Home India Ministry of Finance In exercise of the powers conferred by sub section 2 of sect...
Date: 2016-11-30 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, Department of Revenue, amends a previous notification regarding customs duties. It specifies revised tariff values for various goods, including palm oil, palmolein, soya bean oil, brass scrap, poppy seeds, gold, silver and areca nuts. The changes are made under Section 14 of the Customs Act of 1962 and take effect from November 30, 2016. Key Points / Main Content: Revised Tariff Values: * Table 1 substitutes new tariff values (USD per metric tonne) for: * Crude Palm Oil: 764 * RBD Palm Oil: 797 * Others Palm Oil: 781 * Crude Palmolein: 809 * RBD Palmolein: 812 * Others Palmolein: 811 * Crude Soya bean Oil: 870 * Brass Scrap (all grades): 3176 * Poppy seeds: 2533 * Table 2 substitutes new tariff values for: * Gold (benefit of entries at serial number 321 and 323 of Notification No. 12/2012-Customs dated 17.03.2012 is availed): 386 USD per 10 grams. * Silver (benefit of entries at serial number 322 and 324 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed): 542 USD per kilogram * Table 3 substitutes new tariff values for: * Areca nuts: 2621 USD per Metric Tonne Impact Analysis: Importers/Exporters: * Impact: Changes in tariff values directly affect the cost of importing and exporting goods. * Action Required: Need to update costing and pricing strategies based on the new tariff values for the specified goods. Customs Officials: * Impact: Required to enforce the revised tariff values for assessment and collection of customs duties. * Action Required: Implement the new tariff values as specified in the updated tables for relevant goods.

Key Entities Referenced

Customs Act, 1962: A legal act that defines customs laws and regulations in India. Specifically, Section 14(2) is referenced regarding powers conferred. Central Board of Excise and Customs: A government agency responsible for the administration of excise and customs duties. Ministry of Finance: The ministry responsible for financial matters of the Government of India. Department of Revenue: A department within the Ministry of Finance responsible for revenue collection. New Delhi: The location where the notification was issued. Crude Palm Oil: A type of Palm Oil with a defined tariff value as per the notification. RBD Palm Oil: A type of Palm Oil with a defined tariff value as per the notification. KSHITENDRA VERMA: Under Secretary, as indicated by the signature at the end of the document.
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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- 2814] ubZ fnYyh] cq/okj] uoEcj 30] 2016@vxzgk;.k 9] 1938 No. 2814] NEW DELHI, WEDNESDAY, NOVEMBER 30, 2016/AGRAHAYANA 9, 1938 िव(cid:7004)त म(cid:7074)ं ालय (राज(cid:7021) व िवभाग) (के(cid:7008)(cid:7076) ीय उ(cid:7004)प ाद एव ंसीमा श(cid:7016)ु क बोड(cid:6981)) अिधसचू ना नई (cid:7408)द(cid:7016)ल ी, 30 नव(cid:7013)बर, 2016 स.ं 144/2016-सीमा श(cid:7016)ु क (ग.ैटै.) का.आ. 3593(अ).—सीमा श(cid:7016)ु क अिधिनयम, 1962 (1962 का 52) क(cid:7409) धारा 14 क(cid:7409) उपधारा (2) (cid:7367)ारा (cid:7079)द(cid:7004)त शि(cid:6989)त य(cid:7298) का (cid:7079)योग करत े (cid:7263)ए, के(cid:7008) (cid:7076)ीय उ(cid:7004)प ाद एवं सीमा शु(cid:7016)क बोड,(cid:6981) इस बात से संतु(cid:7020)ट होने पर (cid:7408)क ऐसा करना आव(cid:7019)य क एवं समीचीन ह,ै एत(cid:7375)ारा, भारत सरकार, िव(cid:7004) त मं(cid:7074)ालय (राज(cid:7021)व िवभाग) क(cid:7409) अिधसूचना स.ं 36/2001-सीमा श(cid:7016)ु क (गै. टै.), (cid:7408)दनाकं 3 अग(cid:7021)त, 2001, िजस ेका.