Home India Ministry of Finance In exercise of the powers conferred by sub section 2 of sect...
Date: 2019-01-31 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 notification No. 362001Customs N.T., dated August 3, 2001, regarding tariff values for imported goods. It substitutes the existing tables with revised 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 January 31, 2019. Key Points / Main Content: Revised Tariff Values: * Table 1 provides revised tariff values in US dollars per metric tonne for: * Crude Palm Oil: 552 * RBD Palm Oil: 579 * Others Palm Oil: 566 * Crude Palmolein: 580 * RBD Palmolein: 583 * Others Palmolein: 582 * Crude Soya bean Oil: 734 * Brass Scrap (all grades): 3577 * Poppy seeds: 2576 * Table 2 provides revised tariff values in US dollars for: * Gold (benefit of Notification No. 502017Customs dated 30.06.2017): 422 per 10 grams * Silver (benefit of Notification No. 502017Customs dated 30.06.2017): 514 per kilogram * Table 3 provides revised tariff values in US dollars per metric tonne for: * Areca nuts: 3942 Impact Analysis: Importers: * Impact: Importers of palm oil, palmolein, soya bean oil, brass scrap, poppy seeds, gold, silver and areca nuts will be subject to the revised tariff values. * Action Required: Importers need to calculate duties based on the new tariff values specified in the notification. Customs Authorities: * Impact: Customs officials must use the revised tariff values for assessment and collection of duties on imported goods. * Action Required: Implement the new tariff values for relevant goods. Central Board of Indirect Taxes and Customs: * Impact: Responsible for the effective implementation of the amended notification. * Action Required: Ensure dissemination of the notification to all relevant departments and stakeholders.

Key Entities Referenced

Customs Act, 1962: A law enacted by the Parliament of India relating to customs duty. Central Board of Indirect Taxes and Customs: A government agency responsible for the formulation of policy concerning levy and collection of customs duties, central excise duties and service tax. New Delhi: The capital of India, where the notification was issued. Ministry of Finance: A ministry of the Government of India concerned with the economy of India, serving as the Indian Treasury. Department of Revenue: A department of the Ministry of Finance in the Government of India. It controls the collection of direct and indirect taxes. Notification No. 502017Customs: A customs notification, referenced in the document. Dr. SREEPARVATHY S.L.: Under Secretary, who signed the notification. Crude Palm Oil: A type of palm oil, with specific tariff values mentioned in 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- 450] ubZ fnYyh] c`gLifrokj] tuojh 31] 2019@ek?k 11] 1940 No. 450] NEW DELHI, THURSDAY, JANUARY 31, 2019/MAGHA 11, 1940 ििििवववव(cid:3)(cid:3)(cid:3)(cid:3)तत तत मममम(cid:8)(cid:8)ंं(cid:8)(cid:8)ंं ााााललललयययय ((((ररररााााजजजज(cid:15)(cid:15)(cid:15)(cid:15) वव वव ििििववववभभभभाााागगगग)))) ((((ककककेेेे(cid:18)(cid:18)(cid:18)(cid:18)(cid:19)(cid:19)(cid:19)(cid:19) ीीीीयययय अअअअ(cid:22)(cid:22)(cid:22)(cid:22)(cid:3)(cid:3)(cid:3)(cid:3)यय यय (cid:23)(cid:23)(cid:23)(cid:23) ककककरररर एएएएवववव ंं ंंससससीीीीममममाााा शशशश(cid:28)(cid:28)ुु(cid:28)(cid:28)ुु कककक बबबबोोोोडडडड)) )) अअअअििििधधधधससससचचूूचचूू ननननाााा नई (cid:4)द(cid:6)ली, 31 जनवरी, 2019 सससस..ंं..ंं 00007777////2222000011119999----ससससीीीीममममाााा शशशश(cid:28)(cid:28)ुु(cid:28)(cid:28)ुु कककक ((((गगगग..ैै..ैैटटटटैै..ैै..)))) ककककाााा....आआआआ.... 555566663333((((अअअअ))))....