## Policy Analysis Report: Customs Tariff Value Amendment Notification No. 49/2021-Customs (N.T.)
**1. Executive Summary:**
This report analyzes Notification No. 49/2021-Customs (N.T.) issued by the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs on May 31, 2021. This notification amends a previous customs notification (No. 36/2001-Customs (N.T.)) by substituting new tables specifying tariff values for various goods, primarily focused on palm oil, soya bean oil, brass scrap, gold, silver, and areca nuts. The core purpose of this amendment is to update the tariff values used for customs duty calculation, impacting importers and exporters of these commodities.
**2. Introduction:**
This report provides an analysis of Notification No. 49/2021-Customs (N.T.), which amends a previous notification concerning tariff values for imported goods. The analysis is based solely on the text of the provided notification and aims to inform stakeholders about the specific changes introduced.
**3. Policy Overview:**
* **Amendment:** This notification amends Notification No. 36/2001-Customs (N.T.), dated August 3, 2001.
* **Core Objective(s):** The core objective, inferred from the text, is to update the tariff values of specific imported goods for the purpose of calculating customs duties. This ensures that customs duties are aligned with current market values, as determined by the Central Board of Indirect Taxes and Customs.
**4. Background and Rationale:**
As an amendment, the rationale is to adjust existing customs duties to reflect current market conditions and prevent valuation discrepancies. The provided text suggests that the previous tariff values were outdated and no longer accurately reflected the prevailing prices of the goods listed (palm oil, soya bean oil, brass scrap, gold, silver and areca nuts). This amendment is likely intended to ensure fair trade practices and revenue collection based on contemporary market prices.
**5. Key Provisions / Changes:**
This notification introduces revised tariff values by substituting the original Tables 1, 2, and 3 of Notification No. 36/2001-Customs (N.T.) with new tables. The key changes are:
* **Change:** Replacement of existing tariff values for goods listed in the original notification.
* **New Rule/Provision:** The notification specifies new US Dollar per Metric Tonne (MT) tariff values for:
* Crude Palm Oil (1222)
* RBD Palm Oil (1245)
* Others Palm Oil (1234)
* Crude Palmolein (1262)
* RBD Palmolein (1265)
* Others Palmolein (1264)
* Crude Soya bean Oil (1452)
* Brass Scrap all grades (5776)
* Areca Nuts (4670)
* It also specifies new values per 10 grams/kilogram for Gold and Silver in various forms
* **Effect of Change:** Importers of these commodities will now have their customs duties calculated based on these new tariff values. This is likely to impact the cost of importing these goods, potentially affecting domestic prices and market dynamics.
**6. Target Audience and Stakeholders:**
The primary target audience and stakeholders include:
* **Importers:** Businesses and individuals importing the goods listed in Tables 1, 2 and 3 (palm oil, soya bean oil, brass scrap, gold, silver and areca nuts).
* **Exporters:** Businesses and individuals exporting the goods listed in Tables 1, 2 and 3 (palm oil, soya bean oil, brass scrap, gold, silver and areca nuts).
* **Customs Brokers and Agents:** Entities involved in facilitating the import and export processes.
* **Domestic Industries:** Industries that utilize these imported commodities as raw materials.
* **Consumers:** Ultimately, consumers may be affected through price changes in products utilizing these imported 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 agency for implementing and enforcing this notification.
* **Timelines/Procedures:** The notification is effective from the date of its issuance, May 31, 2021. Importers are required to declare the imported goods according to the specified tariff headings and pay customs duties based on the revised tariff values.
* **Specific to Changes:** Customs officials will need to use the new tables to assess the duty payable on the listed goods. Businesses will need to update their internal processes to reflect the changed tariff values.
**8. Expected Outcomes / Impact of Changes:**
The likely intended outcomes of these changes include:
* **Accurate Revenue Collection:** Ensuring that customs duties reflect current market values, leading to more accurate revenue collection for the government.
* **Fair Trade Practices:** Promoting fair trade by preventing undervaluation of imports and ensuring a level playing field for domestic industries.
* **Market Adjustments:** The changes in tariff values may impact the price competitiveness of imported goods, potentially leading to adjustments in domestic market prices and trade volumes.
**9. Conclusion:**
Notification No. 49/2021-Customs (N.T.) introduces significant amendments to the tariff values for key imported commodities. This update is crucial for importers, exporters, and related industries, as it directly impacts the cost of importing these goods and affects the overall market dynamics. Stakeholders should carefully review the updated tariff values and adjust their operations accordingly.