आ. 748 (अ), (cid:7408)दनांक 3 अग(cid:7021)त, 2001 के तहत (cid:7079)कािशत (cid:7408)कया गया था, म (cid:7286)िन(cid:7013)न िलिखत संशोधन करता ह,ै अथा(cid:6981)त्:- उ(cid:6989) त अिधसूचना म(cid:7286), सारणी-1, सारणी-2 और सारणी-3 के (cid:7021)थान पर िन(cid:7388)िलिखत सारिणया ँ (cid:7079)ित(cid:7021)थािपत क(cid:7409) जाएँगी, अथा(cid:6981)त:्- "सारणी-1 (cid:7059)म. सं. अ(cid:7007) याय/शीष(cid:6981)/उपशीष(cid:6981)/ टै(cid:7407)रफ मू(cid:7016)य (अमरीक(cid:7409) डालर माल का िववरण टै(cid:7407)रफ मद (cid:7079)ित मी(cid:7407)(cid:7069)क टन) (1) (2) (3) (4) 1 1511 10 00 क(cid:6994)च ा पॉम ऑयल 764 2 1511 90 10 आर बी डी पॉम ऑयल 797 3 1511 90 90 अ(cid:7008)य -पॉम ऑयल 781 5524 GI/2016 (1)(cid:32)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 4 1511 10 00 क(cid:6994)च ा पामोिलन 809 5 1511 90 20 आर बी डी पामोलीन 812 6 1511 90 90 अ(cid:7008)य -पामोलीन 811 7 1507 10 00 सोयाबीन का क(cid:6994)च ा तेल 870 8 7404 00 22 पीतल (cid:7021)(cid:7059) ेप (सभी (cid:7061)ेड) 3176 9 1207 91 00 पो(cid:7021)त बीज 2533 सारणी-2 (cid:7059)म. अ(cid:7007) याय/शीष(cid:6981)/ टै(cid:7407)रफ मू(cid:7016)य सं. उपशीष/(cid:6981) टै(cid:7407)रफ माल का िववरण (अमरीक(cid:7409) डालर) मद (1) (2) (3) (4) 1 71 या 98 (cid:7021)वण(cid:6981), (cid:7408)कसी भी (cid:7272)प म,(cid:7286) िजसके स(cid:7013)ब(cid:7008)ध म(cid:7286) अिधसूचना 386 (cid:7079)ित 10 (cid:7061)ाम स(cid:6990)ं या 12/2012-सीमा श(cid:7016)ु क, (cid:7408)दनाकं 17.03.2012 क(cid:7409) (cid:7079)िवि(cid:7397) स(cid:6990)ं या 321 और 323 के अंतग(cid:6981)त लाभ (cid:7079)ा(cid:7385) (cid:7408)कया गया हो 2 71 या 98 रजत, (cid:7408)कसी भी (cid:7272)प म,(cid:7286) िजसके स(cid:7013)ब(cid:7008)ध म (cid:7286) अिधसूचना 542 (cid:7079)ित स(cid:6990)ं या 12/2012-सीमा श(cid:7016)ु क, (cid:7408)दनाकं 17.03.2012 क(cid:7409) (cid:7079)िवि(cid:7397) स(cid:6990)ं या (cid:7408)कलो(cid:7061)ाम 322 और 324 के अंतग(cid:6981)त लाभ (cid:7079)ा(cid:7385) (cid:7408)कया गया हो सारणी-3 (cid:7059)म. सं. अ(cid:7007) याय/शीष(cid:6981)/ टै(cid:7407)रफ मू(cid:7016)य माल का िववरण उपशीष/(cid:6981) टै(cid:7407)रफ मद (अमरीक(cid:7409) डालर (cid:7079)ित मी(cid:7407)(cid:7069)क टन) (1) (2) (3) (4) 1 080280 सुपारी 2621” [फा. स.ं 467/1/2016-सीमा शु(cid:7016)क –V] ि(cid:6979)त(cid:7286)(cid:7076) वमा,(cid:6981) अवर सिचव नोट : मलू अिधसूचना भारत के राजप(cid:7074), असाधारण के भाग-II, खंड-3, उपखंड (ii) म(cid:7286) अिधसूचना स.ं 36/2001-सीमा शु(cid:7016)क (गै.टै.), (cid:7408)दनांक 3 अग(cid:7021)त, 2001, का.आ.748 (अ), (cid:7408)दनाकं 3 अग(cid:7021)त, 2001 के तहत (cid:7079)कािशत क(cid:7409) गई थी, तथा यह अंितम बार अिधसूचना स.ं 137/2016-सीमाशु(cid:7016)क (गै.टै.), (cid:7408)दनाकं 15 नव(cid:7013)बर, 2016, िजस ेका.आ. 3450(अ) (cid:7408)दनांक 15 नव(cid:7013)बर, 2016 के तहत भारत के राजप(cid:7074), असाधारण के भाग-II, खंड-3, उपखंड (ii) म(cid:7286) ई-(cid:7079)कािशत (cid:7408)कया गया था, के (cid:7367)ारा संशोिधत क(cid:7409) गई थीI¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 3 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF EXCISE AND CUSTOMS) NOTIFICATION New Delhi, the 30th November, 2016 No. 144/2016-CUSTOMS (N.T.) S.O. 3593(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:- 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 764 2 1511 90 10 RBD Palm Oil 797 3 1511 90 90 Others – Palm Oil 781 4 1511 10 00 Crude Palmolein 809 5 1511 90 20 RBD Palmolein 812 6 1511 90 90 Others – Palmolein 811 7 1507 10 00 Crude Soya bean Oil 870 8 7404 00 22 Brass Scrap (all grades) 3176 9 1207 91 00 Poppy seeds 2533 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 321 and 323 of the 71 or 98 386 per 10 grams Notification No. 12/2012-Customs dated 17.03.2012 is availed 2 Silver, in any form, in respect of which the benefit of entries at serial number 322 and 324 of the 71 or 98 542 per kilogram Notification No. 12/2012-Customs dated 17.03.2012 is availed4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 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 2621” [F. No. 467/01/2016 -Cus-V] KSHITENDRA VERMA, 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. 137/2016-Customs (N.T.), dated the 15th November, 2016, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 3450(E), dated 15th November, 2016. (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) 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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