Home India Ministry of Finance In exercise of the powers conferred by subsection (2) of sec...
Date: 2021-06-15 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by subsection (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs

Issued by Ministry of Finance · Department of Revenue

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Okay, I'm ready to analyze the provided policy text and generate the report. **Report on Customs Notification No. 52/2021 - Customs (N.T.)** **1. Executive Summary:** This report analyzes Customs Notification No. 52/2021, an *amendment* to a previous customs notification (No. 36/2001-Customs (N.T.)). The core purpose of this amendment is to update the tariff values for certain imported goods, specifically crude palm oil, RBD palm oil, other palm oil, crude palmolein, RBD palmolein, other palmolein, crude soya bean oil, brass scrap all grades, gold and silver. The key finding is that the amendment replaces existing tables related to tariff values with updated ones, impacting importers of these commodities. **2. Introduction:** This report provides an informative overview of Customs Notification No. 52/2021 - Customs (N.T.), issued by the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs (CBIC). The analysis is based solely on the provided text of the notification. **3. Policy Overview:** * This notification is an *amendment* to the original Notification No. 36/2001-Customs (N.T.), dated August 3, 2001. * **Core Objective(s):** The core objective of the amendment, inferred from the text, is to update the tariff values used for the purpose of assessment of customs duties on the specified imported goods. The intention is likely to reflect current market prices and ensure appropriate duty collection. **4. Background and Rationale:** This is an *amendment*. The likely reason for this specific amendment is to adjust the tariff values of the listed goods to reflect changes in their international market prices. The notification explicitly states that the CBIC deemed it "necessary and expedient" to make these amendments, implying that the existing tariff values were no longer aligned with the prevailing market conditions, potentially leading to under or over valuation of goods for duty purposes. **5. Key Provisions / Changes:** This notification *amends* the original policy. Specifically, it *replaces* TABLE1, TABLE2 and TABLE3 of the original notification with new tables. * **Specific Part Changed:** TABLE 1, TABLE 2 and TABLE 3. * **New Rule/Provision:** The *new* rules are the updated tariff values provided in the new TABLE1, TABLE2, and TABLE3. These tables specify the "Tariff value US$ Per Metric Tonne" or "US$ per 10 grams" or "US$ per kilogram" for different goods. TABLE 1 covers different kinds of Palm Oil, Soya Bean Oil and Brass Scrap. TABLE 2 covers Gold and Silver in any form and TABLE 3 covers Areca nuts. * **Difference/Effect of Change:** The effect of this change is that the customs duties levied on imports of the specified goods will now be calculated based on these *new* tariff values, rather than the old ones. The duty will either increase or decrease depending on how the new rate compares to the previous rate. **6. Target Audience and Stakeholders:** Based on the text, the primary target audience and stakeholders are: * Importers of Crude Palm Oil, RBD Palm Oil, Others Palm Oil, Crude Palmolein, RBD Palmolein, Others Palmolein, Crude Soya bean Oil, Brass Scrap, Gold, Silver, and Areca nuts. * Customs officials and authorities responsible for assessing and collecting import duties on these goods. * Businesses involved in the trade and processing of these commodities. **7. Implementation Aspects (Inferred):** * **Responsible Agency:** The Central Board of Indirect Taxes and Customs (CBIC), under the Department of Revenue, Ministry of Finance, is the responsible agency. * **Timelines:** The notification states that it will come into force on June 16, 2021. * The implementation involves customs officials using the new tariff values specified in the amended tables to calculate the assessable value and applicable duties on the imported goods listed. **8. Expected Outcomes / Impact of Changes:** The likely intended outcome of these specific changes is: * More accurate valuation of imported goods for customs duty purposes, reflecting prevailing market prices. * Potentially increased or decreased customs duty collection depending on the change in tariff values. * Impact on the profitability of importers, depending on whether the tariff values have increased or decreased relative to their purchase prices. **9. Conclusion:** Customs Notification No. 52/2021 represents an important update to the tariff values used for customs duty assessment on a range of imported commodities. The amendment, effective from June 16, 2021, replaces existing tables with updated values, which will directly impact importers and customs revenue. This notification ensures that import duties align with market conditions.

