Executive Summary:
This notification, issued by the Central Board of Excise and Customs, amends notification No. 362001-Customs N.T. dated August 3, 2001, regarding tariff values. It provides updated tariff values for various goods, including palm oil, soya bean oil, brass scrap, poppy seeds, gold, silver and areca nuts. The notification is effective as of November 30, 2017.
Key Points / Main Content:
* **Amendment Authority:** The notification is issued under subsection 2 of section 14 of the Customs Act, 1962.
* **Supersession:** TABLE1, TABLE2, and TABLE3 of the original notification are replaced.
* **Updated Tariff Values (TABLE 1):**
* Crude Palm Oil: \$703 US per Metric Tonne
* RBD Palm Oil: \$742 US per Metric Tonne
* Others Palm Oil: \$723 US per Metric Tonne
* Crude Palmolein: \$743 US per Metric Tonne
* RBD Palmolein: \$746 US per Metric Tonne
* Others Palmolein: \$745 US per Metric Tonne
* Crude Soya bean Oil: \$844 US per Metric Tonne
* Brass Scrap all grades: \$3677 US per Metric Tonne
* Poppy seeds: \$2576 US per Metric Tonne
* **Updated Tariff Values (TABLE 2):**
* Gold: \$413 per 10 grams (subject to conditions outlined in Notification No. 50/2017-Customs dated 30.06.2017)
* Silver: \$544 per kilogram (subject to conditions outlined in Notification No. 50/2017-Customs dated 30.06.2017)
* **Updated Tariff Values (TABLE 3):**
* Areca nuts: \$3965 US per Metric Tonne
Impact Analysis:
**Importers and Exporters:**
* *Impact:* The revised tariff values will directly affect the cost of importing and exporting the specified goods, potentially impacting profitability and trade volumes.
* *Action Required:* Importers and exporters need to update their costing models and pricing strategies based on the new tariff values to ensure accurate declarations and financial planning.
**Customs Officials:**
* *Impact:* Customs officials are responsible for enforcing the updated tariff values, which affects revenue collection and trade regulation.
* *Action Required:* Customs officials must implement the new tariff values for assessment and duty collection purposes.
**Central Board of Excise and Customs:**
* *Impact:* Responsible for monitoring the impact of the revised tariff values on trade and revenue.
* *Action Required:* Monitor trade data and revenue collection to assess the effectiveness of the tariff value adjustments.
Key Entities Referenced
Customs Act, 1962: A law that governs customs duties and regulations in India; this notification is issued under Section 14(2) of this Act.
Central Board of Excise and Customs: A government agency under the Department of Revenue, Ministry of Finance, responsible for formulating policy concerning levy and collection of customs and central excise duties and service tax.
Ministry of Finance: A ministry of the Government of India responsible for the country's finances and economy.
Department of Revenue: A department under the Ministry of Finance, Government of India.
New Delhi: The capital city of India, where the notification was issued.
Notification No. 362001Customs N.T., dated the 3rd August, 2001: An earlier notification being amended by the current notification.
Notification No. 1092017Customs N.T., dated the 15th November, 2017: A more recent notification that amended the principal notification.
Zubair Riaz: Director of Customs, as indicated by the signature on the notification.
REGD. NO. D. L.-33004/99
EXTRAORDINARY
II— — (ii)
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
3313]
No. 3313] NEW DELHI, THURSDAY, NOVEMBER 30, 2017/AGRAHAYANA 9, 1939
वित्त मत्रं ालय
(राजस्िविभाग)
(केन्दरीयउत्पादएिंसीमाशल्ु क बोर्ड)
अविसूचना
नईददल्ली,30 नवम्बर, 2017
स.ं 112/2017-सीमाशल्ु क (ग.ैटै.)