— सीमा शु(cid:6)क अिधिनयम, 1962 (1962 का 52) क(cid:13) धारा 14 क(cid:13) उपधारा (2) (cid:14)ारा (cid:17)द(cid:18) त शि(cid:21)य(cid:23) का (cid:17)योग करते (cid:26)ए, के(cid:29)(cid:30) ीय अ(cid:17)(cid:18)य कर एवं सीमा शु(cid:6)क बोड,# इस बात से संतु& ट होन े पर (cid:4)क ऐसा करना आव* यक एवं समीचीन ह,ै एतद (cid:14)् रा, भारत सरकार, िव(cid:18) त मं,ालय (राज- व िवभाग) क(cid:13) अिधसूचना सं. 36/2001-सीमा शु(cid:6) क (ग.ै टै.), (cid:4)दनाकं 3 अग-त, 2001, िजसे का.आ. 748 (अ), (cid:4)दनाकं 3 अग-त, 2001 के तहत भारत के राजप,, असाधारण के भाग-II, खंड-3, उपखंड (ii) म 0(cid:17)कािशत (cid:4)कया गया था, म0 िन1न िलिखत संशोधन करता ह,ै अथात# ्:- उ5त अिधसूचना म,0 सारणी-1, सारणी-2 और सारणी-3 के -थान पर िन6िलिखत सारिणया ँ (cid:17)ित-थािपत क(cid:13) जाएँगी, अथा#त:्- """"ससससााााररररणणणणीीीी----1111 8म. सं. अ9य ाय/शीष/#उपशीष/# टै<रफ मू(cid:6) य टै<रफ मद माल का िववरण (अमरीक(cid:13) डालर (cid:17)ित मी<?क टन) (1) (2) (3) (4) 1 1511 10 00 क@ चा पॉम ऑयल 552 2 1511 90 10 आर बी डी पॉम ऑयल 579 3 1511 90 90 अ(cid:29) य पॉम ऑयल 566 653 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 4 1511 10 00 क@ चा पामोिलन 580 5 1511 90 20 आर बी डी पामोलीन 583 6 1511 90 90 अ(cid:29) य पामोलीन 582 7 1507 10 00 सोयाबीन का क@ चा तले 734 8 7404 00 22 पीतल -8 ेप (सभी Bेड) 3577 9 1207 91 00 पो- त बीज 2576 ससससााााररररणणणणीीीी----2222 8म. सं. अ9य ाय/शीष/# टै<रफ मू(cid:6) य उपशीष/# टै<रफ मद माल का िववरण (अमरीक(cid:13) डालर) (1) (2) (3) (4) 1 71 या 98 -वण#, (cid:4)कसी भी Dप म0, िजसके स1ब(cid:29)ध म 0अिधसूचना 422 (cid:17)ित 10 Bाम सFं या 50/2017-सीमा शु(cid:6)क, (cid:4)दनाकं 30.06.2017 क(cid:13) (cid:17)िविG सFं या 356 और 358 के अंतग#त लाभ (cid:17)ाH (cid:4)कया गया हो 2 71 या 98 रजत, (cid:4)कसी भी Dप म,0 िजसके स1ब(cid:29)ध म 0अिधसूचना 514 (cid:17)ित सFं या 50/2017-सीमा शु(cid:6)क, (cid:4)दनाकं 30.06.2017 क(cid:13) (cid:4)कलोBाम (cid:17)िविG सFं या 357 और 359 के अंतग#त लाभ (cid:17)ाH (cid:4)कया गया हो ससससााााररररणणणणीीीी----3333 (cid:1)म. सं. अ(cid:4) याय/शीष/(cid:11) टै(cid:16)रफ मू(cid:20) य उपशीष/(cid:11) टै(cid:16)रफ माल का िववरण (अमरीक(cid:22) डालर (cid:23)ित मद मी(cid:16)(cid:26)क टन) (1) (2) (3) (4) 1 080280 सुपारी 3942” [फा. सं. 467/01/2019-सीमा शु(cid:20) क–V] डॉ. (cid:31)ीपावत(cid:11) ी एस. एल.,,,, अवर सिचव ननननोोोोटटटट:::: मूल अिधसूचना भारत के राजप%, असाधारण के भाग- II, खंड-3, उपखंड ( ii) म & अिधसूचना सं. 36/2001- सीमा शु(cid:20) क (गै.टै.), ’दनांक 3 अग-त, 2001, का.आ. 748 (अ), ’दनांक 3 अग-त, 2001 के तहत (cid:23)कािशत क(cid:22) गई थी, तथा यह अंितम बार अिधसचू ना सं. 04/2019-सीमाशु(cid:20)क (गै.टै.), ’दनाकं 15 जनवरी, 2019, िजस े का.आ. 302(अ) ’दनांक 15 जनवरी, 2019 के तहत भारत के राजप%, असाधारण के भाग-II, खंड-3, उपखंड (ii) म & ई-(cid:23)कािशत ’कया गया था, के 2ारा संशोिधत क(cid:22) 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 INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 31st January, 2019 No. 07/2019-CUSTOMS (N.T.) S.O. 563(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 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 552 2 1511 90 10 RBD Palm Oil 579 3 1511 90 90 Others – Palm Oil 566 4 1511 10 00 Crude Palmolein 580 5 1511 90 20 RBD Palmolein 583 6 1511 90 90 Others – Palmolein 582 7 1507 10 00 Crude Soya bean Oil 734 8 7404 00 22 Brass Scrap (all grades) 3577 9 1207 91 00 Poppy seeds 2576 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 98 422 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 98 514 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 3942” [F. No. 467/01/2019 -Cus-V] Dr. SREEPARVATHY S.L., 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. 04/2016-Customs (N.T.), dated the 15th January, 2019, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 302(E), dated 15th January, 2019. 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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