Home India Ministry of Finance In exercise of the powers conferred by sub section 2 of sect...
Date: 2020-05-29 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

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 notification No. 362001Customs N.T., dated August 3, 2001, regarding tariff values for imported goods. It substitutes new tables specifying revised tariff values for various items. The notification is effective as of May 29, 2020. Key Points / Main Content: Revised Tariff Values: * Table 1: Specifies tariff values for various types of Palm Oil and Soya Bean Oil, Brass Scrap and Poppy seeds, expressed in US$ per metric tonne. * Crude Palm Oil: $550 * RBD Palm Oil: $560 * Others Palm Oil: $555 * Crude Palmolein: $568 * RBD Palmolein: $571 * Others Palmolein: $570 * Crude Soya bean Oil: $666 * Brass Scrap all grades: $3071 * Poppy seeds: $3623 * Table 2: Specifies tariff values for Gold and Silver in various forms. * Gold (benefit of Notification No. 502017Customs dated 30.06.2017): $553 per 10 grams * Silver (benefit of Notification No. 502017Customs dated 30.06.2017): $559 per kilogram * Silver (other than medallions/coins <99.9% or semi-manufactured 7106 92): $559 per kilogram * Gold bars/coins (>99.5%)/findings (excluding imports via post/courier/baggage): $553 per 10 grams * Table 3: Specifies tariff values for Areca nuts. * Areca nuts: $3752 per Metric Tonne Impact Analysis: Importers: * Impact: Importers of goods listed in Tables 1, 2, and 3 will be subject to the revised tariff values. * Action Required: Importers need to be aware of the new tariff values when importing these goods and calculating customs duties. Customs Authorities: * Impact: Customs authorities are required to use the revised tariff values for assessment and collection of customs duties. * Action Required: Implement the new tariff values as specified in the updated tables.

