Home India Ministry of Finance In exercise of the powers conferred by subsection 2 of secti...
Date: 2020-08-31 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

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. 362001Customs N.T., dated August 3, 2001, regarding tariff values. It provides updated tables of tariff values for various goods, as per subsection 2 of section 14 of the Customs Act, 1962. The notification is effective as of August 31, 2020. Key Points / Main Content: * **Amendment Details:** * Replaces TABLE1, TABLE2, and TABLE3 in the original notification. * **TABLE1: Tariff Values for Various Goods (US Per Metric Tonne)** * Crude Palm Oil: 730 * RBD Palm Oil: 755 * Others Palm Oil: 743 * Crude Palmolein: 761 * RBD Palmolein: 764 * Others Palmolein: 763 * Crude Soya bean Oil: 821 * Brass Scrap all grades: 3776 * Poppy seeds: 3623 * **TABLE 2: Tariff values for Gold and Silver** * Gold, in any form, benefiting from Notification No. 502017Customs dated 30.06.2017 serial number 356: 630 per 10 grams * Silver, in any form, benefiting from Notification No. 502017Customs dated 30.06.2017 serial number 357: 881 per kilogram * Silver, excluding certain medallions/coins/semi-manufactured forms under subheading 7106 92: 881 per kilogram * Gold bars, other than tola bars, bearing manufacturers or refiners engraved serial number and weight expressed in metric units: 630 per 10 grams * Gold coins having gold content not below 99.5 and gold findings: II 3ii : 5 * **TABLE 3: Tariff Values for Various Goods (US Per Metric Tonne)** * Areca nuts: 3720 Impact Analysis: * **Importers:** * Impact: Need to be aware of the revised tariff values for customs calculations. * Action Required: Use the updated tariff values for declaring and paying customs duties on imported goods. * **Customs Authorities:** * Impact: Required to implement the new tariff values for assessment and collection of customs duties. * Action Required: Enforce the updated tariff values as specified in the notification.