Key Entities Referenced
Customs Act, 1962: A legal act referenced in the notification, specifically subsection 2 of section 14.
Central Board of Indirect Taxes and Customs: An organisation responsible for making amendments to notifications related to customs.
Ministry of Finance: The government ministry under which the Department of Revenue falls.
Department of Revenue: A department within the Ministry of Finance.
New Delhi: The location where the notification was issued.
Crude Palm Oil: A type of goods with a specified tariff value.
RBD Palm Oil: A type of goods with a specified tariff value.
Crude Palmolein: A type of goods with a specified tariff value.
RBD Palmolein: A type of goods with a specified tariff value.
Crude Soya bean Oil: A type of goods with a specified tariff value.
Brass Scrap: A type of goods with a specified tariff value.
Gold: A type of goods with a specified tariff value.
Silver: A type of goods with a specified tariff value.
Areca nuts: A type of goods with a specified tariff value.
Notification No. 612 502017Customs dated 30.06.2017: A customs notification that provides benefit to gold.
Notification No. 502017Customs dated 30.06.2017: A customs notification that provides benefit to silver.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-31052021-227267
xxxGIDHxxx
CG-DL-E-31052021-227267
xxxGIDExxx
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 1944] नई दिल्ली, सोमिार, मई 31, 2021/ज्य ष्े ठ 10, 1943
No. 1944] NEW DELHI, MONDAY, MAY 31, 2021/JYAISHTHA 10, 1943
जित्त मंत्रालय
(रािस्ट्ि जिभाग)
(केंद्रीय अप्रत्यक्ष कर एि ं सीमा िल्ु क बोडड)
अजधसचू ना
नई दिल्ली, 31 मई, 2021
स.ं 49/2021-सीमा िल्ु क (ग.ैटै.)
का.आ. 2097(अ).—सीमा िुल्क अजधजनयम, 1962 (1962 का 52) की धारा 14 की उपधारा (2) द्वारा प्रित् त
िजियों का प्रयोग करते हुए, केंद्रीय अप्रत्यक्ष कर एि ं सीमा िुल्क बोडड, इस बात स े संतुष्ट होन ेपर दक ऐसा करना आिश्यक
एि ं समीचीन ह,ै एतद्द्वारा, भारत सरकार, जित्त मंत्रालय (रािस्ट्ि जिभाग) की अजधसूचना स.ं 36/2001-सीमा िुल्क
(ग.ैटै.), दिनांक 3 अगस्ट्त, 2001, जिसे का.आ. 748 (अ), दिनांक 3 अगस्ट्त, 2001 के तहत भारत के रािपत्र, असाधारण
के भाग-II, खंड-3, उपखडं (ii) म ें प्रकाजित दकया गया था, म ें जनम्नजलजखत 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 मि (अमरीकी डालर प्रजत मीररक टन)
(1) (2) (3) (4)
1 1511 10 00 कच्चा पॉम ऑयल 1222
2 1511 90 10 आर बी डी पॉम ऑयल 1245
2906 GI/2021 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
3 1511 90 90 अन् य पॉम ऑयल 1234
4 1511 10 00 कच्चा पामोजलन 1262
5 1511 90 20 आर बी डी पामोलीन 1265
6 1511 90 90 अन्य पामोलीन 1264
7 1507 10 00 सोयाबीन का कच् चा तेल 1452
8 7404 00 22 पीतल स्ट् क्रेप (सभी ग्रडे ) 5776
सारणी-2
क्रम. स.ं अध् याय/िीर्/ड टैररफ मूल् य
माल का जििरण
उपिीर्/ड टैररफ मि (अमरीकी डालर)
(1) (2) (3) (4)
1 71 या 98 स्ट्िणड, दकसी भी रूप में, जिसके सम्बन्ध म ें अजधसूचना 612 प्रजत 10 ग्राम
संख्या 50/2017-सीमा िुल्क, दिनांक 30.06.2017 की
प्रजिजष्ट संख्या 356 के अतं गतड लाभ प्राप्त दकया गया हो
2 71 या 98 रित, दकसी भी रूप म,ें जिसके सम्बन्ध म ें अजधसूचना 890 प्रजत
संख्या 50/2017-सीमा िुल्क, दिनांक 30.06.2017 की दकलोग्राम
प्रजिजष्ट संख्या 357 के अतं गतड लाभ प्राप्त दकया गया हो
3 71 (i) रित, पिकीय या रित जसक्कों स े जभन्न दकसी भी रूप 890 प्रजत
