## Policy Analysis Report: Customs Notification No. 29/2021-Customs (N.T.)
**1. Executive Summary:**
This report analyzes Customs Notification No. 29/2021-Customs (N.T.) issued by the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs on March 15, 2021. This notification amends a previous notification (No. 36/2001-Customs (N.T.)) by substituting new tables specifying tariff values for certain goods. The core purpose of the amendment, as inferred from the text, is to update the tariff values for specific items including palm oil, soya bean oil, brass scrap, gold, silver and areca nuts. Key findings include updated values for these goods, and specific conditions attached to the valuation of gold and silver.
**2. Introduction:**
This report provides an informative analysis of Customs Notification No. 29/2021-Customs (N.T.), based solely on the text provided. The report aims to clarify the changes introduced by this notification and its potential impact.
**3. Policy Overview:**
* **Amendment:** This notification constitutes an amendment to the Government of India, Ministry of Finance Department of Revenue, Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001.
* **Core Objective(s):** As inferred from the text, the primary objective of this amendment is to revise and update the tariff values for a specific set of imported goods as prescribed under Section 14(2) of the Customs Act, 1962.
**4. Background and Rationale:**
The likely reason for this specific amendment is to adjust the tariff values of the listed goods (Palm Oil, Brass Scrap, Gold, Silver, and Areca nuts) to reflect current market prices or other relevant economic factors. The need for periodic updates to these values is inherent in a dynamic global market, and this amendment ensures that customs duties are calculated on a more accurate and contemporary basis.
**5. Key Provisions / Changes:**
This notification replaces TABLE1, TABLE2, and TABLE3 of the original Notification No. 36/2001-Customs (N.T.) with new tables, thereby changing the tariff values for the goods listed.
* **TABLE 1:** Updates tariff values for various Palm Oil types (Crude, RBD, Others) and Crude Soya bean Oil, as well as Brass Scrap. The values are specified in US Dollars per Metric Tonne. For example, Crude Palm Oil is now valued at $1071 per metric tonne.
* **TABLE 2:** Updates tariff values for Gold and Silver, specifying different values based on the form of the metal and whether certain benefits are availed under Notification No. 50/2017-Customs. The values are specified in US Dollars per 10 grams (for gold) and per kilogram (for silver). It also introduces explanations clarifying which items fall under the different categories of gold and silver and are therefore affected by the tariff.
* **TABLE 3:** Updates the tariff value for Areca nuts, specified in US Dollars per Metric Tonne. The new value is $4284 per metric tonne.
The primary effect of these changes is to alter the import duty levied on these items. Depending on the direction of the change (increase or decrease), the amendment will either increase or decrease the cost of importing these goods.
**6. Target Audience and Stakeholders:**
The target audience and stakeholders directly affected by this notification include:
* Importers of Palm Oil (Crude, RBD, and other types).
* Importers of Crude Soya bean Oil.
* Importers of Brass Scrap.
* Importers of Gold in various forms (bars, coins, findings).
* Importers of Silver in various forms (other than medallions and coins having silver content not below 99.9 or semimanufactured forms).
* Importers of Areca nuts.
* Customs brokers and agents involved in the import of these goods.
**7. Implementation Aspects (Inferred):**
* **Responsible Agency/Bodies:** The Central Board of Indirect Taxes and Customs (CBIC) under the Department of Revenue, Ministry of Finance is the responsible body for implementing and enforcing this notification.
* **Procedures:** Customs officials will use the revised tariff values specified in the notification to assess and collect customs duties on the listed goods at the time of import. No timelines or procedures are specifically mentioned in the provided text beyond the effective date of the notification.
* The implementation of this amendment will involve customs officials using the new tariff values to calculate import duties.
**8. Expected Outcomes / Impact of Changes:**
The likely intended outcome of these specific changes is to align the tariff values of these goods with current market realities, ensuring fair and accurate revenue collection. The impact of the changes will be seen in the altered costs of importing these specific goods. Businesses importing these goods will need to adjust their cost calculations based on the new tariff values.