Key Entities Referenced

Customs Act, 1962: A legal act that empowers the Central Board of Indirect Taxes and Customs to make amendments related to tariffs and customs duties. Central Board of Indirect Taxes and Customs: An organization under the Department of Revenue, Ministry of Finance, responsible for making amendments in notifications related to 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 that oversees the Central Board of Indirect Taxes and Customs. New Delhi: The location where the notification was issued. Crude Palm Oil: A type of palm oil with tariff item 1511 10 00. Tariff value US $1222 per metric tonne RBD Palm Oil: A type of palm oil with tariff item 1511 90 10. Tariff value US $1245 per metric tonne Others Palm Oil: A type of palm oil with tariff item 1511 90 90. Tariff value US $1234 per metric tonne Crude Palmolein: A type of palmolein oil with tariff item 1511 10 00. Tariff value US $1262 per metric tonne RBD Palmolein: A type of palmolein oil with tariff item 1511 90 20. Tariff value US $1265 per metric tonne Others Palmolein: A type of palmolein oil with tariff item 1511 90 90. Tariff value US $1264 per metric tonne Crude Soya bean Oil: A type of soya bean oil with tariff item 1507 10 00. Tariff value US $1452 per metric tonne Brass Scrap: Brass Scrap all grades with tariff item 7404 00 22. Tariff value US $5761 per metric tonne Gold: Gold, in any form, in respect of which the benefit of 71 or 98 entries at serial number 356 of the Notification No. 601 per 10 grams 502017Customs dated 30.06.2017 is availed Silver: Silver, in any form, in respect of which the benefit 71 or 98 of entries at serial number 357 of the Notification 893 per kilogram No. 502017Customs dated 30.06.2017 is availed Areca nuts: Areca nuts with tariff item 080280. Tariff value US $4904 per metric tonne RATHAKRISHNAN ANANTH: Dy. Secy.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-15062021-227640 xxxGIDHxxx CG-DL-E-15062021-227640 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.ं 2174] नई दिल्ली, मगं लिार, िनू 15, 2021/ज्य ष्े ठ 25, 1943 No. 2174] NEW DELHI, TUESDAY, JUNE 15, 2021/JYAISTHA 25, 1943 जित्त मत्रं ालय (रािस्ट्ि जिभाग) (केंद्रीय अप्रत्यक्ष कर एिं सीमा िल्ु क बोडड) अजधसचू ना नई दिल्ली, 15 िून, 2021 स.ं 52/2021-सीमा िल्ु क (ग.ैटै.) का. आ. 2338(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 एिं 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:्- 3251 GI/2021 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] "सारणी-1 क्रम. स.ं अध य् ाय/िीर्ड/उपिीर्/ड टैररफ मूल य् माल का जििरण टैररफ मि (अमरीकी डालर प्रजत मीररक टन) (1) (2) (3) (4) 1 1511 10 00 कच्चा पॉम ऑयल 1222(अथाडत कोई पररितडन नहीं) 2 1511 90 10 आर बी डी पॉम ऑयल 1245(अथाडत कोई पररितडन नहीं) 3 1511 90 90 अन य् पॉम ऑयल 1234(अथाडत कोई पररितडन नहीं) 4 1511 10 00 कच्चा पामोजलन 1262(अथाडत कोई पररितडन नहीं) 5 1511 90 20 आर बी डी पामोलीन 1265(अथाडत कोई पररितडन नहीं) 6 1511 90 90 अन्य पामोलीन 1264(अथाडत कोई पररितडन नहीं) 7 1507 10 00 सोयाबीन का कच् चा तेल 1452(अथाडत कोई पररितडन नहीं) 8 7404 00 22 पीतल स क्र् ेप (सभी ग्रेड) 5761 सारणी-2 क्रम. स.ं अध य् ाय/िीर्ड/ उपिीर्ड/ टैररफ मूल य् माल का जििरण टैररफ मि (अमरीकी डालर) (1) (2) (3) (4) 1 71 या 98 स्ट्िणड, दकसी भी रूप में, जिसके सम्बन्ध म ें अजधसूचना 601 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 893 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 उपिीर् ड7106 92 के अधीन आन े िाले रित के अधड जिजनर्मडत प्ररूप; 893 प्रजत 3 71 (ii) पिकीय या रित जसक्के, जिसकी रित अंतिडस्ट्त ु 99.9 दकलोग्राम प्रजतित स ेकम नहीं ह ैया डाक, कुररयर या सामान के माध्यम से ऐसे माल के आयात स े जभन्न उपिीर् ड 7106 92 के अधीन आन े िाले रित के अधड जिजनर्मडत प्ररूप। स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोिनों के जलए, दकसी भी प्ररूप म ें रित के अंतगडत जििेिी मुद्रा के जसक्के, रित स े बने आभूर्ण या रित स े बनी िस्ट्तुए ंनहीं ह।