## Report on Customs Notification No. 55/2021-Customs (N.T.)
**1. Executive Summary:**
This report analyzes Customs Notification No. 55/2021-Customs (N.T.), issued by the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs. This notification amends a previous notification (No. 36/2001-Customs N.T.) by substituting the existing tables with new ones, effectively revising the tariff values for certain imported goods, including palm oil, soya bean oil, brass scrap, gold, silver, and areca nuts. The key finding is a revised valuation structure for these commodities, potentially impacting import costs and trade flows.
**2. Introduction:**
This report aims to provide a detailed overview of Customs Notification No. 55/2021-Customs (N.T.) based solely on the provided text. The report will focus on the changes introduced by this notification, their potential impact, and the stakeholders involved.
**3. Policy Overview:**
This notification is an **amendment** to the Government of India's Ministry of Finance, Department of Revenue Notification No. 36/2001-Customs N.T., dated the 3rd August, 2001.
The core objective of this amendment, inferred from the text, is to **revise the tariff values** for specific imported goods.
**4. Background and Rationale:**
The likely reason for this amendment is to adjust the valuation of the specified goods for customs purposes. This may be due to fluctuations in international market prices, changes in government policy, or the need to ensure fair and consistent valuation for import duties. The amendment aims to reflect current market conditions and ensure accurate duty collection.
**5. Key Provisions / Changes:**
This notification focuses on amending the original policy by **substituting TABLE1, TABLE2, and TABLE3 of the original notification**.
* **Specific Change:** The notification replaces the existing tables with new tables listing specific goods and their corresponding tariff values.
* **New Rules/Provisions:** The new tables specify the tariff values for the following goods:
* **TABLE 1:** Lists Crude Palm Oil, RBD Palm Oil, Others Palm Oil, Crude Palmolein, RBD Palmolein, Others Palmolein, Crude Soya bean Oil, and Brass Scrap all grades. Each item is assigned a specific "US$ Per Metric Tonne" value.
* **TABLE 2:** Details the tariff values for Gold and Silver in various forms (specified conditions apply in relation to Notification No. 566/2017-Customs dated 30.06.2017 and Notification No. 50/2017-Customs dated 30.06.2017 respectively), expressed in "per 10 grams" or "per kilogram". It includes explanations regarding the definition of gold and silver for the purposes of this entry.
* **TABLE 3:** Specifies the tariff value for Areca nuts, expressed in "US$ Per Metric Tonne."
* **Difference/Effect:** The impact is a change in the amount of customs duty levied on the imported goods listed in the tables. The new tariff values will likely result in either an increase or decrease in import duties compared to the previous rates.
**6. Target Audience and Stakeholders:**
Based on the text, the direct target audience and stakeholders include:
* **Importers of Palm Oil and its fractions, Soya bean Oil, Brass Scrap, Gold, Silver, and Areca nuts.** These businesses will be directly impacted by the changes in tariff values.
* **Customs brokers and agents:** These entities will need to be aware of the new tariff values to accurately calculate duties for their clients.
* **The Central Board of Indirect Taxes and Customs (CBIC):** This body is responsible for implementing and administering the changes.
**7. Implementation Aspects (Inferred):**
* **Responsible Agency:** The Central Board of Indirect Taxes and Customs (CBIC) is responsible for implementing and administering this notification.
* **Timeline:** The notification comes into force on **July 1, 2021.**
* **Procedures:** The CBIC will likely issue instructions to customs officials regarding the implementation of the revised tariff values. Importers will need to declare the goods according to the new tariff headings and pay duties based on the revised values.
**8. Expected Outcomes / Impact of Changes:**
The likely intended outcome of these changes is to:
* **Adjust import costs** for the specified goods to reflect current market prices.
* **Ensure accurate collection of customs duties** based on updated valuations.
* **Potentially influence trade flows** of these commodities, depending on whether the tariff values have increased or decreased. An increase in tariff values could discourage imports, while a decrease could encourage them.