म,ें जिसकी रित अंतिडस्ट्त ु 99.9 प्रजतित स े कम नहीं ह ै दकलोग्राम
या उपिीर् ड 7106 92 के अधीन आन े िाले रित के अध ड
जिजनर्मडत प्ररूप;
(ii) पिकीय या रित जसक्के, जिसकी रित अंतिडस्ट्त ु 99.9
प्रजतित स े कम नहीं ह ै या डाक, कुररयर या सामान के
माध्यम स े ऐसे माल के आयात स े जभन्न उपिीर् ड 7106 92
के अधीन आन े िाले रित के अधड जिजनर्मडत प्ररूप।
स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोिनों के जलए, दकसी भी
प्ररूप म ें रित के अंतगडत जििेिी मुद्रा के जसक्के, रित स े
बने आभूर्ण या रित स े बनी िस्ट्तुए ंनहीं ह।ैं
4 71 (i) स्ट्िणड बार, तोला बार स े जभन्न, जिस पर जिजनमाडणकताड 612 प्रजत 10 ग्राम
या ररयाइनर का खुिा हुआ क्रम संख्यांक और जमररक
यूजनटों म ेंभार अजभव्यि ह;ै
(ii) स्ट्िणड जसक्के, जिसम ें 99.5 प्रजतित स े अन्यून स्ट्िण ड ह,ै
और स्ट्िणड प्राजप्तयां, डाक, कुररयर या बैगेि के माध्यम स े
ऐसे माल के आयात से जभन्न।
स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोिन के जलए, "स्ट्िण ड
प्राजप्तयां" स े कोई छोटा संघटक, िैसे हुक, क्लास्ट्प, क्लैंप,
जपन, कैच, स्ट्क्रू बैक, जिसका उपयोग पूण ड आभूर्ण या
उसके दकसी भाग को स्ट्थान म ें िोड़े रखने के जलए दकया
िाता ह,ै अजभप्रेत ह।ै[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3
सारणी-3
क्रम. स.ं अध् याय/िीर्/ड टैररफ मूल् य
माल का जििरण
उपिीर्/ड टैररफ मि
(अमरीकी डालर प्रजत मीररक टन)
(1) (2) (3) (4)
1 080280 सुपारी 4670”
[फा. स.ं 467/01/2021-सीमा िुल्क –V]
बुलो मामु, अिर सजचि
नोट: मूल अजधसूचना भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) म ें अजधसूचना सं. 36/2001-सीमा
िुल् क (ग.ैटै.), दिनांक 3 अगस्ट्त, 2001, का.आ. 748 (अ), दिनांक 3 अगस्ट्त, 2001 के तहत प्रकाजित की गई थी,
तथा यह अंजतम बार अजधसूचना स.ं 47/2021-सीमािुल्क (ग.ै ट.ै ), दिनांक 13 मई, 2021, जिसे का.आ. 1857
(अ) दिनांक 13 मई, 2021, के तहत भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) म ें ई-प्रकाजित
दकया 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 31st May, 2021
No. 49 /2021-CUSTOMS (N.T.)
S.O. 2097(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
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 1222
2 1511 90 10 RBD Palm Oil 1245
3 1511 90 90 Others – Palm Oil 1234
4 1511 10 00 Crude Palmolein 1262
5 1511 90 20 RBD Palmolein 1265
6 1511 90 90 Others – Palmolein 1264
7 1507 10 00 Crude Soya bean Oil 1452
8 7404 00 22 Brass Scrap (all grades) 5776
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
71 or 98 entries at serial number 356 of the Notification No. 612 per 10 grams
50/2017-Customs dated 30.06.2017 is availed
2. 71 or 98 Silver, in any form, in respect of which the benefit 890 per kilogram4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
of entries at serial number 357 of the 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
71 forms of silver falling under sub-heading 7106 92, 890 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 such
71 612 per 10 grams
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/ sub- Description of goods Tariff value
No. heading/tariff item (US $ Per Metric Tonne)
(1) (2) (3) (4)
1 080280 Areca nuts 4670”
[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. 47/2021-Customs (N.T.),
dated the 13th May, 2021, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-
section (ii), vide number S.O. 1857 (E), dated 13th May, 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.