**9. Conclusion:**
Customs Notification No. 29/2021-Customs (N.T.) is a significant amendment that updates the tariff values for a range of imported goods, including Palm Oil, Soya Bean Oil, Brass Scrap, Gold, Silver, and Areca nuts. The update of values, specifically to goods such as palm oil, which is used across several industries will likely have an impact, however marginal, across the economy. These changes will directly impact importers of these goods, affecting their costs and requiring adjustments to their import strategies. The notification demonstrates the government's commitment to maintaining relevant and up-to-date customs regulations.
Key Entities Referenced
Customs Act, 1962: The Act under which the Central Board of Indirect Taxes and Customs is exercising its powers.
Central Board of Indirect Taxes and Customs: The organization issuing the notification and making amendments related to customs duties.
Ministry of Finance: The ministry under which the Department of Revenue and Central Board of Indirect Taxes and Customs operate.
Department of Revenue: A department within the Ministry of Finance.
New Delhi: Location of the notification issuance.
Crude Palm Oil: A type of goods with a specified tariff value (1071 US Per Metric Tonne).
RBD Palm Oil: A type of goods with a specified tariff value (1097 US Per Metric Tonne).
Others Palm Oil: A type of goods with a specified tariff value (1084 US Per Metric Tonne).
Crude Palmolein: A type of goods with a specified tariff value (1103 US Per Metric Tonne).
RBD Palmolein: A type of goods with a specified tariff value (1106 US Per Metric Tonne).
Others Palmolein: A type of goods with a specified tariff value (1105 US Per Metric Tonne).
Crude Soya bean Oil: A type of goods with a specified tariff value (1210 US Per Metric Tonne).
Brass Scrap: A type of goods with a specified tariff value (5201 US Per Metric Tonne).
Gold: Goods with a specified tariff value (549 per 10 grams).
Notification No. 502017Customs dated 30.06.2017: Refers to Notification regarding Gold.
Silver: Goods with a specified tariff value (821 per kilogram).
Notification No. 502017Customs dated 30.06.2017: Refers to Notification regarding Silver.
Areca nuts: A type of goods with a specified tariff value (4284 US Per Metric Tonne).
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
xxxGIDHxxx
सी.जी.-डी.एxलx.x-GअID.-E1x5xx0 32021-225907
CG-DL-E-15032021-225907
असाधारण
EXTRAORDINARY
भाग II—खण्ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 1119] नई कदल्ली, सोमिार, माच ड15, 2021/फाल्ग नु 24, 1942
No. 1119] NEW DELHI, MONDAY, MARCH 15, 2021/PHALGUNA 24, 1942
मत्रं ालय
( जिभाग)
( एि ंसीमा बोड)ड
अजधसचू ना
नई , 15 , 2021
स.ं 29/2021-सीमा (ग.ैट.ै)
का.आ. 1207(अ).—सीमा अजधजनयम, 1962 (1962 का 52) की धारा 14 की उपधारा (2) द्वारा प्रदत् त
का प्रयोग करते हुए, एि ं सीमा बोडड, इस बात स े होन ेपर कक ऐसा करना
एि ं समीचीन ह,ै एतद्द्वारा, भारत सरकार, मंत्रालय ( जिभाग) की अजधसूचना स.ं 36/2001-सीमा
(ग.ै ट.ै ), कदनांक 3 अगस्ट्त, 2001, जिसे का.आ. 748 (अ), कदनांक 3 अगस्ट्त, 2001 के तहत भारत के रािपत्र, असाधारण
के भाग-II, खडं -3, उपखडं (ii) म ें प्रकाजित ककया गया था, म ें 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/िी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 1071
2 1511 90 10 आर बी डी पॉम ऑयल 1097
