Home India Ministry of Finance In exercise of the powers conferred by subsection 2 of secti...
Date: 2017-01-31 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 amends a previous notification regarding tariff values for certain goods. It updates the tariff values for items including palm oil, soya bean oil, brass scrap, poppy seeds, gold, silver and areca nuts. The notification was issued on January 31, 2017, and takes effect immediately. Key Points / Main Content: * **Amendment Authority:** The Central Board of Excise and Customs issues this amendment under Section 14(2) of the Customs Act, 1962. * **Superseded Tables:** TABLE1, TABLE2 and TABLE3 from the original Notification No. 362001Customs N.T., dated the 3rd August, 2001, are replaced. * **Updated Tariff Values:** * TABLE 1 lists the revised tariff values for various Palm Oil types, Crude Soya bean Oil, Brass Scrap, and Poppy Seeds in US Dollars per Metric Tonne. * TABLE 2 lists the revised tariff values for Gold and Silver, in any form, in respect of which the benefit of entries at serial number 321, 323, 322 and 324 of the Notification No. 122012Customs dated 17.03.2012 is availed, in US Dollars per 10 grams for Gold and per kilogram for Silver. * TABLE 3 lists the revised tariff value for Areca nuts in US Dollars per Metric Tonne. Impact Analysis: * **Importers and Exporters:** * *Impact:* Importers and exporters of goods listed in TABLE 1, TABLE 2, and TABLE 3 will be subject to the revised tariff values. * *Action Required:* Need to account for the new tariff values when determining the cost of importing/exporting these goods. * **Customs Officials:** * *Impact:* Customs officials are required to use the updated tariff values for assessment and duty collection. * *Action Required:* Implement the new tariff values as specified in TABLE 1, TABLE 2, and TABLE 3 for relevant import and export transactions.

