Home India Ministry of Finance In exercise of the powers conferred by sub section 2 of Sect...
Date: 2017-11-15 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

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

Executive Summary: This notification from the Central Board of Excise and Customs amends notification No. 362001-Customs (N.T.), dated August 3, 2001, regarding tariff values. It substitutes existing tables with updated tariff values for various goods, including palm oil, palmolein, soya bean oil, brass scrap, poppy seeds, gold, silver and areca nuts. The notification is effective as of November 15, 2017. Key Points / Main Content: Updated Tariff Values: * Table 1 provides tariff values for: * Crude Palm Oil: US$729 per metric ton * RBD Palm Oil: US$762 per metric ton * Other Palm Oil: US$746 per metric ton * Crude Palmolein: US$764 per metric ton * RBD Palmolein: US$767 per metric ton * Other Palmolein: US$766 per metric ton * Crude Soya bean Oil: US$862 per metric ton * Brass Scrap (all grades): US$3675 per metric ton * Poppy Seeds: US$2667 per metric ton * Table 2 provides tariff values for: * Gold (subject to Notification No. 50/2017-Customs, dated 30.06.2017): US$410 per 10 grams * Silver (subject to Notification No. 50/2017-Customs, dated 30.06.2017): US$546 per kilogram * Table 3 provides tariff values for: * Areca Nuts: US$3965 per metric ton Impact Analysis: Importers/Exporters: * Impact: Revised tariff values will affect the cost of importing and exporting goods listed in the tables. * Action Required: Importers and exporters need to be aware of the new tariff values to accurately calculate duties and taxes. Customs Officials: * Impact: Customs officials are required to use the updated tariff values for assessment and collection of duties. * Action Required: Customs officials must implement the new tariff values as specified in the notification.

