Executive Summary:
This notification, No. 118/2016-Customs (N.T.), issued on August 31, 2016, amends a previous notification from August 3, 2001, concerning tariff values for specific goods. It updates TABLE1, TABLE2 and TABLE3 by substituting values for certain items, including palm oil, soya bean oil, brass scrap, poppy seeds, gold, silver and areca nuts. The amendment is made under the powers conferred by subsection 2 of section 14 of the Customs Act, 1962.
Key Points / Main Content:
Tariff Value Amendments:
TABLE1 updates tariff values (US$ per metric tonne) for:
Crude Palm Oil: 770
RBD Palm Oil: 786
Others Palm Oil: 778
Crude Palmolein: 788
RBD Palmolein: 791
Others Palmolein: 790
Crude Soya bean Oil: 848
Brass Scrap (all grades): 3045
Poppy seeds: 2533
TABLE2 updates tariff values for:
Gold: 428 (per 10 grams) when availing benefit of Notification No. 12/2012-Customs dated 17.03.2012 entries 321 & 323
Silver: 612 (per kilogram) when availing benefit of Notification No. 12/2012-Customs dated 17.03.2012 entries 322 & 324
TABLE3 updates tariff values for:
Areca nuts: 2623 (US$ per metric tonne)
Legal Basis:
The notification is issued under Section 14(2) of the Customs Act, 1962.
Superseded Notification:
This amends Notification No. 36/2001-Customs (N.T.)
Impact Analysis:
Importers/Exporters of Palm Oil, Soya Bean Oil, Brass Scrap, Poppy Seeds, Gold, Silver and Areca Nuts:
Impact: Revised tariff values will affect the calculation of customs duties, potentially altering import/export costs and profitability.
Action Required: Importers/Exporters must update their costing and pricing models to reflect the new tariff values and ensure compliance with customs regulations.
Customs Authorities:
Impact: Customs officials are required to enforce the updated tariff values for the specified goods.
Action Required: Implement the revised tariff values in customs assessment procedures and systems.
Central Board of Excise and Customs:
Impact: Responsible for overseeing the implementation and effectiveness of the amended notification.
Action Required: Monitor the impact of the revised tariff values on trade and revenue collection, and address any issues arising from implementation.
Key Entities Referenced
Customs Act, 1962: A legal act that provides the framework for customs operations in India. Section 14 is specifically mentioned.
Central Board of Excise and Customs: A government agency responsible for the administration of indirect taxes like customs duty.
Ministry of Finance: A ministry of the Government of India responsible for the country's finances.
Department of Revenue: A department under the Ministry of Finance responsible for tax collection.
New Delhi: The capital city of India and the location where the notification was issued.
Crude Palm Oil: A type of palm oil whose tariff value is mentioned in the notification
RBD Palm Oil: A type of palm oil whose tariff value is mentioned in the notification
KSHITENDRA VERMA: Under Secretary, the signatory of the notification.
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अिधसचू ना
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स.ं 118/2016-सीमा श(cid:7016)ु क (ग.ैटै.)
का.आ. 2822(अ).—सीमा शु(cid:7016)क अिधिनयम, 1962 (1962 का 52) क(cid:7409) धारा 14 क(cid:7409) उपधारा (2) (cid:7367)ारा (cid:7079)द(cid:7004) त
शि(cid:6989) तय(cid:7298) का (cid:7079)योग करते (cid:7263)ए, के(cid:7008) (cid:7076)ीय उ(cid:7004) पाद एवं सीमा शु(cid:7016) क बोड(cid:6981), इस बात से संतु(cid:7020) ट होने पर (cid:7408)क ऐसा करना आव(cid:7019) यक एवं
समीचीन ह,ै एत(cid:7375)ारा, भारत सरकार, िव(cid:7004) त मं(cid:7074)ालय (राज(cid:7021)व िवभाग) क(cid:7409) अिधसूचना सं. 36/2001-सीमा शु(cid:7016) क (गै. टै.),