Key Entities Referenced

Customs Act, 1962: An act of the Parliament of India to consolidate and amend the law relating to customs. Central Board of Indirect Taxes and Customs: A government agency responsible for the formulation of policy concerning levy and collection of customs duties, central excise duties, and other indirect taxes. Ministry of Finance: A ministry within the Government of India responsible for economic and financial matters. Department of Revenue: A department under the Ministry of Finance, Government of India. New Delhi: The capital of India. Crude Palm Oil: A type of vegetable oil extracted from the fruit of oil palms. RBD Palm Oil: Refined, Bleached, and Deodorized Palm Oil Notification No. 362001Customs N.T.: A notification issued by the Department of Revenue, Ministry of Finance regarding customs.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एलxx.x-GअI.D-E2x9x0x 52020-219658 CG-DL-E-29052020-219658 असाधारण EXTRAORDINARY भाग II—खण्ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 1525] नई कदल्ली, िक्रु िार, मई 29, 2020/ज्य ष्े ठ 8 , 1942 No. 1525] NEW DELHI, FRIDAY, MAY 29, 2020/JYAISTHA 8, 1942 मत्रं ालय ( जिभाग) ( एि ंसीमा बोड)ड अजधसचू ना नई , 29 मई, 2020 स.ं 48/2020-सीमा (ग.ैट.ै) का. आ. 1695 (अ).—सीमा अजधजनयम, 1962 (1962 का 52) की धारा 14 की उपधारा (2) द्वारा प्रदत् त का प्रयोग करत े हुए, एि ं सीमा बोडड, इस बात स े होने पर कक ऐसा करना एि ं समीचीन ह,ै एतद्द्वारा, भारत सरकार, मंत्रालय ( जिभाग) की अजधसूचना स.ं 36/2001-सीमा (ग.ै टै.), कदनांक 3 अगस्ट्त, 2001, जिसे का.आ. 748(अ), कदनाकं 3 अगस्ट्त, 2001 के तहत भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) म ें प्रकाजित ककया गया था, म ें संिोधन करता ह,ै अथाडत्:- उक्त अजधसूचना म,ें सारणी-1, सारणी-2 और सारणी-3 के स्ट्थान पर जनम्नजलजखत सारजणयााँ प्रजतस्ट्थाजपत की िाएाँगी, अथाडत:्- 2315 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] "सारणी-1 क्रम. स.ं अध् याय/िीर्/ड उपिीर्/ड टैररफ मूल् य माल का जििरण टैररफ मद (अमरीकी डालर प्रजत मीररक टन) (1) (2) (3) (4) 1 1511 10 00 पॉम ऑयल 550 2 1511 90 10 आर बी डी पॉम ऑयल 560 3 1511 90 90 अन् य पॉम ऑयल 555 4 1511 10 00 पामोजलन 568 5 1511 90 20 आर बी डी पामोलीन 571 6 1511 90 90 पामोलीन 570 7 1507 10 00 सोयाबीन का कच् चा तेल 666 8 7404 00 22 पीतल स्ट् क्रेप (सभी ग्रडे ) 3071 9 1207 91 00 पोस्ट् त बीि 3623 सारणी-2 क्रम. स.ं अध् याय/िीर्/ड टैररफ मूल् य उपिीर्/ड टैररफ माल का जििरण (अमरीकी डालर) मद (1) (2) (3) (4) 1 71 या 98 स्ट्िणड, ककसी भी रूप में, जिसके सम्बन्ध म ें अजधसूचना 553 प्रजत 10 संख्या 50/2017-सीमा िुल्क, ग्राम कदनांक 30.06.2017 की प्रजिजि संख्या 356 के अंतगतड लाभ प्राप्त ककया गया हो 2 71 या 98 रित, ककसी भी रूप म,ें जिसके सम्बन्ध म ें अजधसूचना 559 प्रजत संख्या 50/2017-सीमा िुल्क, ककलोग्राम कदनांक 30.06.2017 की प्रजिजि संख्या 357 के अंतगतड लाभ प्राप्त ककया गया हो 3 71 (i) , 559 प्रजत म, तडिस्ट् त ु 99.9 म ककलोग्राम उ 7106 92 म ; (ii) , 99.9 म , म म म म उ 7106 92 म[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3 - इ , म म , 4 71 (i) , , 553 प्रजत 10 म इ म ग्राम औ म म ; (ii) , म 99.5 , औ , , म म म - इ , " " ई , , , , , , , उ उ म , सारणी-3 क्रम. स.ं अध् याय/िीर्/ड उपिीर्/ड टैररफ टैररफ मूल् य माल का जििरण मद (अमरीकी डालर प्रजत मीररक टन) (1) (2) (3) (4) 1 080280 सुपारी 3752” [फा. स.ं 467/01/2020-सीमा –V] , उ नोट:- मूल अजधसूचना भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) म ें अजधसूचना सं. 36/2001- सीमा िुल् क (ग.ै ट.ै ), कदनांक 3 अगस्ट्त, 2001, का.आ. 748 (अ), कदनांक 3 अगस्ट्त, 2001 के तहत प्रकाजित की गई थी, तथा यह अंजतम बार अजधसूचना स.ं 45/2020-सीमािुल्क (ग.ैटै.), कदनांक 19 मई, 2020, जिसे का.आ. 1520 (अ) कदनांक 19 मई, 2020 के तहत भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) म ें ई-प्रकाजित ककया 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 29th May, 2020 No. 48/2000-CUSTOMS (N.T.) S.O. 2315 (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 so to do, 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, 2001,4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 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 Tariff value Chapter/ heading/ sub- Sl. No. heading/tariff item Description of goods (US $Per Metric Tonne) (1) (2) (3) (4) 1 1511 10 00 Crude Palm Oil 550 2 1511 90 10 RBD Palm Oil 560 3 1511 90 90 Others – Palm Oil 555 4 1511 10 00 Crude Palmolein 568 5 1511 90 20 RBD Palmolein 571 6 1511 90 90 Others – Palmolein 570 7 1507 10 00 Crude Soya bean Oil 666 8 7404 00 22 Brass Scrap (all grades) 3071 9 1207 91 00 Poppy seeds 3623 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 356 of the Notification 71 or 98 553 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 entries at serial number 357 of the 559 per kilogram 71 or 98 Notification No. 50/2017-Customs dated 30.06.2017 is availed 3. (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 content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 559 per kilogram 71 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 4. (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 71 such goods through post, courier or baggage. 553 per 10 grams 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. Chapter/ heading/ sub- Description of goods Tariff value No. heading/tariff item (US $ Per Metric Tonne) (1) (2) (3) (4) 1 080280 Areca nuts 3752‖ [F. No. 467/01/2020 -Cus-V] GAURAV SINGH, Dy. 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. 45/2020-Customs (N.T.), dated the 19th May, 2020, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 1520 (E), dated 19th May, 2020. 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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