का.आ.3779(अ).—सीमाशुल्कअविवनयम,1962 (1962 का 52)कीिारा14कीउपिारा(2)द्वाराप्रदत्त
शवत योंकाप्रयोगकरतेहुए,केन्दरीयउत्पादएिं सीमाशुल्कबोर्ड,इसबातसे संतुष्टहोनेपरदकऐसाकरनाआिश्यकएिं
समीचीनह,ैएतद्द्वारा,भारतसरकार,वितत मंत्रालय(राजस्ि विभाग)कीअविसूचनास.ं36/2001-सीमाशुल्क(ग.ैटै.),
ददनांक3अगस्त,2001, वजसेका.आ. 748 (अ),ददनांक3अगस्त,2001केतहतप्रकावशतदकया गया था,में
वनम्न वलवततसंशोिनकरताह,ै अथाडत :-
उत 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(अमरीकीर्ालर
मालकावििरण
टैररफमद प्रवतमीरिकटन)
(1) (2) (3) (4)
1 1511 10 00 कच्चापॉमऑयल 703
2 1511 90 10 आरबीर्ीपॉमऑयल 742
3 1511 90 90 अन्दयपॉमऑयल 723
6977 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
4 1511 10 00 कच्चापामोवलन 743
5 1511 90 20 आरबीर्ीपामोलीन 746
6 1511 90 90 अन्दयपामोलीन 745
7 1507 10 00 सोयाबीनकाकच्चातेल 844
8 7404 00 22 पीतलस्क्रेप(सभीग्रर्े ) 3677
9 1207 91 00 पोस्तबीज 2576
सारणी-2
क्रम.स.ं अध्याय/शीर्/ड टैररफमूल्य
मालकावििरण
उपशीर्/ड टैररफमद
(अमरीकीर्ालर)
(1) (2) (3) (4)
1 71 या 98 स्िणड, दकसी भी रूप म,ें वजसके सम्बन्दि में अविसूचना 413 प्रवत 10 ग्राम
संख्या 50/2017-सीमा शुल्क, ददनांक 30.06.2017 की
प्रविवि संख्या 356 और 358 केअंतगतड लाभप्राप्तदकया
गयाहो
2 71 या 98 रजत, दकसी भी रूप म,ें वजसके सम्बन्दि म ें अविसूचना 544 प्रवत दकलोग्राम
सख्ं या 50/2017-सीमा शुल्क, ददनांक 30.06.2017 की
प्रविवि संख्या 357 और 359 केअंतगतड लाभप्राप्तदकया
गयाहो
सारणी-3
क्रम.स.ं अध्याय/शीर्/ड टैररफमूल्य(अमरीकीर्ालर
मालकावििरण
उपशीर्ड/टैररफमद प्रवतमीरिकटन)
(1) (2) (3) (4)
1 080280 सुपारी 3965”
[फा.स.ं 467/01/2017-सीमाशुल्क–V]
ज़ुबैर ररयाज़,ननदेशक (सीमा शुल्क)
नोट:मूलअविसूचनाभारतकेराजपत्र,असािारणकेभाग-II,तंर्-3,उपतर्ं (ii)में अविसूचनासं.36/2001-सीमा
शुल्क(ग.ैटै.),ददनांक3अगस्त,2001, का.आ.748(अ),ददनांक3अगस्त,2001केतहतप्रकावशतकीगईथी,
तथा यह अंवतम बार अविसूचना स.ं 109/2017-सीमा शुल्क (ग.ैटै.), ददनांक 15 नवम्बर, 2017, वजसे
का.आ. 3601(अ), ददनांक 15 नवम्बर, 2017 के तहत भारत के राजपत्र, असािारण के भाग-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 30th November, 2017
No. 112/2017-CUSTOMS (N.T.)
S.O. 3779(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
Tariff value
Chapter/ heading/
Sl. No. Description of goods (US $Per Metric
sub-heading/tariff item
Tonne)
(1) (2) (3) (4)
1 1511 10 00 Crude Palm Oil 703
2 1511 90 10 RBD Palm Oil 742
3 1511 90 90 Others – Palm Oil 723
4 1511 10 00 Crude Palmolein 743
5 1511 90 20 RBD Palmolein 746
6 1511 90 90 Others – Palmolein 745
7 1507 10 00 Crude Soya bean Oil 844
8 7404 00 22 Brass Scrap (all grades) 3677
9 1207 91 00 Poppy seeds 2576
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 98 413 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 98 544 per kilogram
of the 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/ Description of goods
Tariff value
No. sub-heading/tariff
(US $ Per Metric Tonne)
item
(1) (2) (3) (4)
1 080280 Areca nuts 3965”
[F. No. 467/01/2017 -Cus-V]
ZUBAIR RIAZ, Director (Customs)
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. 109/2017-Customs (N.T.), dated the 15th November, 2017, e-published in the Gazette of
India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 3601(E), dated
15th November, 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.