Home India Ministry of Finance In exercise of the powers conferred by sub section 2 of sect...
Date: 2018-09-28 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 notification No. 362001-Customs N.T., dated August 3, 2001, regarding tariff values for specific goods. It substitutes new tables specifying tariff values for various items, including palm oil, palmolein, soya bean oil, brass scrap, poppy seeds, gold, silver and areca nuts. The notification is effective as of September 28, 2018. Key Points / Main Content: Amended Notification: The notification No. 84/2018-Customs (N.T.) amends the earlier notification No. 36/2001-Customs N.T., dated August 3, 2001. Substitution of Tables: TABLE 1: Lists revised tariff values (US$ per metric tonne) for: Crude Palm Oil: 549 RBD Palm Oil: 584 Others Palm Oil: 567 Crude Palmolein: 594 RBD Palmolein: 597 Others Palmolein: 596 Crude Soya bean Oil: 701 Brass Scrap (all grades): 3626 Poppy seeds: 1894 TABLE 2: Lists revised tariff values for: Gold (benefit of Notification No. 50/2017-Customs dated 30.06.2017): 71 or 98 per 10 grams. Silver (benefit of Notification No. 50/2017-Customs dated 30.06.2017): 71 or 98 per kilogram. TABLE 3: Lists revised tariff values (US$ per metric tonne) for: Areca nuts: 3947 Impact Analysis: Importers and Exporters: Impact: Changes in tariff values affect the cost of importing and exporting goods like palm oil, gold, silver and areca nuts. Action Required: Assess the impact of revised tariff values on import/export costs and adjust pricing strategies accordingly. Customs Officials: Impact: The notification provides updated tariff values to be used for assessment and collection of customs duties. Action Required: Implement the revised tariff values for relevant goods as specified in the new tables. Central Board of Indirect Taxes and Customs: Impact: Responsible for ensuring the accurate and consistent application of the revised tariff values across all customs locations. Action Required: Monitor the implementation of the notification and address any issues or discrepancies that may arise.

Key Entities Referenced

Department of Revenue: A department within the Ministry of Finance, involved in the notification. Customs Act, 1962: A law governing customs duties and regulations in India, referenced as the legal basis for the notification. Central Board of Indirect Taxes and Customs: The government agency responsible for formulating policy concerning indirect taxes and customs, issuing the notification. Ministry of Finance: The government ministry under which the Department of Revenue and CBIC operate. New Delhi: The location of publication and the likely seat of the involved government bodies. Notification No. 362001Customs N.T.: The original notification being amended by this document. Notification No. 502017Customs: Notification referred in TABLE2 for benefit of entries B. KONTHOUJAM: The Under Secretary who signed the notification.
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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- 3835] ubZ fnYyh] शशशश(cid:3)(cid:3)ुु(cid:3)(cid:3)ुु okj] flrEcj 28] 2018@vkf'ou 6] 1940 No. 3835] NEW DELHI, FRIDAY, SEPTEMBER 28, 2018/ASVINA 6, 1940 ििििवववव(cid:3)(cid:3)(cid:3)(cid:3) मममम(cid:7)(cid:7)ंं(cid:7)(cid:7)ंं ााााललललयययय ((((ररररााााजजजज(cid:8)(cid:8)(cid:8)(cid:8)वववव ििििववववभभभभाााागगगग)))) ((((ककककेेेे(cid:17)(cid:17)(cid:17)(cid:17)(cid:18)(cid:18)(cid:18)(cid:18) ीीीीयययय अअअअ(cid:22)(cid:22)(cid:22)(cid:22)(cid:23)(cid:23)(cid:23)(cid:23)यय यय (cid:24)(cid:24)(cid:24)(cid:24) ककककरररर एएएएवववव ंं ंंससससीीीीममममाााा शशशश(cid:29)(cid:29)ुु(cid:29)(cid:29)ुु कककक बबबबोोोोडडडड))!!))!! अअअअििििधधधधससससचचूूचचूू ननननाााा नई (cid:1)द(cid:3)ली, 28 िसत(cid:9)ब र, 2018 सससस..ंं..ंं 88884444////2222000011118888----ससससीीीीममममाााा शशशश(cid:3)(cid:3)ुु(cid:3)(cid:3)ुु कक कक ((((गगगग..ैै..ैैटटटटैै..ैै..)))) ककककाााा....