Home India Ministry of Finance in the notification of the Government of India in the Minist...
Date: 2020-11-13 Category: Extra Ordinary State: Union Government Country: India

in the notification of the Government of India in the Ministry of Finance Department of Revenue

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. 362001-Customs (N.T.), dated August 3, 2001, regarding tariff values for certain goods. It provides revised tariff values for various items, including palm oil, soya bean oil, brass scrap, poppy seeds, gold, and silver. The notification was issued on November 13, 2020. Key Points / Main Content: Revised Tariff Values (TABLE 1): * Crude Palm Oil: US $847 per metric tonne (Tariff Item 1511 10 00) * RBD Palm Oil: US $880 per metric tonne (Tariff Item 1511 90 10) * Others Palm Oil: US $864 per metric tonne (Tariff Item 1511 90 90) * Crude Palmolein: US $883 per metric tonne (Tariff Item 1511 10 00) * RBD Palmolein: US $886 per metric tonne (Tariff Item 1511 90 20) * Others Palmolein: US $885 per metric tonne (Tariff Item 1511 90 90) * Crude Soya bean Oil: US $957 per metric tonne (Tariff Item 1507 10 00) * Brass Scrap all grades: US $3985 per metric tonne (Tariff Item 7404 00 22) * Poppy seeds: US $3623 per metric tonne (Tariff Item 1207 91 00) Revised Tariff Values for Gold and Silver (TABLE 2): * Gold (benefit of Notification No. 50/2017-Customs, dated 30.06.2017): US $71 per 10 grams (entries 98 or 71 at serial number 356 of the notification 603) * Silver (benefit of Notification No. 50/2017-Customs, dated 30.06.2017): US $98 per kilogram (entries 98 or 71 at serial number 357 of the notification 781) * Silver (other than medallions/coins <99.9% content or semi-manufactured): US $71 per kilogram (item 781 under subheading 7106 92) * Silver (medallions/coins <99.9% content or semi-manufactured): US $781 per kilogram (item 71 under subheading 7106 92). * Gold bars/coins/findings: US $71 per 10 grams (item 603) Revised Tariff Values (TABLE 3): * Areca nuts: US $3709 per metric tonne (Tariff Item 080280) Impact Analysis: Importers: * Impact: Need to be aware of the revised tariff values for calculating customs duties on imported goods like palm oil, soya bean oil, brass scrap, poppy seeds, gold, and silver. * Action Required: Use the updated tariff values specified in the notification for customs declarations and duty calculations. Customs Officials: * Impact: Must use the revised tariff values for assessing and levying customs duties on the specified imported goods. * Action Required: Implement the new tariff values as per the notification for all relevant import assessments. Central Board of Indirect Taxes and Customs (CBIC): * Impact: Responsible for ensuring the correct implementation of the revised tariff values across all customs locations. * Action Required: Disseminate the notification to all relevant departments and personnel, and monitor compliance.

