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Date: 2020-03-25 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 a previous notification regarding tariff values for imported goods, as per Section 14 of the Customs Act, 1962. It substitutes new tables for TABLE1, TABLE2, and TABLE3 in the original notification. The notification was issued on March 25, 2020. Key Points / Main Content: * **Amendment of Notification No. 362001-Customs (N.T.):** The notification amends the existing notification, dated August 3, 2001. * **Substitution of Tables:** TABLE1, TABLE2, and TABLE3 of the original notification are replaced with new tables specifying tariff values. * **TABLE1: Tariff Values for Various Oils and Scrap:** * Crude Palm Oil: US $670 per metric tonne (no change). * RBD Palm Oil: US $695 per metric tonne (no change). * Others Palm Oil: US $683 per metric tonne (no change). * Crude Palmolein: US $698 per metric tonne (no change). * RBD Palmolein: US $701 per metric tonne (no change). * Others Palmolein: US $700 per metric tonne (no change). * Crude Soya bean Oil: US $733 per metric tonne (no change). * Brass Scrap (all grades): US $3283 per metric tonne (no change). * Poppy seeds: US $3623 per metric tonne (no change). * **TABLE 2: Tariff Values for Gold and Silver:** * Gold (benefit of entry at serial number 356 of Notification No. 50/2017-Customs dated 30.06.2017): 517 per 10 grams. * Silver (benefit of entry at serial number 357 of Notification No. 50/2017-Customs dated 30.06.2017): 402 per kilogram (no change). * Silver (other than medallions/coins below 99.9% content or semi-manufactured under subheading 7106 92): 402 per kilogram (no change). * Gold bars and coins: 517 per 10 grams * **TABLE 3: Tariff Values for Areca Nuts:** * Areca nuts: US $3782 per metric tonne (no change). Impact Analysis: * **Importers:** Impact: Importers of goods listed in TABLE1, TABLE2, and TABLE3 will be subject to the revised tariff values. Action Required: Importers need to be aware of the updated tariff values and ensure compliance when importing these goods. * **Customs Officials:** Impact: Customs officials are responsible for enforcing the revised tariff values. Action Required: Customs officials need to implement the new tables for assessing customs duties on relevant imported goods. * **Central Board of Indirect Taxes and Customs:** Impact: Responsible for overseeing the implementation of the notification. Action Required: Ensure the notification is properly implemented and monitor its impact.

Key Entities Referenced

Customs Act, 1962: An act of parliament 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 indirect taxes, such as customs and central excise duties. Ministry of Finance, Department of Revenue: A department within the Ministry of Finance responsible for matters relating to revenue. New Delhi: The capital of India, where the notification was issued. Crude Palm Oil: A type of palm oil listed with tariff value. RBD Palm Oil: A type of palm oil listed with tariff value. Brass Scrap: A type of scrap metal listed with tariff value. PRAMOD KUMAR: Director in the F. No. 467012020CusV.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. NO. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एलxx.x-GअI.D-E2x5x0x 32020-218921 CG-DL-E-25032020-218921 असाधारण EXTRAORDINARY भाग II—खण्ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 1082] नई ददल्ली, बधु िार, माच ड25, 2020/चत्रै 5, 1942 No. 1082] NEW DELHI, WEDNESDAY, MARCH 25, 2020/CHAITRA 5, 1942 मत्रं ालय ( जिभाग) ( एि ंसीमा बोड)ड अजधसचू ना नई ददल् ली, 25 , 2020 स.ं 31/2020-सीमा (ग.ैट.ै) का.आ. 1218(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 दक ऐसा करना एि ं समीचीन ह,ै एतद्द्वारा, भारत सरकार, मंत्रालय ( जिभाग) की अजधसूचना स.