Executive Summary:
This notification from the Ministry of Finance, Department of Revenue, amends notification No. 362001Customs N.T. dated August 3, 2001, regarding tariff values. It substitutes new tables for TABLE1, TABLE2, and TABLE3, listing revised tariff values for various goods. The notification is effective as of February 28, 2018.
Key Points / Main Content:
Revised Tariff Values:
* TABLE1 provides revised tariff values (US$ per Metric Tonne) for:
* Crude Palm Oil: 687
* RBD Palm Oil: 697
* Others Palm Oil: 692
* Crude Palmolein: 705
* RBD Palmolein: 708
* Others Palmolein: 707
* Crude Soyabean Oil: 814
* Brass Scrap (all grades): 3854
* Poppy seeds: 2485
* TABLE2 provides revised tariff values for:
* Gold (subject to Notification No. 502017Customs dated 30.06.2017 entries 71 or 98 at serial number 356 and 358): 427 US$ per 10 grams.
* Silver (subject to Notification No. 502017Customs dated 30.06.2017 entries 71 or 98 at serial number 357 and 359): 535 US$ per kilogram.
* TABLE3 provides revised tariff values (US$ per Metric Tonne) for:
* Areca nuts: 3948
Impact Analysis:
Importers and Exporters:
* Impact: Importers and exporters of the specified goods will be subject to the revised tariff values, potentially affecting costs and profitability.
* Action Required: Adjust pricing and costing strategies to reflect the new tariff values.
Customs Officials:
* Impact: Customs officials are required to use the updated tariff values for assessment and collection of customs duties.
* Action Required: Implement the new tariff values in customs procedures and systems.
Central Board of Excise and Customs:
* Impact: Responsible for monitoring and enforcing the revised tariff values.
* Action Required: Ensure the correct application of the new tariff values and address any related issues.
Key Entities Referenced
Customs Act, 1962: The Act of Parliament that confers powers to the Central Board of Excise and Customs regarding customs duties.
Central Board of Excise and Customs: A government agency responsible for the administration of indirect taxes, including customs duties.
Ministry of Finance, Department of Revenue: The government ministry responsible for economic and financial matters, including revenue collection.
New Delhi: The location of publication of the notification.
Notification No. 362001Customs N.T.: The original notification being amended by this document.
Notification No. 502017Customs: Notification related to benefit entries for Gold and Silver
Crude Palm Oil: A commodity whose tariff value is being determined in the notification.
Dr. SREEPARVATHY S. L.: The Under Secretary who signed the notification.
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नई (cid:1)द(cid:3) ली,,,, 28 फरवरी,,,, 2018
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शि(cid:18)त य(cid:20) का (cid:14)योग करते (cid:22)ए, के(cid:25)(cid:26) ीय उ(cid:15)प ाद एवं सीमा शु(cid:3)क बोड,(cid:31) इस बात से संतु" ट होने पर (cid:1)क ऐसा करना आव& यक एवं
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जाएँगी, अथा(cid:31)त:्-
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टै(cid:16)रफ मद माल का िववरण (अमरीक(cid:22) डालर (cid:23)ित
मी(cid:16)(cid:26)क टन)
(1) (2) (3) (4)
1 1511 10 00 क(cid:27) चा पॉम ऑयल 687
2 1511 90 10 आर बी डी पॉम ऑयल 697
3 1511 90 90 अ(cid:29) य पॉम ऑयल 692
4 1511 10 00 क(cid:27) चा पामोिलन 705
5 1511 90 20 आर बी डी पामोलीन 708
1153 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
6 1511 90 90 अ(cid:29) य पामोलीन 707
7 1507 10 00 सोयाबीन का क(cid:27) चा तेल 814
8 7404 00 22 पीतल (cid:30) (cid:1)ेप (सभी ेड) 3854
9 1207 91 00 पो(cid:30) त बीज 2485
ससससााााररररणणणणीीीी----2222
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माल का िववरण
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सं-या 357 और 359 के अंतग(cid:11)त लाभ (cid:23)ा3 %कया गया हो
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टै(cid:16)रफ मद माल का िववरण (अमरीक(cid:22) डालर (cid:23)ित
मी(cid:16)(cid:26)क टन)
(1) (2) (3) (4)
1 080280 सुपारी 3948”
[फा. सं. 467/01/2018-सीमा शु(cid:20) क–V]
डॉ. 7ीपाव(cid:11)ती एस. एल.,,,, अवर सिचव
ननननोोोोटटटट : मूल अिधसूचना भारत के राजप:, असाधारण के भाग-II, खंड-3, उपखंड (ii) म( अिधसूचना सं. 36/2001-सीमा शु(cid:20) क (गै.टै.),
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अिधसूचना सं. 12/2018-सीमाशु(cid:20)क (गै.टै.), %दनांक 15 फरवरी, 2018, िजसे का.आ. 668(अ) %दनांक 15 फरवरी, 2018 के
तहत भारत के राजप:, असाधारण के भाग-II, खंड-3, उपखंड (ii) म( ई-(cid:23)कािशत %कया गया था, के @ारा संशोिधत क(cid:22) गई थी ।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF EXCISE AND CUSTOMS)
NOTIFICATION
New Delhi, the 28th February, 2018
No. 17/2018-CUSTOMS (N.T)
S.O. 868(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
Tariff value
Chapter/ heading/ sub-
Sl. No. Description of goods (US $Per Metric
heading/tariff item
Tonne)
(1) (2) (3) (4)
1 1511 10 00 Crude Palm Oil 687
2 1511 90 10 RBD Palm Oil 697
3 1511 90 90 Others – Palm Oil 692
4 1511 10 00 Crude Palmolein 705
5 1511 90 20 RBD Palmolein 708
6 1511 90 90 Others – Palmolein 707
7 1507 10 00 Crude Soyabean Oil 814
8 7404 00 22 Brass Scrap (all grades) 3854
9 1207 91 00 Poppy seeds 2485
TABLE-2
Sl. Chapter/ heading/ Description of goods
Tariff value
No. sub-heading/tariff
(US $)
item
(1) (2) (3) (4)
1 Gold, in any form, in respect of which the benefit of entries
71 or 98 at serial number 356 and 358 of the Notification 427 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
71 or 98 at serial number 357 and 359 of the Notification 535 per kilogram
No. 50/2017-Customs dated 30.06.2017 is availed
TABLE-3
Sl. Chapter/ heading/ Description of goods
Tariff value
No. sub-heading/tariff
(US $ Per Metric Tonne)
item
(1) (2) (3) (4)
1 080280 Areca nuts 3948”
[F. No. 467/01/2018 -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. 12/2018-Customs (N.T.), dated the
15th February, 2018, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide
number S.O. 668(E), dated 15th February, 2018.
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.