**9. Conclusion:**
Customs Notification No. 55/2021-Customs (N.T.) is a significant amendment that revises the tariff values for imported Palm Oil and its fractions, Soya bean Oil, Brass Scrap, Gold, Silver, and Areca nuts. The changes are effective from July 1, 2021, and are likely to impact import costs, customs revenue, and trade flows for these commodities. Importers and customs brokers need to be aware of these changes to ensure compliance and accurate duty payments.
Key Entities Referenced
Customs Act, 1962: An act referenced for the powers conferred to the Central Board of Indirect Taxes and Customs.
Central Board of Indirect Taxes and Customs: The organization responsible for making amendments to notifications regarding customs duties.
Ministry of Finance: The ministry under which the Department of Revenue and the Central Board of Indirect Taxes and Customs operate.
Department of Revenue: A department within the Ministry of Finance.
New Delhi: Location of the notification, likely the headquarters of the Ministry of Finance. State is not mentioned in the document
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, in any form, in respect of which the benefit of 71 or 98 entries at serial number 356 of the Notification No. 566 per 10 grams 502017Customs dated 30.06.2017 is availed
Silver: A type of goods with a specified tariff value, in any form, in respect of which the benefit 71 or 98 of entries at serial number 357 of the Notification 836 per kilogram No. 502017Customs dated 30.06.2017 is availed
Areca nuts: A type of goods with a specified tariff value.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-30062021-228016
xxxGIDHxxx
CG-DL-E-30062021-228016
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.ं 2453] नई दिल्ली, बुधिार, िनू 30, 2021/आषाढ़ 9, 1943
No. 2453] NEW DELHI, WEDNESDAY, JUNE 30, 2021/ASHADHA 9, 1943
जित्त मंत्रालय
(रािस्ट्ि जिभाग)
(केंद्रीय अप्रत्यक्ष कर एि ं सीमा िुल्क बोडड)
अजधसूचना
नई दिल्ली, 30 िून, 2021
स.ं 55/2021-सीमा िुल्क (ग.ैटै.)
का.आ. 2644(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 होने पर दक ऐसा करना आिश्यक
एि ं समीचीन ह,ै एतद्द्वारा, भारत सरकार, जित्त मंत्रालय (रािस्ट्ि जिभाग) की अजधसूचना स.ं 36/2001-सीमा िुल्क
(ग.ै ट.ै ), दिनांक 3 अगस्ट्त, 2001, जिसे का.आ. 748 (अ), दिनांक 3 अगस्ट्त, 2001 के तहत भारत के रािपत्र, असाधारण
के भाग-II, खंड-3, उपखंड (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:्-
3629 GI/2021 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
"सारणी-1
क्रम. स.ं अध्य ाय/िीष/ड उपिीष/ड टैररफ मल्ू य
माल का जििरण
टैररफ मि (अमरीकी डालर प्रजत मीररक टन)
(1) (2) (3) (4)
1 1511 10 00 कच्चा पॉम ऑयल 1036
2 1511 90 10 आर बी डी पॉम ऑयल 1059
3 1511 90 90 अन् य पॉम ऑयल 1048
4 1511 10 00 कच्चा पामोजलन 1065
5 1511 90 20 आर बी डी पामोलीन 1068
6 1511 90 90 अन्य पामोलीन 1067
7 1507 10 00 सोयाबीन का कच् चा तेल 1246
8 7404 00 22 पीतल स्ट् क्रेप (सभी ग्रडे ) 5549
सारणी-2
क्रम. स.ं अध्य ाय/िीष/ड
टैररफ मल्ू य
उपिीष/ड टैररफ मि माल का जििरण
(अमरीकी डालर)
(1) (2) (3) (4)
1 71 या 98 स्ट्िणड, दकसी भी रूप में, जिसके सम्बन्ध म ें अजधसूचना 566 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 836 प्रजत
संख्या 50/2017-सीमा िुल्क, दिनांक 30.06.2017 की दकलोग्राम
प्रजिजष्ट संख्या 357 के अतं गतड लाभ प्राप्त दकया गया हो