Key Entities Referenced

Customs Act, 1962: The Act of Indian Parliament that empowers the Central Government to levy and collect customs duties on goods imported into or exported from India. Central Board of Excise and Customs: A government agency responsible for the formulation of policy concerning levy and collection of customs duties, central excise duties and service tax. New Delhi: The location where the notification was issued. Ministry of Finance, Department of Revenue: The Ministry and Department under which the Central Board of Excise and Customs operates. Notification No. 362001Customs N.T.: Previous notification being amended by this notification. Gazette of India: The official government publication where notifications, rules, and regulations are published. S.O. 748 E: The publication number of Notification No. 362001Customs N.T. in the Gazette of India Dr. SREEPARVATHY S.L.: The Under Secretary who approved and signed the notification.
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L.-33004/99 vlk/kj.k EXTRAORDINARY Hkkx II—[k.M 3—mi&[k.M (ii) PART II—Section 3—Sub-section (ii) izkf/dkj ls izdkf'kr PUBLISHED BY AUTHORITY la- 3157] ubZ fnYyh] cq/okj] uoEcj 15] 2017@dk£rd 24] 1939 No. 3157] NEW DELHI, WEDNESDAY, NOVEMBER 15, 2017/KARTIKA 24, 1939 ििििवववव(cid:3)(cid:3)(cid:3)(cid:3)तत तत मममम(cid:3)(cid:3)ंं(cid:3)(cid:3)ंं ााााललललयययय ((((ररररााााजजजज(cid:4)(cid:4)(cid:4)(cid:4)वव वव ििििववववभभभभाााागगगग)))) ((((ककककेेेे(cid:9)(cid:9)(cid:9)(cid:9)(cid:10)(cid:10) (cid:10)(cid:10) ीीीीयययय उउउउ(cid:14)(cid:14)(cid:14)(cid:14)पपपप ाााादददद एएएएवववव ंं ंंससससीीीीममममाााा शशशश(cid:23)(cid:23)ुु(cid:23)(cid:23)ुु कक कक बबबबोोोोडडडड))(cid:27)(cid:27)))(cid:27)(cid:27) अअअअििििधधधधससससचचूूचचूू ननननाााा नई (cid:1)द(cid:3)ल ी, 15 नव(cid:9)ब र, 2017 सससस..ंं..ंं 111100009999////2222000011117777----ससससीीीीममममाााा शशशश(cid:9)(cid:9)ुु(cid:9)(cid:9)ुु कक कक ((((गगगग...ैै.ैैटटटटैै..ैै..)))) ककककाााा....आआआआ.... 3333666600001111((((अअअअ))))....————सीमा श(cid:3)ु क अिधिनयम, 1962 (1962 का 52) क(cid:2) धारा 14 क(cid:2) उप-धारा (2) (cid:3)ारा (cid:6)द(cid:8) त शि(cid:13)य(cid:15) का (cid:6)योग करत े (cid:18)ए, के(cid:15) (cid:16)ीय उ(cid:19) पाद एवं सीमा शु(cid:21) क बोड,(cid:24) इस बात स े संतु(cid:27) ट होने पर (cid:29)क ऐसा करना आव यक एव ं समीचीन ह,ै एत!ारा, भारत सरकार, िव(cid:8)त मं#ालय (राज(cid:24)व िवभाग) क(cid:2) अिधसूचना सं. 36/2001-सीमा शु(cid:3)क (गै.टै.), (cid:29)दनाकं 3 अग’त, 2001, िजस ेका.आ. 748(अ), (cid:29)दनाकं 3 अग’त, 2001 के तहत (cid:6)कािशत (cid:29)कया गया था, म (िन(cid:9)न िलिखत संशोधन करता ह,ै अथा(cid:24)त्:— उ,त अिधसूचना म(, सारणी-1, सारणी-2 और सारणी-3 के ’थान पर िन-िलिखत सारिणया ँ (cid:6)ित’थािपत क(cid:2) जाएँगी, अथा(cid:24)त्:— """"ससससााााररररणणणणीीीी----1111 0म. सं. अ1य ाय/शीष/(cid:24)उपशीष/(cid:24) माल का िववरण टै5रफ मू(cid:21) य टै5रफ मद (अमरीक(cid:2) डालर (cid:6)ित मी58क टन) (1) (2) (3) (4) 1 1511 10 00 क9 चा पॉम ऑयल 729 2 1511 90 10 आर बी डी पॉम ऑयल 762 3 1511 90 90 अ; य पॉम ऑयल 746 6701 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 4 1511 10 00 क9 चा पामोिलन 764 5 1511 90 20 आर बी डी पामोलीन 767 6 1511 90 90 अ; य पामोलीन 766 7 1507 10 00 सोयाबीन का क9 चा तले 862 8 7404 00 22 पीतल ’0 ेप (सभी =ेड) 3675 9 1207 91 00 पो’ त बीज 2667 ससससााााररररणणणणीीीी----2222 0म. सं. अ1य ाय/शीष/(cid:24) माल का िववरण टै5रफ मू(cid:21) य उपशीष/(cid:24)टै5रफ मद (अमरीक(cid:2) डालर) (1) (2) (3) (4) 1 71 या 98 ’वण(cid:24), (cid:29)कसी भी ?प म,( िजसके स@ब;ध म( अिधसचू ना 410 (cid:6)ित 10 =ाम सBं या 50/2017-सीमा शु(cid:21)क, (cid:29)दनाकं 30.06.2017 क(cid:2) (cid:6)िविC सBं या 356 और 358 के अंतगत(cid:24) लाभ (cid:6)ाD (cid:29)कया गया हो 2 71 या 98 रजत, (cid:29)कसी भी ?प म,( िजसके स@ब;ध म ( अिधसचू ना 546 (cid:6)ित सBं या 50/2017-सीमा शु(cid:21)क, (cid:29)दनाकं 30.06.2017 क(cid:2) (cid:6)िविC (cid:29)कलो=ाम सBं या 357 और 359 के अंतगत(cid:24) लाभ (cid:6)ाD (cid:29)कया गया हो ससससााााररररणणणणीीीी----3333 0म. सं. अ1य ाय/शीष/(cid:24)उपशीष/(cid:24) टै5रफ मू(cid:21) य माल का िववरण टै5रफ मद (अमरीक(cid:2) डालर (cid:6)ित मी58क टन) (1) (2) (3) (4) 1 080280 सुपारी 3965” [फा. सं. 467/1/2017-सीमा शु(cid:21)क –V] डॉ. (cid:26)ीपावत(cid:27) ी एस. एल.,,,, अवर सिचव ननननोोोोटटटट :::: मलू अिधसूचना भारत के राजप#, असाधारण के भाग-II, खंड-3, उप-खंड (ii) म( अिधसूचना स.ं 36/2001-सीमा शु(cid:3)क (गै.टै.), (cid:29)दनाकं 3 अग’त, 2001, का.आ. 748(अ), (cid:29)दनाकं 3 अग’त, 2001 के तहत (cid:6)कािशत क(cid:2) गई थी, तथा यह अिं तम बार अिधसूचना सं. 101/2017-सीमा शु(cid:21)क (गै.टै.), (cid:29)दनाकं 31 अ!त बू र, 2017, िजस ेका.आ. 3496(अ), (cid:29)दनाकं 31 अ! तबू र, 2017 के तहत भारत के राजप#, असाधारण के भाग-II, खडं -3, उप-खंड (ii) म ( ई-(cid:6)कािशत (cid:29)कया गया था, के (cid:3)ारा संशोिधत क(cid:2) गई थी । MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF EXCISE AND CUSTOMS) NOTIFICATION New Delhi, the 15th November, 2017 No. 109/2017-CUSTOMS (N.T.) S.O. 3601(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:—¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 3 In the said notification, for TABLE-1, TABLE-2, and TABLE-3 the following Tables shall be substituted namely:— “TABLE-1 Sl. No. Chapter/ heading/sub-heading/ Description of goods Tariff value tariff item (US $Per Metric Tonne) (1) (2) (3) (4) 1 1511 10 00 Crude Palm Oil 729 2 1511 90 10 RBD Palm Oil 762 3 1511 90 90 Others–Palm Oil 746 4 1511 10 00 Crude Palmolein 764 5 1511 90 20 RBD Palmolein 767 6 1511 90 90 Others–Palmolein 766 7 1507 10 00 Crude Soya bean Oil 862 8 7404 00 22 Brass Scrap (all grades) 3675 9 1207 91 00 Poppy seeds 2667 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 71 or 98 entries at serial number 356 and 358 of the Notification 410 per 10 grams No. 50/2017-Customs dated 30.06.2017 is availed 2 Silver, in any form, in respect of which the benefit of 71 or 98 entries at serial number 357 and 359 of the Notification 546 per kilogram No. 50/2017-Customs dated 30.06.2017 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 3965” [F. No. 467/01/2017-Cus-V] Dr. SREEPARVATHY S.L., 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. 101/2017-Customs (N.T.), dated the 31st October, 2017, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 3496(E), dated 31st October, 2017. 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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