ं 36/2001-सीमा (ग.ै टै.), ददनांक 3 अगस्ट्त, 2001, जिसे का.आ. 748 (अ), ददनांक 3 अगस्ट्त, 2001 के तहत भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उप-खंड (ii) म ें प्रकाजित दकया 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:्— "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 670 ( ) 2 1511 90 10 आर बी डी पॉम ऑयल 695 ( ) 1605 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 3 1511 90 90 अन् य पॉम ऑयल 683 ( ) 4 1511 10 00 पामोजलन 698 ( ) 5 1511 90 20 आर बी डी पामोलीन 701 ( ) 6 1511 90 90 पामोलीन 700 ( ) 7 1507 10 00 सोयाबीन का कच् चा तेल 733 ( ) 8 7404 00 22 पीतल स्ट् क्रेप (सभी ग्रडे ) 3283 ( ) 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, दकसी भी रूप में, जिसके सम्बन्ध म ें अजधसूचना 517 प्रजत 10 संख्या 50/2017-सीमा िुल्क, ग्राम ददनांक 30.06.2017 की प्रजिजि संख्या 356 के अंतगतड लाभ प्राप्त दकया गया हो 2 71 या 98 रित, दकसी भी रूप म,ें जिसके सम्बन्ध म ें अजधसूचना 402 प्रजत संख्या 50/2017-सीमा िुल्क, दकलोग्राम ददनांक 30.06.2017 की प्रजिजि संख्या 357 के ( अंतगतड लाभ प्राप्त दकया गया हो ) 3 71 (i) , 402 प्रजत , 99.9 दकलोग्राम 7106 92 ( ; ) (ii) , 99.9 , 7106 92 - इ , , 4 71 (i) , , 517 प्रजत 10 इ ग्राम औ ; (ii) , 99.5 , औ , ,[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3 - इ , " " , , , , , , , , सारणी-3 क्रम. स.ं अध् याय/िीर्/ड टैररफ मूल् य माल का जििरण उपिीर्/ड टैररफ मद (अमरीकी डालर प्रजत मीररक टन) (1) (2) (3) (4) 1 080280 सुपारी 3782 ( )” [फा. स.ं 467/01/2020-सीमा –V] , नोट : मूल अजधसूचना भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उप-खंड (ii) म ें अजधसूचना सं. 36/2001- सीमा िुल् क (ग.ै ट.ै ), ददनांक 3 अगस्ट्त, 2001, का.आ. 748 (अ), ददनांक 3 अगस्ट्त, 2001 के तहत प्रकाजित की गई थी, तथा यह अंजतम बार अजधसूचना स.ं 29/2020-सीमािुल्क (ग.ै ट.ै ), ददनांक 20 , 2020, जिसे का.आ. 1187 (अ) ददनाकं 20 , 2020 के तहत भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उप-खंड (ii) म ेंई-प्रकाजित दकया 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 25th March, 2020 No. 31/2020-CUSTOMS (N.T.) S.O. 1218(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, 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 670 (i.e. no change) 2 1511 90 10 RBD Palm Oil 695 (i.e. no change) 3 1511 90 90 Others – Palm Oil 683 (i.e. no change) 4 1511 10 00 Crude Palmolein 698 (i.e. no change) 5 1511 90 20 RBD Palmolein 701 (i.e. no change) 6 1511 90 90 Others – Palmolein 700 (i.e. no change)4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 7 1507 10 00 Crude Soya bean Oil 733 (i.e. no change) 8 7404 00 22 Brass Scrap (all grades) 3283 (i.e. no change) 9 1207 91 00 Poppy seeds 3623 (i.e. no change) 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 at serial number 356 of the 71 or 98 517 per 10 grams Notification 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 402 per kilogram 71 or 98 Notification No. 50/2017-Customs dated (i.e. no change) 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- 402 per kilogram 71 manufactured forms of silver falling under (i.e. no change) sub-heading 7106 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. 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 71 imports of such goods through post, courier 517 per 10 grams 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.[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 5 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 3782 (i.e. no change)‖ [F. No. 467/01/2020-Cus-V] PRAMOD KUMAR, Director 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. 29/2020-Customs (N.T.), dated the 20th March, 2020, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 1187(E), dated 20th March, 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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