर्ममत प्ररूप; (ii) पदकीय या रजत जसक्क े, जजसकी रजत अंतिडस्ट्त ु 99.9 प्रजतित से कम नहीं ह ै या डाक, कुररयर या सामान के माध्यम से ऐसे माल के आयात से जभन्न उपिीर्ड 7106 92 के अधीन 3 71 706 प्रजत दकलोग्राम आने िाले रजत के अधड जिजनर्ममत प्ररूप। स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोजनों के जलए, दकसी भी प्ररूप में रजत के अंतगडत जिदेिी मुद्रा के जसक्क े, रजत से बने आभूर्ण या रजत से बनी िस्ट्तुएं नहीं ह।ैं (i) स्ट्िणड बार, तोला बार स े जभन्न, जजस पर जिजनमाडणकताड या ररयाइनर का खुदा हुआ क्रम संख्यांक और जमररक यूजनटों में भार अजभव्यि ह;ै (ii) स्ट्िणड जसक्के, जजसमें 99.5 प्रजतित से अन्यनू स्ट्िण ड ह,ै और स्ट्िणड प्राजप्तयां, डाक, कुररयर या बैगेज के माध्यम से ऐसे माल के आयात से जभन्न। 600 प्रजत 10 ग्राम 4 71 स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोजन के जलए, "स्ट्िणड प्राजप्तया"ं से कोई छोटा संघटक, जैसे हुक, क्लास्ट्प, क्लैंप, जपन, कैच, स्ट्क्रू बैक, जजसका उपयोग पूणड आभूर्ण या उसके दकसी भाग को स्ट्थान म ेंजोड़े रखन े के जलए दकया जाता है, अजभप्रेत ह।ै[भाग II—खण् ड 3(ii)] भारत का राजपत्र : असाधारण 3 सारणी-3 क्रम. स.ं अध् याय/िीर्ड/ टैररफ मूल् य माल का जििरण उपिीर्/ड टैररफ मद (अमरीकी डालर प्रजत मीररक टन) (1) (2) (3) (4) 1 080280 सुपारी 14026” 2. यह अजधसूचना 16 फ़रिरी, 2023 से प्रभािी होगी I [फा. स.ं 467/01/2023-सीमा िुल्क.V] हरीि कुमार, अिर सजचि नोट : मलू अजधसूचना भारत के राजपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) में अजधसूचना सं. 36/2001- सीमा िुल् क (ग.ैटै.), ददनांक 3 अगस्ट्त, 2001, का.आ. 748 (अ), ददनांक 3 अगस्ट्त, 2001 के तहत प्रकाजित की गई थी, तथा यह अंजतम बार अजधसूचना सं. 07/2023-सीमािुल्क (ग.ैटै.), ददनांक 31 जनिरी 2023, जजसे का.आ. 459(अ) ददनांक 31 जनिरी के तहत भारत के राजपत्र, 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 15th February, 2023 No. 09/2320-CUSTOMS (N.T.) S.O. 715(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 980 2 1511 90 10 RBD Palm Oil 998 3 1511 90 90 Others – Palm Oil 989 4 1511 10 00 Crude Palmolein 1003 5 1511 90 20 RBD Palmolein 1006 6 1511 90 90 Others – Palmolein 1005 7 1507 10 00 Crude Soya bean Oil 1219 8 7404 00 22 Brass Scrap (all grades) 53394 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 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 1. 71 or 98 entries at serial number 356 of the Notification No. 600 per 10 grams 50/2017-Customs dated 30.06.2017 is availed Silver, in any form, in respect of which the benefit 2. 71 or 98 of entries at serial number 357 of the Notification 706 per kilogram No. 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 71 706 per kilogram 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. (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. and gold findings, other than imports of such goods 71 600 per 10 grams 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 Tonne) (1) (2) (3) (4) 1 080280 Areca nuts 14026‖ 2. This notification shall come into force with effect from the 16th day of February, 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. 07/2023-Customs (N.T.), dated the 31st January, 2023, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 459(E), dated 31st January, 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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