आआआआ.... 5555000011114444((((अअअअ))))....————सीमा शु(cid:3) क अिधिनयम, 1962 (1962 का 52) क(cid:15) धारा 14 क(cid:15) उपधारा (2) (cid:16)ारा (cid:19)द(cid:20)त शि(cid:21)य(cid:23) का (cid:19)योग करते (cid:26)ए, के(cid:29) (cid:30)ीय अ(cid:19)(cid:20)य कर एवं सीमा शु(cid:3)क बोड," इस बात स े संतु$ट होने पर (cid:1)क ऐसा करना आव( यक एवं समीचीन ह,ै एत)ारा, भारत सरकार, िव(cid:20)त म+ं ालय (राज-व िवभाग) क(cid:15) अिधसूचना सं. 36/2001-सीमा शु(cid:3) क (गै. टै.), (cid:1)दनांक 3 अग-त, 2001, िजसे का.आ. 748(अ), (cid:1)दनांक 3 अग-त, 2001 के तहत भारत के राजप+, असाधारण के भाग-II, खंड-3, उप-खंड (ii) म 0 (cid:19)कािशत (cid:1)कया गया था, म 0 िन(cid:9) निलिखत संशोधन करता ह,ै अथा"त:् - उ4 त अिधसूचना म,0 सारणी-1, सारणी-2 और सारणी-3 के -थान पर िन5िलिखत सारिणया ँ (cid:19)ित-थािपत क(cid:15) जाएगँ ी, अथा"त:् - 5696GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] """"ससससााााररररणणणणीीीी----1111 7म. सं. अ8 याय/शीष/" उपशीष/" टै;रफ मू(cid:3) य टै;रफ मद माल का िववरण (अमरीक(cid:15) डालर (cid:19)ित मी;>क टन) (1) (2) (3) (4) 1 1511 10 00 क?च ा पॉम ऑयल 549 2 1511 90 10 आर बी डी पॉम ऑयल 584 3 1511 90 90 अ(cid:29)य पॉम ऑयल 567 4 1511 10 00 क?च ा पामोिलन 594 5 1511 90 20 आर बी डी पामोलीन 597 6 1511 90 90 अ(cid:29)य पामोलीन 596 7 1507 10 00 सोयाबीन का क?च ा तेल 701 8 7404 00 22 पीतल -7 ेप (सभी Aडे ) 3626 9 1207 91 00 पो-त बीज 1894 ससससााााररररणणणणीीीी-2 7म. सं. अ8 याय/शीष/" टै;रफ मू(cid:3) य उपशीष/" टै;रफ माल का िववरण (अमरीक(cid:15) डालर) मद (1) (2) (3) (4) 1 71 या 98 -वण," (cid:1)कसी भी Cप म,0 िजसके स(cid:9)ब(cid:29)ध म 0 381 (cid:19)ित 10 अिधसूचना संEया 50/2017-सीमा शु(cid:3)क, Aाम (cid:1)दनांक 30.06.2017 क(cid:15) (cid:19)िविF संEया 356 और 358 के अंतग"त लाभ (cid:19)ाG (cid:1)कया गया हो 2 71 या 98 रजत, (cid:1)कसी भी Cप म,0 िजसके स(cid:9)ब(cid:29)ध म 0 465 (cid:19)ित अिधसूचना संEया 50/2017-सीमा शु(cid:3)क, (cid:1)कलोAाम (cid:1)दनांक 30.06.2017 क(cid:15) (cid:19)िविF संEया 357 और 359 के अंतग"त लाभ (cid:19)ाG (cid:1)कया गया हो¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 3 ससससााााररररणणणणीीीी----3333 7म. सं. अ8 याय/शीष/" टै;रफ मू(cid:3)य उपशीष/" टै;रफ माल का िववरण (अमरीक(cid:15) डालर (cid:19)ित मद मी;>क टन) (1) (2) (3) (4) 1 080280 सुपारी 3947” [फा. सं. 467/01/2018-सीमा शु(cid:3) क–V] िब. कोनथौजम, अवर सिचव ननननोोोोटटटट :::: मूल अिधसूचना भारत के राजप+, असाधारण के भाग-II, खंड-3, उप-खंड (ii) म 0 अिधसूचना सं. 36/2001- सीमा शु(cid:3) क (गै.टै.), (cid:1)दनांक 3 अग-त, 2001, का.आ. 748(अ), (cid:1)दनांक 3 अग-त, 2001 के तहत (cid:19)कािशत क(cid:15) गई थी, तथा यह अंितम बार अिधसूचना स.ं 78/2018-सीमाशु(cid:3)क (ग.ै टै.), (cid:1)दनांक 14 िसत(cid:9)बर, 2018, िजस े का.आ. 4869(अ) (cid:1)दनांक 14 िसत(cid:9)बर, 2018 के तहत भारत के राजप+, असाधारण के भाग-II, खंड-3, उप-खंड (ii) म 0 ई-(cid:19)कािशत (cid:1)कया गया था, के (cid:16)ारा संशोिधत क(cid:15) गई थी I MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 28 th September, 2018 No. 84/2018-CUSTOMS (N.T.) G.S.R. 5014(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 549 2 1511 90 10 RBD Palm Oil 584 3 1511 90 90 Others – Palm Oil 567 4 1511 10 00 Crude Palmolein 5944 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 5 1511 90 20 RBD Palmolein 597 6 1511 90 90 Others – Palmolein 596 7 1507 10 00 Crude Soya bean Oil 701 8 7404 00 22 Brass Scrap (all grades) 3626 9 1207 91 00 Poppy seeds 1894 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 and 358 71 or 98 381 per 10 grams of the 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 71 or 98 465 per kilogram of the Notification No. 50/2017-Customs dated 30.06.2017 is availed 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 3947” [F. No. 467/01/2018-Cus-V] B. KONTHOUJAM, 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. 78/2018-Customs (N.T.), dated the 14th September, 2018, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 4869(E), dated 14th September, 2018. 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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