Key Entities Referenced

Customs Act, 1962: A law in India related to customs duties and regulations, mentioned in the context of exercising powers conferred by subsection 2 of section 14. Central Board of Indirect Taxes and Customs: A government organization in India under the Department of Revenue, Ministry of Finance, responsible for customs and indirect taxes. Ministry of Finance: A ministry of the Government of India responsible for financial matters. Department of Revenue: A department under the Ministry of Finance in India. New Delhi: The capital city of India, where the notification was issued. Crude Palm Oil: A type of palm oil, listed in TABLE1 with its tariff value. RBD Palm Oil: A type of palm oil, listed in TABLE1 with its tariff value. Gold: Precious metal, listed in TABLE2 with its tariff value.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-13112020-223071 xxxGIDHxxx CG-DL-E-13112020-223071 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.ं 3594] नई दिल्ली, िुक्रिार, निम्ब र 13, 2020/कार्तकड 22, 1942 No. 3594] NEW DELHI, FRIDAY, NOVEMBER 13, 2020/KARTIKA 22, 1942 वित्त मंत्रालय (राजस्ि जिभाग) (केंद्रीय अप्रत्यक्ष कर एि ं सीमा शल्ु क बोडड) अजधसचू ना नई दिल्ली, 13 निम् बर, 2020 स.ं 107/2020-सीमा शल्ु क (ग.ैटै.) का.आ. 4092(अ).—सीमा शुल्क अजधजनयम, 1962 (1962 का 52) की धारा 14 की उपधारा (2) द्वारा प्रित् त शवियों का प्रयोग करते हुए, केंद्रीय अप्रत्यक्ष कर एि ं सीमा शुल्क बोडड, इस बात स े संतुष्ट होन ेपर दक ऐसा करना आिश्यक एिं समीचीन ह,ै एतद्द्वारा, भारत सरकार, वित्त मंत्रालय (राजस्ि जिभाग) की अजधसूचना स.ं 36/2001-सीमा शुल्क (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, उप-खंड (ii) म ें प्रकाजित दकया गया था, म ेंविम्नविवित संिोधन करता ह,ै अथाडत:्- उक्त अजधसूचना म,ें सारणी-1, सारणी-2 और सारणी-3 के स्ट्थान पर जनम्नजलजखत सारजणयााँ प्रजतस्ट्थाजपत की िाएाँगी, अथाडत:्- 5535 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 मि (अमरीकी डालर प्रजत मीररक टन) (1) (2) (3) (4) 1 1511 10 00 कच्चा पॉम ऑयल 847 2 1511 90 10 आर बी डी पॉम ऑयल 880 3 1511 90 90 अन् य पॉम ऑयल 864 4 1511 10 00 कच्चा पामोजलन 883 5 1511 90 20 आर बी डी पामोलीन 886 6 1511 90 90 अन्य पामोलीन 885 7 1507 10 00 सोयाबीन का कच् चा तेल 957 8 7404 00 22 पीतल स्ट् क्रेप (सभी ग्रडे ) 3985 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) मि (1) (2) (3) (4) 1 71 या 98 स्ट्िणड, दकसी भी रूप में, जिसके सम्बन्ध म ें अजधसूचना 603 प्रजत 10 ग्राम संख्या 50/2017-सीमा िुल्क, दिनांक 30.06.2017 की प्रजिजि संख्या 356 के अतं गतड लाभ प्राप्त दकया गया हो 2 71 या 98 रित, दकसी भी रूप म,ें जिसके सम्बन्ध म ें अजधसूचना 781 प्रजत संख्या 50/2017-सीमा िुल्क, दिनांक 30.06.2017 की दकलोग्राम प्रजिजि संख्या 357 के अतं गतड लाभ प्राप्त दकया गया हो 3 71 (i) रजत, पदकीय या रजत वसक्कों स े विन्न ककसी िी रूप 781 प्रजत म,ें वजसकी रजत अंतिवस्त ु 99.9 प्रवतशत स े कम िहीं ह ै दकलोग्राम या उपशीर् व 7106 92 के अधीि आि े िािे रजत के अध व विविर्मवत प्ररूप; (ii) पदकीय या रजत वसक्के, वजसकी रजत अंतिवस्त ु 99.9 प्रवतशत से कम िहीं ह ै या डाक, कुररयर या सामाि के माध्यम से ऐस े माि के आयात स े विन्न उपशीर् व 7106 92 के अधीि आि े िाि े रजत के अध व विविर्मवत प्ररूप।[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3 स्पष्टीकरण - इस प्रविवष्ट के प्रयोजिों के विए, ककसी िी प्ररूप म ें रजत के अंतर्तव विदेशी मुद्रा के वसक्के, रजत स े बिे आिूर्ण या रजत स े बिी िस्तुए ंिहीं ह।ैं 4 71 (i) स्िणव बार, तोिा बार से विन्न, वजस पर 603 प्रजत 10 ग्राम विविमावणकता व या ररयाइिर का िुदा हुआ क्रम संखयांक और वमरिक यूविटों म ें िार अविव्यि ह;ै (ii) स्िणव वसक्के, वजसमें 99.5 प्रवतशत स े अन्यूि स्िण व ह,ै और स्िणव प्रावियां, डाक, कुररयर या बैर्ेज के माध्यम स े ऐसे माि के आयात से विन्न। स्पष्टीकरण - इस प्रविवष्ट के प्रयोजि के विए, "स्िण व प्रावियां" स े कोई छोटा संघटक, जैसे हुक, क्िास्प, क्िैंप, वपि, कैच, स्क्रू बैक, वजसका उपयोर् पूण व आिूर्ण या उसके ककसी िार् को स्थाि म ें जोड़े रिि े के विए ककया जाता ह,ै अविप्रेत ह।ै सारणी-3 क्रम. स.ं अध् याय/िीर्/ड टैररफ मूल् य माल का जििरण उपिीर्/ड टैररफ मि (अमरीकी डालर प्रजत मीररक टन) (1) (2) (3) (4) 1 080280 सुपारी 3709” [फा. स.ं 467/01/2020-सीमा शुल्क –V] बुिो मामु, अिर सवचि नोट: मूल अजधसूचना भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उप-खंड (ii) म ें अजधसूचना सं. 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.ं 103/2020-सीमािुल्क (ग.ैटै.), दिनांक 29 अक्टूबर, 2020, जिसे का.आ. 3905(अ) दिनांक 29 अक्टूबर, 2020 के तहत भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उप-खंड (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 November, 2020 No. 107/2020-CUSTOMS (N.T.) S.O. 4092 (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 Gazette4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 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 847 2 1511 90 10 RBD Palm Oil 880 3 1511 90 90 Others – Palm Oil 864 4 1511 10 00 Crude Palmolein 883 5 1511 90 20 RBD Palmolein 886 6 1511 90 90 Others – Palmolein 885 7 1507 10 00 Crude Soya bean Oil 957 8 7404 00 22 Brass Scrap (all grades) 3985 9 1207 91 00 Poppy seeds 3623 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. 603 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 781 per kilogram 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 71 forms of silver falling under sub-heading 7106 92, 781 per kilogram 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 manufacturer’s or refiner’s engraved serial number and weight expressed in metric units; (ii) Gold coins having gold content not below 99.5% and gold findings, other than imports of such goods 71 603 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.[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 5 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 3709” [F. No. 467/01/2020 -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. 103/2020-Customs (N.T.), dated the 29th October, 2020, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 3905 (E), dated 29th October, 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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