(i) रित, पिकीय या रित जसक्कों स े जभन्न दकसी भी रूप
म,ें जिसकी रित अंतिडस्ट्त ु 99.9 प्रजतित स े कम नहीं ह ै
या उपिीष ड 7106 92 के अधीन आन े िाले रित के अध ड
जिजनर्मडत प्ररूप;
836 प्रजत
(ii) पिकीय या रित जसक्के, जिसकी रित अंतिडस्ट्त ु 99.9
दकलोग्राम
3 71 प्रजतित से कम नहीं ह ै या डाक, कुररयर या सामान के
माध्यम स े ऐसे माल के आयात स े जभन्न उपिीष ड 7106
92 के अधीन आन ेिाले रित के अध डजिजनर्मडत प्ररूप।
स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोिनों के जलए, दकसी भी
प्ररूप म ें रित के अंतगतड जििेिी मुद्रा के जसक्के, रित स े
बने आभूषण या रित स े बनी िस्ट्तुए ंनहीं ह।ैं[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3
(i) स्ट्िणड बार, तोला बार से जभन्न, जिस पर
जिजनमाडणकता ड या ररयाइनर का खुिा हुआ क्रम संख्यांक
और जमररक यूजनटों में भार अजभव्यि ह;ै
(ii) स्ट्िणड जसक्के, जिसमें 99.5 प्रजतित स े अन्यून स्ट्िण ड ह,ै
और स्ट्िणड प्राजप्तयां, डाक, कुररयर या बैगेि के माध्यम स े
4 71 ऐसे माल के आयात से जभन्न। 566 प्रजत 10 ग्राम
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 आभूषण या
उसके दकसी भाग को स्ट्थान म ें िोड़े रखन े के जलए दकया
िाता ह,ै अजभप्रेत ह।ै
सारणी-3
क्रम. स.ं अध् याय/िीष/ड
टैररफ मूल् य
उपिीष/ड टैररफ मि माल का जििरण
(अमरीकी डालर प्रजत मीररक टन)
(1) (2) (3) (4)
1 080280 सुपारी 4904”
2. यह अजधसूचना 1 िलु ाई, 2021 से प्रभािी होगी I
[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.ं 53/2021-सीमािुल्क (ग.ै ट.ै ), दिनांक 16 िनू , 2021, जिसे का.आ. 2349
(अ) दिनांक 16 िून, 2021, के तहत भारत के रािपत्र, असाधारण के भाग-II, खडं -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 30th June, 2021
No. 55 /2021-CUSTOMS (N.T.)
S.O. 2644(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.),4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
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 1036
2 1511 90 10 RBD Palm Oil 1059
3 1511 90 90 Others – Palm Oil 1048
4 1511 10 00 Crude Palmolein 1065
5 1511 90 20 RBD Palmolein 1068
6 1511 90 90 Others – Palmolein 1067
7 1507 10 00 Crude Soya bean Oil 1246
8 7404 00 22 Brass Scrap (all grades) 5549
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
71 or 98 entries at serial number 356 of the Notification No. 566 per 10 grams
50/2017-Customs dated 30.06.2017 is availed
2. Silver, in any form, in respect of which the benefit
71 or 98 of entries at serial number 357 of the Notification 836 per kilogram
No. 50/2017-Customs dated 30.06.2017 is availed
(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
71 836 per kilogram
forms of silver falling under sub-heading 7106 92,
other than imports of such goods through post,
courier or baggage.
3.
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.
(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
71 566 per 10 grams
goods through post, courier or baggage.
4. 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.[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 5
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 4904”
2. This notification shall come into force with effect from the 1st day of July, 2021.
[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. 53/2021-Customs (N.T.), dated the 16th June, 2021, e-published in
the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O.
2349 (E), dated 16th June, 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.