Key Entities Referenced

Customs Act, 1962: An Indian legislation related to customs duties and regulations, referenced in the context of exercising conferred powers. Central Board of Indirect Taxes and Customs: A government body under the Department of Revenue, Ministry of Finance, responsible for indirect taxes, customs, and related matters in India. 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. Crude Palm Oil: A type of palm oil with a specified tariff value. RBD Palm Oil: Refined, Bleached, and Deodorized Palm Oil, a type of palm oil with a specified tariff value. Notification No. 502017Customs: A customs notification dated 30.06.2017 related to entries for gold and silver.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एलxx.x-GअI.D-E3x1x0x 82020-221460 CG-DL-E-31082020-221460 असाधारण EXTRAORDINARY भाग II—खण्ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 2625] नई कदल्ली, सोमिार, अगस्ट्त 31, 2020/भाद्र 9, 1942 No. 2625] NEW DELHI, MONDAY, AUGUST 31, 2020/BHADRA 9, 1942 मत्रं ालय ( जिभाग) ( एि ंसीमा बोड)ड अजधसचू ना नई , 31 , 2020 स.ं 83/2020-सीमा (ग.ैट.ै) का.आ. 2956(अ).—सीमा अजधजनयम, 1962 (1962 का 52) की धारा 14 की उपधारा (2) द्वारा प्रदत् त का प्रयोग करते हुए, एि ं सीमा बोडड, इस बात स े होन ेपर कक ऐसा करना एिं समीचीन ह,ै एतद्द्वारा, भारत सरकार, मंत्रालय ( जिभाग) की अजधसूचना स.ं 36/2001-सीमा (ग.ै ट.ै ), कदनांक 3 अगस्ट्त, 2001, जिसे का.आ. 748 (अ), कदनांक 3 अगस्ट्त, 2001 के तहत भारत के रािपत्र, असाधारण के भाग-II, खडं -3, उपखडं (ii) म ें प्रकाजित ककया गया था, म ें संिोधन करता ह,ै अथाडत:्- उक्त अजधसूचना म,ें सारणी-1, सारणी-2 और सारणी-3 के स्ट्थान पर जनम्नजलजखत सारजणयााँ प्रजतस्ट्थाजपत की िाएाँगी, अथाडत:्- 4018 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] "सारणी-1 क्रम. स.ं अध् याय/िीर्/ड उपिीर्/ड टैररफ मूल् य माल का जििरण टैररफ मद (अमरीकी डालर प्रजत मीररक टन) (1) (2) (3) (4) 1 1511 10 00 पॉम ऑयल 730 2 1511 90 10 आर बी डी पॉम ऑयल 755 3 1511 90 90 अन् य पॉम ऑयल 743 4 1511 10 00 पामोजलन 761 5 1511 90 20 आर बी डी पामोलीन 764 6 1511 90 90 पामोलीन 763 7 1507 10 00 सोयाबीन का कच् चा तेल 821 8 7404 00 22 पीतल स्ट् क्रेप (सभी ग्रडे ) 3776 9 1207 91 00 पोस्ट् त बीि 3623 सारणी-2 क्रम. स.ं अध् याय/िीर्/ड टैररफ मूल् य उपिीर्/ड टैररफ माल का जििरण (अमरीकी डालर) मद (1) (2) (3) (4) 1 71 या 98 स्ट्िणड, ककसी भी रूप में, जिसके सम्बन्ध म ें अजधसूचना 630 प्रजत 10 ग्राम संख्या 50/2017-सीमा िुल्क, कदनांक 30.06.2017 की प्रजिजि संख्या 356 के अतं गतड लाभ प्राप्त ककया गया हो 2 71 या 98 रित, ककसी भी रूप म,ें जिसके सम्बन्ध म ें अजधसूचना 881 प्रजत संख्या 50/2017-सीमा िुल्क, कदनांक 30.06.2017 की ककलोग्राम प्रजिजि संख्या 357 के अतं गतड लाभ प्राप्त ककया गया हो 3 71 (i) , 881 प्रजत , 99.9 ककलोग्राम 7106 92 ; (ii) , 99.9 , 7106 92 - इ , ,[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3 4 71 (i) , , 630 प्रजत 10 ग्राम इ औ ; (ii) , 99.5 , औ , , - इ , " " , , , , , , , , सारणी-3 क्रम. स.ं अध् याय/िीर्/ड टैररफ मूल् य माल का जििरण उपिीर्/ड टैररफ मद (अमरीकी डालर प्रजत मीररक टन) (1) (2) (3) (4) 1 080280 सुपारी 3720” [फा. स.ं 467/01/2020-सीमा –V] , नोट : मूल अजधसूचना भारत के रािपत्र, असाधारण के भाग-II, खडं -3, उपखंड (ii) म ें अजधसूचना सं. 36/2001-सीमा िुल् क (ग.ैटै.), कदनांक 3 अगस्ट्त, 2001, का.आ. 748 (अ), कदनांक 3 अगस्ट्त, 2001 के तहत प्रकाजित की गई थी, तथा यह अंजतम बार अजधसूचना स.ं 72/2020-सीमािुल्क (ग.ैटै.), कदनांक 14 , 2020, जिसे का.आ. 2770 (अ) कदनांक 14 , 2020 के तहत भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उपखडं (ii) म ें ई-प्रकाजित ककया 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 31st August, 2020 No. 83/2000-CUSTOMS (N.T.) S.O. 2956(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:-4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 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 730 2 1511 90 10 RBD Palm Oil 755 3 1511 90 90 Others – Palm Oil 743 4 1511 10 00 Crude Palmolein 761 5 1511 90 20 RBD Palmolein 764 6 1511 90 90 Others – Palmolein 763 7 1507 10 00 Crude Soya bean Oil 821 8 7404 00 22 Brass Scrap (all grades) 3776 9 1207 91 00 Poppy seeds 3623 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 of the 71 or 98 630 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 of the 881 per kilogram 71 or 98 Notification No. 50/2017-Customs dated 30.06.2017 is availed 3. (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 881 per kilogram 71 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. 4. (i) Gold bars, other than tola bars, bearing 71 manufacturer’s or refiner’s engraved serial 630 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 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. Chapter/ heading/ Description of goods Tariff value No. sub-heading/tariff (US $ Per Metric Tonne) item (1) (2) (3) (4) 1 080280 Areca nuts 3720‖ [F. No. 467/01/2020 -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. 72/2020-Customs (N.T.), dated the 14th August, 2020, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 2770 (E), dated 14th August, 2020. 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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