## Policy Analysis Report: Customs Notification No. 67/2021
**1. Executive Summary:**
This report analyzes Customs Notification No. 67/2021, dated August 13, 2021, which amends a previous notification concerning tariff values for imported goods. The amendment modifies TABLE1, TABLE2, and TABLE3 of Notification No. 36/2001-Customs (N.T.), updating the tariff values for various commodities including palm oil, soya bean oil, brass scrap, gold, silver, and areca nuts. The changes primarily affect importers and exporters of these specific goods by updating the tariff values applicable for customs purposes. Most listed items have no change to the existing value with a notable change to the price of brass scrap.
**2. Introduction:**
This report provides an informative analysis of Customs Notification No. 67/2021, issued by the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs. The analysis is based solely on the text of the notification provided and aims to inform affected stakeholders about the key changes introduced.
**3. Policy Overview:**
This notification amends the Government of India's Ministry of Finance, Department of Revenue, Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001.
* **Core Objective:** The core objective, inferred from the text, is to update the tariff values for specific imported goods subject to customs duties, potentially to reflect changes in market prices or to implement revised trade policies.
**4. Background and Rationale:**
This notification amends the existing policy for tariff values, which is necessary to keep up with the changing costs of goods. This amendment updates the tariff values for Brass scrap.
**5. Key Provisions / Changes:**
This notification introduces changes by substituting TABLE1, TABLE2, and TABLE3 in the original notification. The specific changes are as follows:
* **TABLE 1**: Contains the Chapter heading, subheading tariff, Description of goods and US Per Metric Tonne item
* Lists the tariff values for Crude Palm Oil, RBD Palm Oil, Others Palm Oil, Crude Palmolein, RBD Palmolein, Others Palmolein, Crude Soya bean Oil, and Brass Scrap. The only change is to the price of Brass Scrap all grades, 7404 00 22, changing from 5538.
* **TABLE 2**: Contains the Chapter heading, Description of goods and Tariff value.
* Lists the tariff values for Gold, in any form in entries 71 or 98, and Silver, in any form in entries 759.
* There are no changes listed in Table 2
* **TABLE 3**: Contains the Chapter heading, Description of goods and Tariff value.
* Lists the tariff value for Areca Nuts 080280, which is 5149 US Per Metric Tonne.
* There are no changes listed in Table 3
**6. Target Audience and Stakeholders:**
The primary target audience and stakeholders affected by this notification include:
* **Importers and exporters** dealing with Palm Oil, Crude Soybean Oil, Brass Scrap, Gold, Silver, and Areca nuts.
* **Customs brokers and agents** involved in the import/export process.
* **Businesses** that use these commodities in their manufacturing processes.
**7. Implementation Aspects (Inferred):**
* **Responsible Agency:** The Central Board of Indirect Taxes and Customs (CBIC) is the responsible body for implementing and overseeing this notification.
* **Timeline:** The notification comes into effect on August 14, 2021, as explicitly stated in the text.
* **Procedures:** No specific procedures are detailed in the provided text, but it can be inferred that customs officials will use the updated tariff values to assess duties on imported goods.
**8. Expected Outcomes / Impact of Changes:**
The likely intended outcome of this notification is to:
* Ensure that customs duties are assessed based on current tariff values.
* Provide clarity and transparency regarding the applicable tariff values for the specified goods.
**9. Conclusion:**
Customs Notification No. 67/2021 is an amendment to existing regulations governing tariff values for imported goods. It updates the tariff values for Palm Oil, Crude Soybean Oil, Brass Scrap, Gold, Silver, and Areca nuts, effective August 14, 2021. This notification is significant for businesses involved in the import and export of these commodities as it directly impacts the duties and taxes levied on these goods. Stakeholders should carefully review the updated tariff values to ensure compliance with customs regulations.
Key Entities Referenced
Customs Act, 1962: An act of the Indian Parliament, referenced in the context of powers conferred by subsection 2 of section 14.
Central Board of Indirect Taxes and Customs: An organization under the Department of Revenue, Ministry of Finance, responsible for making amendments to 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.
New Delhi: The location of the notification, implying the location of the Ministry of Finance.
Crude Palm Oil: A type of goods with a specified tariff value, listed in TABLE1.
RBD Palm Oil: A type of goods with a specified tariff value, listed in TABLE1.
Others Palm Oil: A type of goods with a specified tariff value, listed in TABLE1.
Crude Palmolein: A type of goods with a specified tariff value, listed in TABLE1.
RBD Palmolein: A type of goods with a specified tariff value, listed in TABLE1.
Others Palmolein: A type of goods with a specified tariff value, listed in TABLE1.
Crude Soya bean Oil: A type of goods with a specified tariff value, listed in TABLE1.