(cid:7408)दनांक 3 अग(cid:7021)त, 2001, िजसे का.आ. 748(अ), (cid:7408)दनांक 3 अग(cid:7021)त, 2001 के तहत (cid:7079)कािशत (cid:7408)कया गया था, म(cid:7286) िन(cid:7013) निलिखत
संशोधन करता ह,ै अथा(cid:6981)त्:—
उ(cid:6989) त अिधसूचना म(cid:7286), सारणी-1, सारणी-2 और सारणी-3 के (cid:7021)थान पर िन(cid:7388)िलिखत सारिणयाँ (cid:7079)ित(cid:7021)थािपत क(cid:7409)
जाएँगी, अथा(cid:6981)त:्—
"सारणी-1
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टै(cid:7407)रफ मद (cid:7079)ित मी(cid:7407)(cid:7069)क टन)
(1) (2) (3) (4)
1 1511 10 00 क(cid:6994) चा पॉम ऑयल 770
2 1511 90 10 आर बी डी पॉम ऑयल 786
4225 GI/2016 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
3 1511 90 90 अ(cid:7008) य पॉम ऑयल 778
4 1511 10 00 क(cid:6994) चा पामोिलन 788
5 1511 90 20 आर बी डी पामोलीन 791
6 1511 90 90 अ(cid:7008) य पामोलीन 790
7 1507 10 00 सोयाबीन का क(cid:6994) चा तेल 848
8 7404 00 22 पीतल (cid:7021) (cid:7059)ेप (सभी (cid:7061)डे ) 3045
9 1207 91 00 पो(cid:7021) त बीज 2533
सारणी-2
(cid:7059)म. सं. अ(cid:7007) याय/शीष/(cid:6981) टै(cid:7407)रफ मू(cid:7016) य
माल का िववरण
उपशीष(cid:6981)/ टै(cid:7407)रफ मद
(अमरीक(cid:7409) डालर)
(1) (2) (3) (4)
1 71 या 98 (cid:7021)वण(cid:6981), (cid:7408)कसी भी (cid:7272)प म(cid:7286), िजसके स(cid:7013)ब(cid:7008)ध म(cid:7286) अिधसूचना 428 (cid:7079)ित 10 (cid:7061)ाम
सं(cid:6990)या 12/2012-सीमा शु(cid:7016)क, (cid:7408)दनांक 17.03.2012 क(cid:7409) (cid:7079)िवि(cid:7397)
सं(cid:6990)या 321 और 323 के अंतगत(cid:6981) लाभ (cid:7079)ा(cid:7385) (cid:7408)कया गया हो
2 71 या 98 रजत, (cid:7408)कसी भी (cid:7272)प म(cid:7286), िजसके स(cid:7013)ब(cid:7008)ध म(cid:7286) अिधसचू ना 612 (cid:7079)ित (cid:7408)कलो(cid:7061)ाम
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सं(cid:6990)या 322 और 324 के अंतगत(cid:6981) लाभ (cid:7079)ा(cid:7385) (cid:7408)कया गया हो
सारणी-3
(cid:7059)म. सं. अ(cid:7007) याय/शीष/(cid:6981) टै(cid:7407)रफ मू(cid:7016) य (अमरीक(cid:7409) डालर (cid:7079)ित
माल का िववरण
उपशीष(cid:6981)/ टै(cid:7407)रफ मद मी(cid:7407)(cid:7069)क टन)
(1) (2) (3) (4)
1 080280 सुपारी 2623”
[फा. सं. 467/1/2016-सीमा शु(cid:7016) क–V]
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नोट : मलू अिधसूचना भारत के राजप(cid:7074), असाधारण के भाग-II, खंड-3, उपखंड (ii) म(cid:7286) अिधसचू ना सं. 36/2001-सीमा शु(cid:7016) क
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MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF EXCISE AND CUSTOMS)
NOTIFICATION
New Delhi, the 31st August, 2016
No. 118/2016-CUSTOMS (N.T.)
S.O. 2822 (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
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 770
2 1511 90 10 RBD Palm Oil 786
3 1511 90 90 Others – Palm Oil 778
4 1511 10 00 Crude Palmolein 788
5 1511 90 20 RBD Palmolein 791
6 1511 90 90 Others – Palmolein 790
7 1507 10 00 Crude Soya bean Oil 848
8 7404 00 22 Brass Scrap (all grades) 3045
9 1207 91 00 Poppy seeds 2533
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 321 and 323 of the
71 or 98 428 per 10 grams
Notification No. 12/2012-Customs dated 17.03.2012
is availed
2 Silver, in any form, in respect of which the benefit
of entries at serial number 322 and 324 of the
71 or 98 612 per kilogram
Notification No. 12/2012-Customs dated 17.03.2012
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 2623”
[F. No. 467/01/2016-Cus-V]
KSHITENDRA VERMA, 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.
109/2016-Customs (N.T.), dated the 12th August, 2016, e-published in the Gazette of
India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 2707(E),
dated 12th August, 2016.
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.