Home India Ministry of Finance In exercise of the powers conferred by sub section 2 of Sect...
Date: 2017-10-13 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, No. 95/2017-Customs (N.T.), issued on October 13, 2017, by the Ministry of Finance, Department of Revenue, Central Board of Excise and Customs, amends Notification No. 36/2001-Customs (N.T.) dated August 3, 2001. The amendment substitutes new tables specifying tariff values for various goods, including palm oil, soya bean oil, brass scrap, poppy seeds, gold, silver and areca nuts. **Key Points / Main Content:** * **Amendment Authority:** The notification is issued under subsection 2 of Section 14 of the Customs Act, 1962. * **Superseded Tables:** TABLE1, TABLE2 and TABLE3 of the original notification are replaced. * **Revised Tariff Values (TABLE1):** * Crude Palm Oil: US$719 per Metric Tonne * RBD Palm Oil: US$751 per Metric Tonne * Others Palm Oil: US$735 per Metric Tonne * Crude Palmolein: US$754 per Metric Tonne * RBD Palmolein: US$757 per Metric Tonne * Others Palmolein: US$756 per Metric Tonne * Crude Soya bean Oil: US$824 per Metric Tonne * Brass Scrap (all grades): US$3540 per Metric Tonne * Poppy seeds: US$2622 per Metric Tonne * **Revised Tariff Values (TABLE2):** * Gold (benefit of entries at serial number 356 and 358 of Notification No. 50/2017-Customs dated 30.06.2017 is availed): US$415 per 10 grams * Silver (benefit of entries at serial number 357 and 359 of Notification No. 50/2017-Customs dated 30.06.2017 is availed): US$554 per kilogram * **Revised Tariff Values (TABLE3):** * Areca nuts: US$3965 per Metric Tonne * **Reference to Previous Amendments:** The notification references that the principal notification was last amended vide Notification No. 93/2017-Customs (N.T.), dated the 29th September, 2017. **Impact Analysis** * **Importers and Exporters:** * *Impact:* Changes in tariff values directly affect the cost of importing and exporting goods listed in the tables. * *Action Required:* Need to update their financial calculations and customs declarations based on the new tariff values. * **Customs Officials:** * *Impact:* 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 ensuring the smooth implementation of the amended notification. * *Action Required:* Monitor the impact of the revised tariff values and address any issues that may arise.

Key Entities Referenced

Customs Act, 1962: An Indian law pertaining to customs duties and regulations, referenced as the legal basis for the notification. Central Board of Excise and Customs: A government body responsible for excise and customs administration. Now known as Central Board of Indirect Taxes and Customs (CBIC) New Delhi: The location of the Ministry of Finance, Department of Revenue, where the notification was issued. Union Territory in India. Ministry of Finance: The government ministry responsible for financial matters, including the Department of Revenue. Department of Revenue: A department within the Ministry of Finance responsible for revenue collection and tax administration. Notification No. 362001Customs N.T.: A previous notification related to customs, dated August 3, 2001, which this notification amends. Notification No. 502017Customs: A customs notification dated 30.06.2017 regarding gold and silver. SATYAJIT MOHANTY: Director, ICD. Signatory of the notification.