Brass Scrap: A type of goods with a specified tariff value, listed in TABLE1.
Gold: A type of goods with a specified tariff value, listed in TABLE2.
Silver: A type of goods with a specified tariff value, listed in TABLE2.
Areca nuts: A type of goods with a specified tariff value, listed in TABLE3.
BULLO MAMU: Under Secretary, whose name is mentioned as part of the notification.
रजजस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-13082021-228981
xxxGIDHxxx
CG-DL-E-13082021-228981
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.ं 3054] नई ददल्ली, िुक्रिार, अगस्ट्त 13, 2021/श्रािण 22, 1943
No. 3054] NEW DELHI, FRIDAY, AUGUST 13, 2021/SHRAVANA 22, 1943
जित्त मंत्रालय
(राजस्ट्ि जिभाग)
(केंद्रीय अप्रत्यक्ष कर एि ंसीमा िल्ु क बोडड)
अजधसचू ना
नई ददल्ली, 13 अगस्ट्त, 2021
स.ं 67/2021-सीमा िल्ु क (ग.ैटै.)
का.आ. 3296(अ).—सीमा िुल्क अजधजनयम, 1962 (1962 का 52) की धारा 14 की उपधारा (2) द्वारा प्रदत् त
िजियों का प्रयोग करते हुए, केंद्रीय अप्रत्यक्ष कर एि ं सीमा िुल्क बोडड, इस बात स े संतुष्ट होन ेपर दक ऐसा करना आिश्यक
एि ं समीचीन ह,ै एतद्द्वारा, भारत सरकार, जित्त मंत्रालय (राजस्ट्ि जिभाग) की अजधसूचना सं. 36/2001-सीमा िुल्क (ग.ै
टै.), ददनांक 3 अगस्ट्त, 2001, जजसे का.आ. 748 (अ), ददनांक 3 अगस्ट्त, 2001 के तहत भारत के राजपत्र, असाधारण के
भाग-II, खंड-3, उप-खंड (ii) म ें प्रकाजित दकया गया था, म ें जनम्नजलजखत सिं ोधन करता ह,ै अथाडत्:-
उक्त अजधसूचना म,ें सारणी-1, सारणी-2 और सारणी-3 के स्ट्थान पर जनम्नजलजखत सारजणयााँ प्रजतस्ट्थाजपत की
जाएाँगी, अथाडत:्-
"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 कच्चा पॉम ऑयल 1029 (अथाडत कोई पररितडन नहीं)
2 1511 90 10 आर बी डी पॉम ऑयल 1055 (अथाडत कोई पररितडन नहीं)
3 1511 90 90 अन् य पॉम ऑयल 1042 (अथाडत कोई पररितडन नहीं)
4537 GI/2021 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
4 1511 10 00 कच्चा पामोजलन 1061 (अथाडत कोई पररितडन नहीं)
5 1511 90 20 आर बी डी पामोलीन 1064 (अथाडत कोई पररितडन नहीं)
6 1511 90 90 अन्य पामोलीन 1063 (अथाडत कोई पररितडन नहीं)
7 1507 10 00 सोयाबीन का कच् चा तेल 1228 (अथाडत कोई पररितडन नहीं)
8 7404 00 22 पीतल स्ट् क्रेप (सभी ग्रडे ) 5538
सारणी-2
क्रम. अध् याय/िीर्/ड टैररफ मूल् य
माल का जििरण
स.ं उपिीर्/ड टैररफ मद (अमरीकी डालर)
(1) (2) (3) (4)
1 71 या 98 स्ट्िणड, दकसी भी रूप में, जजसके सम्बन्ध म ें अजधसूचना 563 प्रजत 10 ग्राम
संख्या 50/2017-सीमा िुल्क, ददनांक 30.06.2017 की
प्रजिजष्ट संख्या 356 के अतं गतड लाभ प्राप्त दकया गया हो
2 71 या 98 रजत, दकसी भी रूप म,ें जजसके सम्बन्ध म ें अजधसूचना 759 प्रजत दकलोग्राम
संख्या 50/2017-सीमा िुल्क, ददनांक 30.06.2017 की (अथातड कोई पररितडन नहीं)
प्रजिजष्ट संख्या 357 के अतं गतड लाभ प्राप्त दकया गया हो
(i) रजत, पदकीय या रजत जसक्कों स े जभन्न दकसी भी रूप म,ें
जजसकी रजत अंतिडस्ट्त ु 99.9 प्रजतित स े कम नहीं ह ै या
उपिीर् ड 7106 92 के अधीन आन े िाले रजत के अध ड
जिजनर्ममत प्ररूप;
(ii) पदकीय या रजत जसक्के, जजसकी रजत अंतिडस्ट्त ु 99.9
759 प्रजत दकलोग्राम
प्रजतित स े कम नहीं ह ै या डाक, कुररयर या सामान के
71 (अथातड कोई पररितडन नहीं)
माध्यम स े ऐस े माल के आयात स े जभन्न उपिीर् ड 7106 92
3
के अधीन आन े िाले रजत के अधड जिजनर्ममत प्ररूप।
स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोजनों के जलए, दकसी भी
प्ररूप म ें रजत के अंतगडत जिदेिी मुद्रा के जसक्के, रजत स े बने
आभूर्ण या रजत स े बनी िस्ट्तुएं नहीं ह।ैं