1611 GI/2021 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
3 1511 90 90 अन् य पॉम ऑयल 1084
4 1511 10 00 पामोजलन 1103
5 1511 90 20 आर बी डी पामोलीन 1106
6 1511 90 90 पामोलीन 1105
7 1507 10 00 सोयाबीन का कच् चा तेल 1210
8 7404 00 22 पीतल स्ट् क्रेप (सभी ग्रडे ) 5201
सारणी-2
क्रम. स.ं अध् याय/िीर्/ड टैररफ मूल् य
माल का जििरण
उपिीर्/ड टैररफ मद (अमरीकी डालर)
(1) (2) (3) (4)
1 71 या 98 स्ट्िणड, ककसी भी रूप में, जिसके सम्बन्ध म ें अजधसूचना 549 प्रजत 10 ग्राम
संख्या 50/2017-सीमा िुल्क, कदनांक 30.06.2017 की
प्रजिजि संख्या 356 के अतं गतड लाभ प्राप्त ककया गया हो
2 71 या 98 रित, ककसी भी रूप म,ें जिसके सम्बन्ध म ें अजधसूचना 821 प्रजत
संख्या 50/2017-सीमा िुल्क, कदनांक 30.06.2017 की ककलोग्राम
प्रजिजि संख्या 357 के अतं गतड लाभ प्राप्त ककया गया हो
3 71 (i) , 821 प्रजत
, 99.9 ककलोग्राम
7106 92
;
(ii) , 99.9
,
7106 92
- इ ,
,
4 71 (i) , , 549 प्रजत 10 ग्राम
इ औ
;
(ii) , 99.5 ,
औ , ,
- इ , "
" , , , ,
, , ,
,[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3
सारणी-3
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 080280 सुपारी 4284”
[फा. स.ं 467/01/2021-सीमा –V]
, अिर
नोट : मूल अजधसूचना भारत के रािपत्र, असाधारण के भाग-II, खडं -3, उपखंड (ii) म ें अजधसूचना सं. 36/2001-सीमा
िुल् क (ग.ैटै.), कदनांक 3 अगस्ट्त, 2001, का.आ. 748 (अ), कदनांक 3 अगस्ट्त, 2001 के तहत प्रकाजित की गई थी,
तथा यह अंजतम बार अजधसूचना स.ं 28/2021-सीमािुल्क (ग.ै ट.ै ), कदनांक 9 , 2021, जिसे का.आ. 1068
(अ) कदनांक 9 , 2021 के तहत भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) म ें ई-प्रकाजित
ककया गया था, के द्वारा संिोजधत की गई थी ।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
NOTIFICATION
New Delhi, the 15th March, 2021
No. 29/2021-CUSTOMS (N.T.)
S.O. 1207(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/ Tariff value
Sl. No. sub-heading/tariff Description of goods (US $Per Metric
item Tonne)
(1) (2) (3) (4)
1 1511 10 00 Crude Palm Oil 1071
2 1511 90 10 RBD Palm Oil 1097
3 1511 90 90 Others – Palm Oil 1084
4 1511 10 00 Crude Palmolein 1103
5 1511 90 20 RBD Palmolein 1106
6 1511 90 90 Others – Palmolein 1105
7 1507 10 00 Crude Soya bean Oil 1210
8 7404 00 22 Brass Scrap (all grades) 5201
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
71 or 98 of entries at serial number 356 of the Notification 549 per 10 grams
No. 50/2017-Customs dated 30.06.2017 is availed4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
2. Silver, in any form, in respect of which the benefit
71 or 98 of entries at serial number 357 of the Notification 821 per kilogram
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
71 forms of silver falling under sub-heading 7106 92, 821 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.
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
71 549 per 10 grams
such goods 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. Chapter/ heading/ Description of goods
Tariff value
No. sub-heading/tariff
(US $ Per Metric Tonne)
item
(1) (2) (3) (4)
1 080280 Areca nuts 4284‖
[F. No. 467/01/2021-Cus-V]
BULLO MAMU, 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.
28/2021-Customs (N.T.), dated the 9th March, 2021, e-published in the Gazette of India,
Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 1068 (E), dated 9th March,
2021.
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.