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REGD. NO. D. L.-33004/99 EXTRAORDINARY II— — (ii) PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY 2909] No. 2909] NEW DELHI, FRIDAY, OCTOBER 13, 2017/ASVINA 21, 1939 वित्त‍ ‍मत्रं ालय (राजस्ि‍ ‍विभाग) (केन्‍दर‍ीय‍उत्प‍ ाद‍एि‍ं सीमा‍शल्ु क‍ ‍बोर्ड) अविसचू ना नई‍ददल्‍ली,‍13 अक्त‍ ूबर, 2017 स.ं 95 /2017-सीमा‍शल्ु क‍ ‍(ग.ैटै.) का.‍आ. 3324(अ).—सीमा‍शुल्‍क‍अविवनयम,‍1962 (1962 का 52)‍की‍िारा‍14‍की‍उपिारा‍(2)‍द्वारा‍प्रदत्‍त‍ शवक्त‍ यों‍का‍प्रयोग‍करते‍हुए,‍केन्‍द‍रीय‍उत्‍पाद‍एि‍ं सीमा‍शुल्‍क‍बोर्ड,‍इस‍बात‍स‍े संतुष्ट‍‍होने‍पर‍दक‍ऐसा‍करना‍आिश्‍यक‍एि‍ं समीचीन‍ह,ै‍एतद्द्वारा,‍भारत‍सरकार,‍वित्‍त‍मंत्रालय‍(राजस्ि‍ ‍विभाग)‍की‍अविसूचना‍स.ं‍36/2001-सीमा‍शुल्‍क‍(ग.ै‍टै.),‍ ददनांक‍3‍अगस्त,‍2001, वजसे‍का.आ. 748 (अ),‍ददनांक‍3‍अगस्त,‍2001‍के‍तहत‍प्रकावशत‍दकया गया था,‍में‍वनम्न‍ वलवतत‍ संशोिन‍करता‍ह,ै अथाडत्:— उक्त‍ ‍अविसूचना‍म,ें‍सारणी-1, सारणी-2 और सारणी-3 के स्थान पर वनम्नवलवतत सारवणयााँ प्रवतस्थावपत की जाएाँगी, अथाडत:्— "सारणी-1 क्रम.‍स.ं अध्‍याय/शीर्/ड उपशीर्/ड‍ टैररफ‍मूल्‍य‍ टैररफ‍मद माल‍का‍वििरण (अमरीकी‍र्ालर‍ प्रवत‍मीरिक‍टन) (1) (2) (3) (4) 1 1511 10 00 कच्‍चा‍पॉम‍ऑयल 719 6235 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 2 1511 90 10 आर‍बी‍र्ी‍पॉम‍ऑयल 751 3 1511 90 90 अन्‍द‍य‍पॉम‍ऑयल 735 4 1511 10 00 कच्‍चा‍पामोवलन 754 5 1511 90 20 आर‍बी‍र्ी‍पामोलीन 757 6 1511 90 90 अन्‍द‍य‍पामोलीन 756 7 1507 10 00 सोयाबीन‍का‍कच्‍चा‍तेल 824 8 7404 00 22 पीतल‍स्‍क्रेप‍(सभी‍ग्रर्े ) 3540 9 1207 91 00 पोस्‍त‍बीज 2622 सारणी-2 क्रम.‍स.ं अध्‍याय/शीर्/ड ‍ टैररफ‍मूल्‍य माल‍का‍वििरण उपशीर्ड/‍टैररफ‍मद (अमरीकी‍र्ालर) (1) (2) (3) (4) 1 71 या 98 स्िणड, दकसी भी रूप में, वजसके‍सम्बन्‍दि‍म‍ें अविसूचना‍ 415 प्रवत 10 ग्राम संख्या 50/2017-सीमा‍शुल्क,‍ददनांक 30.06.2017 की प्रविवि संख्या 356 और 358 के‍अंतगडत‍लाभ‍प्राप्त‍दकया‍ गया‍हो 2 71 या 98 रजत, दकसी भी रूप म,ें वजसके सम्बन्‍दि म ें अविसूचना 554 प्रवत संख्या 50/2017-सीमा‍शुल्क,‍ददनांक 30.06.2017 की दकलोग्राम प्रविवि संख्या 357 और 359 के‍अंतगडत‍लाभ‍प्राप्त‍दकया‍ गया‍हो सारणी-3 क्रम.‍स.ं अध्‍याय/शीर्/ड ‍ टैररफ‍मूल्‍य उपशीर्ड/‍टैररफ‍मद माल‍का‍वििरण ‍(अमरीकी‍र्ालर‍प्रवत‍ मीरिक‍टन) (1) (2) (3) (4) 1 080280 सुपारी 3965” [फा.‍स.ं ‍467/1/2017-सीमा‍शुल्‍क–V] सत्यजीत‍मोहवं त, ‍वनदेशक नोट:-‍मूल‍अविसूचना‍भारत‍के‍राजपत्र,‍असािारण‍के‍भाग-II,‍तंर्-3,‍उपतंर्‍(ii)‍म‍ें अविसूचना‍सं.‍36/2001-सीमा‍शुल्क‍ ‍ (ग.ैटै.),‍ददनांक‍3‍अगस्त,‍2001, का.आ.‍748 (अ),‍ददनांक‍3‍अगस्त,‍2001‍के‍तहत‍प्रकावशत‍की‍गई‍थी,‍तथा‍यह‍अंवतम‍ बार‍अविसूचना‍स.ं‍93/2017-सीमाशुल्क‍(ग.ै ट.ै ),‍ददनांक‍29 सितम्बर, 2017, वजसे का.आ. 3205 (अ)‍ददनांक 29 सितम्बर, 2017 के‍तहत‍भारत‍के‍राजपत्र,‍असािारण‍के‍भाग-II,‍तंर्-3,‍उपतंर्‍(ii)‍म‍ें ई-प्रकावशत दकया गया था, के द्वारा संशोवित‍की‍गई‍थीIII (ii) 3 MINISTRY OF FINANCE (Department of Revenue) (Central Board of Excise and Customs) NOTIFICATION New Delhi, the 13th October, 2017 No. 95/2017-CUSTOMS (N.T.) S.O. 3324(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 Chapter/ heading/ sub- Tariff value Sl. No. Description of goods heading/tariff item (US $Per Metric Tonne) (1) (2) (3) (4) 1 1511 10 00 Crude Palm Oil 719 2 1511 90 10 RBD Palm Oil 751 3 1511 90 90 Others – Palm Oil 735 4 1511 10 00 Crude Palmolein 754 5 1511 90 20 RBD Palmolein 757 6 1511 90 90 Others – Palmolein 756 7 1507 10 00 Crude Soya bean Oil 824 8 7404 00 22 Brass Scrap (all grades) 3540 9 1207 91 00 Poppy seeds 2622 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 356 and 358 of the 71 or 98 415 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 and 359 of the 71 or 98 554 per kilogram Notification No. 50/2017-Customs dated 30.06.2017 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 3965” [F. No. 467/01/2017 -Cus-V] SATYAJIT MOHANTY, Director (ICD) 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. 93/2017-Customs (N.T.), dated the 29th September, 2017, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 3205 (E), dated 29th September, 2017. 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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