(i) स्ट्िणड बार, तोला बार से जभन्न, जजस पर जिजनमाडणकता ड
या ररयाइनर का खुदा हुआ क्रम संख्यांक और जमररक
यूजनटों म ेंभार अजभव्यि ह;ै
(ii) स्ट्िण ड जसक्के, जजसम ें 99.5 प्रजतित से अन्यून स्ट्िण ड ह,ै
563 प्रजत 10 ग्राम
और स्ट्िण ड प्राजप्तयां, डाक, कुररयर या बैगेज के माध्यम स े
ऐसे माल के आयात से जभन्न।
4 71
स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोजन के जलए, "स्ट्िणड
प्राजप्तयां" से कोई छोटा संघटक, जैसे हुक, क्लास्ट्प, क्लैंप,
जपन, कैच, स्ट्क्रू बैक, जजसका उपयोग पूणड आभूर्ण या उसके
दकसी भाग को स्ट्थान म ें जोड़े रखने के जलए दकया जाता ह,ै
अजभप्रेत ह।ै
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 5149”[भाग II—खण् ड 3(ii)] भारत का राजपत्र : असाधारण 3
2. यह अजधसूचना 14 अगस्ट्त, 2021 से प्रभािी होगी I
[फा. स.ं 467/01/2021-सीमा िुल्क –V]
बुलो मामु, अिर सजचि
नोट : मलू अजधसूचना भारत के राजपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) म ें अजधसूचना सं. 36/2001-सीमा
िुल् क (ग.ैटै.), ददनांक 3 अगस्ट्त, 2001, का.आ. 748 (अ), ददनांक 3 अगस्ट्त, 2001 के तहत प्रकाजित की गई थी,
तथा यह अंजतम बार अजधसूचना स.ं 66/2021-सीमािुल्क (ग.ैटै.), ददनांक 11 अगस्ट्त, 2021, जजसे
का.आ. 3243(अ) ददनांक 11 अगस्ट्त, 2021 के तहत भारत के राजपत्र, असाधारण के भाग-II, खंड-3, उपखडं (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 13th August, 2021
No. 67/2021-CUSTOMS (N.T.)
S.O. 3296(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/
Tariff value
Sl. No. sub-heading/tariff Description of goods
(US $Per Metric Tonne)
item
(1) (2) (3) (4)
1 1511 10 00 Crude Palm Oil 1029 (i.e., no change)
2 1511 90 10 RBD Palm Oil 1055 (i.e., no change)
3 1511 90 90 Others – Palm Oil 1042 (i.e., no change)
4 1511 10 00 Crude Palmolein 1061 (i.e., no change)
5 1511 90 20 RBD Palmolein 1064 ((i.e., no change)
6 1511 90 90 Others – Palmolein 1063 (i.e., no change)
7 1507 10 00 Crude Soya bean Oil 1228 (i.e., no change)
8 7404 00 22 Brass Scrap (all grades) 5538
TABLE-2
Sl. Chapter/ heading/ Description of goods
Tariff value
No. sub-heading/tariff
(US $)
item
(1) (2) (3) (4)
Gold, in any form, in respect of which the benefit of
1. 71 or 98 entries at serial number 356 of the Notification No. 563 per 10 grams
50/2017-Customs dated 30.06.2017 is availed4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
Silver, in any form, in respect of which the benefit
759 per kilogram
2. 71 or 98 of entries at serial number 357 of the Notification
(i.e., no change)
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 759 per kilogram
71
forms of silver falling under sub-heading 7106 92, (i.e., no change)
3.
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
manufacturer’s or refiner’s engraved serial number
and weight expressed in metric units;
(ii) Gold coins having gold content not below 99.5%
4.
and gold findings, other than imports of such goods
71 563 per 10 grams
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 5149‖
2. This notification shall come into force with effect from the 14th day of August, 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. 66/2021-Customs (N.T.), dated the 11th August, 2021, e-published in the Gazette of
India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 3243(E), dated
11th August, 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.