Key Entities Referenced

Customs Act, 1962: An Indian law related to customs duties and regulations, mentioned in the context of exercising powers conferred by its section 14. Central Board of Excise and Customs: A government body responsible for excise and customs administration, issuing the notification. New Delhi: The city in India where the notification was issued. Ministry of Finance: The government ministry under which the Department of Revenue and Central Board of Excise and Customs operate. Department of Revenue: A department within the Ministry of Finance, mentioned as part of the issuing authority. Notification No. 362001Customs N.T.: A previous notification being amended by the current notification, dated 3rd August, 2001. Notification No. 122012Customs: A customs notification dated 17.03.2012 related to gold and silver entries. KSHITENDRA VERMA: Under Secretary, whose name appears at the end of the notification.
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L.-33004/99 vlk/kj.k EXTRAORDINARY Hkkx II—[k.M 3—mi&[k.M (ii) PART II—Section 3—Sub-section (ii) izkf/dkj ls izdkf'kr PUBLISHED BY AUTHORITY la- 278] ubZ fnYyh] eaxyokj] tuojh 31] 2017@ek?k 11] 1938 No. 278] NEW DELHI, TUESDAY, JANUARY 31, 2017/MAGHA 11, 1938 िव(cid:7004)त म(cid:7074)ं ालय (राज(cid:7021)व िवभाग) (के(cid:7008) (cid:7076)ीय उ(cid:7004)प ाद एवं सीमा श(cid:7016)ु क बोड(cid:6981)) अिधसचू ना नई (cid:7408)द(cid:7016) ली, 31 जनवरी, 2017 स.ं 08/2017-सीमा श(cid:7016)ु क (ग.ै टै.) का.आ. 309(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) जाएगँ ी, अथा(cid:6981)त्:- 512 GI/2017 (1)(cid:32)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] "सारणी-1 (cid:7059)म. सं. अ(cid:7007) याय/शीष(cid:6981)/उपशीष(cid:6981)/ टै(cid:7407)रफ मू(cid:7016) य टै(cid:7407)रफ मद माल का िववरण (अमरीक(cid:7409) डालर (cid:7079)ित मी(cid:7407)(cid:7069)क टन) (1) (2) (3) (4) 1 1511 10 00 क(cid:6994) चा पॉम ऑयल 822 2 1511 90 10 आर बी डी पॉम ऑयल 851 3 1511 90 90 अ(cid:7008) य पॉम ऑयल 837 4 1511 10 00 क(cid:6994) चा पामोिलन 859 5 1511 90 20 आर बी डी पामोलीन 862 6 1511 90 90 अ(cid:7008) य पामोलीन 861 7 1507 10 00 सोयाबीन का क(cid:6994)च ा तेल 879 8 7404 00 22 पीतल (cid:7021) (cid:7059)ेप (सभी (cid:7061)ेड) 3155 9 1207 91 00 पो(cid:7021) त बीज 2579 सारणी-2 (cid:7059)म. सं. अ(cid:7007) याय/शीष(cid:6981)/ टै(cid:7407)रफ मू(cid:7016) य उपशीष(cid:6981)/ टै(cid:7407)रफ माल का िववरण (अमरीक(cid:7409) डालर) मद (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) 388 (cid:7079)ित 10 अिधसूचना सं(cid:6990)या 12/2012-सीमा शु(cid:7016)क, (cid:7061)ाम (cid:7408)दनांक 17.03.2012 क(cid:7409) (cid:7079)िवि(cid:7397) सं(cid:6990)या 321 और 323 के अंतग(cid:6981)त 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) 556 (cid:7079)ित अिधसूचना सं(cid:6990)या 12/2012-सीमा शु(cid:7016)क, (cid:7408)कलो(cid:7061)ाम (cid:7408)दनांक 17.03.2012 क(cid:7409) (cid:7079)िवि(cid:7397) सं(cid:6990)या 322 और 324 के अंतग(cid:6981)त लाभ (cid:7079)ा(cid:7385) (cid:7408)कया गया हो¹Hkkx IIµ[k.M 3(ii)] Hkkjr dk jkti=k % vlk/kj.k 3 सारणी-3 (cid:7059)म. सं. अ(cid:7007) याय/शीष(cid:6981)/ टै(cid:7407)रफ मू(cid:7016) य उपशीष(cid:6981)/ टै(cid:7407)रफ माल का िववरण (अमरीक(cid:7409) डालर (cid:7079)ित मद मी(cid:7407)(cid:7069)क टन) (1) (2) (3) (4) 1 080280 सुपारी 2613” [फा. सं. 467/1/2017-सीमा शु(cid:7016) क–V] ि(cid:6979)त(cid:7286)(cid:7076) वमा(cid:6981), अवर सिचव नोट : मूल अिधसूचना भारत के राजप(cid:7074), असाधारण के भाग-II, खंड-3, उपखंड (ii) म(cid:7286) अिधसूचना सं. 36/2001-सीमा शु(cid:7016) क (गै.टै.), (cid:7408)दनांक 3 अग(cid:7021)त, 2001, का.आ.748 (अ), (cid:7408)दनांक 3 अग(cid:7021)त, 2001 के तहत (cid:7079)कािशत क(cid:7409) गई थी, तथा यह अंितम बार अिधसूचना सं. 04/2017-सीमाशु(cid:7016)क (गै.टै.), (cid:7408)दनाकं 13 जनवरी, 2017, िजसे का.आ. 122(अ) (cid:7408)दनांक 13 जनवरी, 2017 के तहत भारत के राजप(cid:7074), असाधारण के भाग-II, खंड-3, उपखंड (ii) म(cid:7286) ई-(cid:7079)कािशत (cid:7408)कया गया था, के (cid:7367)ारा संशोिधत क(cid:7409) गई थीI MINISTRY OF FINANCE (Department of Revenue) (Central Board of Excise and Customs) NOTIFICATION New Delhi, 31st January, 2017 No. 08/2017-CUSTOMS (N.T.) S.O. 309(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/ Tariff value Sl. No. sub-heading/tariff Description of goods (US $Per Metric item Tonne) (1) (2) (3) (4) 1 1511 10 00 Crude Palm Oil 822 2 1511 90 10 RBD Palm Oil 851 3 1511 90 90 Others – Palm Oil 837 4 1511 10 00 Crude Palmolein 859 5 1511 90 20 RBD Palmolein 862 6 1511 90 90 Others – Palmolein 8614 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 7 1507 10 00 Crude Soya bean Oil 879 8 7404 00 22 Brass Scrap (all grades) 3155 9 1207 91 00 Poppy seeds 2579 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 71 or 98 388 per 10 grams 323 of the 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 71 or 98 556 per kilogram 324 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed 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 2613” [F. No. 467/01/2017 -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. 04/2017-Customs (N.T.), dated the 13th January, 2017, e- published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 122(E), dated 13th January, 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.

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