ैं (i) स्ट्िण ड बार, तोला बार से जभन्न, जिस पर जिजनमाडणकताड या ररयाइनर का खुिा हुआ क्रम संख्यांक और जमररक[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3 यूजनटों म ेंभार अजभव्यि ह;ै (ii) स्ट्िणड जसक्के, जिसम ें 99.5 प्रजतित स े अन्यून स्ट्िण ड ह,ै 4 71 और स्ट्िण ड प्राजप्तयां, डाक, कुररयर या बैगेि के माध्यम 601 प्रजत 10 ग्राम स े ऐसे माल के आयात से जभन्न। स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोिन के जलए, "स्ट्िण ड प्राजप्तयां" स े कोई छोटा सघं टक, िैसे हुक, क्लास्ट्प, क्लैंप, जपन, कैच, स्ट्क्रू बैक, जिसका उपयोग पूण ड आभूर्ण या उसके दकसी भाग को स्ट्थान म ें िोड़े रखने के जलए दकया िाता ह,ै अजभप्रेत ह।ै सारणी-3 क्रम. स.ं अध य् ाय/िीर्ड/ टैररफ मूल य् माल का जििरण उपिीर्/ड टैररफ मि (अमरीकी डालर प्रजत मीररक टन) (1) (2) (3) (4) 1 080280 सुपारी 4904” 2. यह अजधसूचना िनू , 2021 के 16िें दिन स ेप्रभािी होगी I [फा. स.ं 467/01/2021-सीमा िुल्क-V] राधाकृष्णन आनंि, उपसजचि नोट:- मूल अजधसूचना भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) म ें अजधसूचना स.ं 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.ं 49/2021-सीमािुल्क (गै.ट.ै ), दिनांक 31 मई, 2021, जिसे का.आ. 2097 (अ) दिनांक 31 मई, 2021, के तहत भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) म ें ई-प्रकाजित दकया गया था, के द्वारा संिोजधत की गई थीI4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 15th June, 2021 No. 52 /2021-CUSTOMS (N.T.) S.O. 2338(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.), 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 1222 (i.e. no change) 2 1511 90 10 RBD Palm Oil 1245 (i.e. no change) 3 1511 90 90 Others – Palm Oil 1234 (i.e. no change) 4 1511 10 00 Crude Palmolein 1262 (i.e. no change) 5 1511 90 20 RBD Palmolein 1265 (i.e. no change) 6 1511 90 90 Others – Palmolein 1264 (i.e. no change) 7 1507 10 00 Crude Soya bean Oil 1452 (i.e. no change) 8 7404 00 22 Brass Scrap (all grades) 5761 TABLE-2 Sl. No. Chapter/ heading/ sub- Description of goods Tariff value heading/tariff item (US $) (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. 601 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 893 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 3. 71 893 per kilogram forms of silver falling under sub-heading 7106 92, other than imports of such goods through post, courier or baggage. 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 71 manufacturer’s or refiner’s engraved serial 601 per 10 grams number and weight expressed in metric units;[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 5 (ii) Gold coins having gold content not below 99.5% and gold findings, other than imports of such goods through post, courier or baggage. Explanation. - For the purposes of this entry, “gold 4. 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. TABLE-3 Sl. No. Chapter/ heading/ sub- Description of goods Tariff value heading/tariff item (US $ Per Metric Tonne) (1) (2) (3) (4) 1 080280 Areca nuts 4904” 2. This notification shall come into force with effect from the 16th day of June, 2021 [F. No. 467/01/2021-Cus-V] RATHAKRISHNAN ANANTH, Dy. 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. 49/2021-Customs (N.T.), dated the 31st May, 2021, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 2097 (E), dated 31st May, 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.

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