Executive Summary:
These notifications from the Ministry of Finance, Department of Revenue, exempt certain imported goods from customs duties and the Agriculture Infrastructure and Development Cess. The exemptions are effective from October 14, 2021, and remain in force until March 31, 2022. These notifications are issued under the powers conferred by the Customs Act of 1962 and the Finance Act of 2021.
Key Points / Main Content:
Customs Duty Exemptions:
* Crude Soyabean oil (1507 10 00) is exempt from customs duty.
* Soyabean oil, edible grade (1507 90 10) is subject to a 17.5% customs duty.
* Crude Palm Oil (1511 10 00) is exempt from customs duty.
* Refined bleached deodorized (RBD) palm oil, RBD palmolein, RBD palm stearin, and any palm oil other than crude palm oil (1511 90) are subject to a 17.5% customs duty.
* Crude Sunflower seed oil (1512 11 10) is exempt from customs duty.
* Sunflower oil, edible grade (1512 19 10) is subject to a 17.5% customs duty.
Agriculture Infrastructure and Development Cess Exemptions:
* Crude Soyabean oil (1507 10 00) is subject to a 5% Agriculture Infrastructure and Development Cess.
* Crude Palm Oil (1511 10 00) is subject to a 7.5% Agriculture Infrastructure and Development Cess.
* Crude Sunflower seed oil (1512 11 10) is subject to a 5% Agriculture Infrastructure and Development Cess.
Validity:
* Both notifications are effective from October 14, 2021, to March 31, 2022.
Impact Analysis:
Importers:
* Impact: Reduced or altered customs duties and cess on specific goods, potentially lowering import costs for certain items while increasing it for others.
* Action Required: Review import costs for affected goods, update financial projections, and ensure compliance with the new rates.
Consumers:
* Impact: Potential price changes in edible oils due to revised import duties and cess.
* Action Required: Monitor market prices and adjust purchasing decisions accordingly.
Customs Authorities:
* Impact: Need to implement and enforce the new duty and cess rates.
* Action Required: Update customs systems and procedures, train personnel, and ensure accurate application of the revised rates.
Central Government:
* Impact: Changes in revenue collection from customs duties and the Agriculture Infrastructure and Development Cess.
* Action Required: Monitor the impact of the notifications on revenue and adjust policies as needed.
Key Entities Referenced
Ministry of Finance: The Indian government ministry responsible for economic affairs, including revenue and taxation.
Department of Revenue: A department under the Ministry of Finance responsible for tax collection and administration.
New Delhi: The capital city of India, where the notification was issued.
Customs Act, 1962: An Indian law that governs the levy, assessment, and collection of customs duties.
Customs Tariff Act, 1975: An Indian law that specifies the rates of customs duty applicable to goods imported into India.
Finance Act, 2021: An Indian law that introduced changes to the taxation system, including the Agriculture Infrastructure and Development Cess.
Central Government: The executive authority of the Republic of India.
Rajeev Ranjan: Under Secretary in the Ministry of Finance, Department of Revenue.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-14102021-230403
xxxGIDHxxx
CG-DL-E-14102021-230403
xxxGIDExxx
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 591] नई दिल्ली, बृहस्ट्प जतिार, अक्त बू र 14, 2021/आजश्ि न 22, 1943
No. 591] NEW DELHI, THURSDAY, OCTOBER 14, 2021/ASVINA 22, 1943
जित्त ं्ं ाल
(रािस्ट्ि जिभाग)
अजधसचू ना
नई दिल् ली, 13 अक् तूबर, 2021
सख्ं ा 48/2021-सींा िल्ु क
सा.का.जन. 733(अ).—सींा िल्ु क अजधजन ं, 1962 (1962 का 52) की धारा 25 की उप-धारा (1) के तहत प्रित् त
िजि ों का प्र ोग करते हुए केन्द र सरकार, इस बात से संतुष्ट होते हुए दक ऐसा करना िनजहत ं ें आिश् क है, एतिद्वारा, नीचे िी गई
सारणी के कॉलं (3) ंें उजल्लजखत िस्ट्त ुओं, िो दक उक् त सारणी के कॉलं (2) ंें जिजनर्िष्ि ट सींा िुल्क टैररफ अजधजन ं, 1975
(1975 का 51) की प्रथं अनुसूची के अध् ा , िीर्िक, उप िीर्िक ा टैररफ ंि के अंतगित आती हैं, को, िब भारत ंें उनका आ ात
दक ा ग ा हो, उन पर सींािुल् क टैररफ अजधजन ं, 1975 (1975 का 51) की उक् त प्रथं अनुसूची के अंतगित लगाए िाने िाले
सींािुल् क से उस हि तक ूूट िेती ह ै जिस हि तक िह उक् त सारणी के कॉलं (4) की तत् संबंधी प्रजिजष्ट ंें जिजनर्िष्ि ट ंानक िर से
संगजणत राजि से अजधक होती हो, था-
सारणी
क्र. स.ं अध् ा ा िीर्िक ा िस्ट्त ओंु का जििरण ंानक
उप िीर्िक ा टैररफ ंि िर
(1) (2) (3) (4)
1. 1507 10 00 कच्चा सो ाबीन तेल, चाह ेजडगम्ड हो ा नहीं िून्द
5860 GI/2021 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
2. 1507 90 10 सो ाबीन तेल, खाद्य ग्रेड 17.5%
3. 1511 10 00 कच् चा पां ल ल िून्द
4. 1511 90 ररफाइंड ब्लीचेड डेओडोररसेड (आरबीडी) पां तेल, आरबीडी पांोजलन, 17.5%
आरबीडी पां स्ट्टी ररन और कच्चे पां तेल के अलािा कोई भी पां तेल
5. 1512 11 10 सूरिंुखी के बीि का कच्चा तेल िून्द
6. 1512 19 10 सूरिंुखी तेल, खाद्य ग्रेड 17.5%
2. ह अजधसूचना 14 अक् तूबर, 2021 से लागू होगी और 31 ंाचि, 2022 तक, जिसंें ह तारीख भी िाजंल है, लागू
रहगे ी ।
[फा. सं. सीबीआईसी -190354/226/2021-टीआर ू]
रािीि रंिन,अिर सजचि
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 13th October,2021
No. 48/2021-Customs
G.S.R. 733(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act,
1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do,
hereby exempts the goods of the description specified in column (3) of the Table below, falling within the Chapter,
heading, sub–heading or tariff item of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) specified in
column (2) of the said Table, when imported into India, from so much of the duty of customs leviable thereon under
the said First Schedule to the Customs Tariff Act, 1975 (51 of 1975), as is in excess of the amount calculated at the
standard rate specified in the corresponding entry in column (4) of the said Table, namely –
TABLE
S. No. Chapter or Heading or sub- Description of goods Standard
heading or tariff item rate
(1) (2) (3) (4)
1. 1507 10 00 Crude Soya-bean oil, whether or not Nil
degummed
2. 1507 90 10 Soya-bean oil, edible grade 17.5%
3. 1511 10 00 Crude Palm Oil Nil
4. 1511 90 Refined bleached deodorized(RBD) palm 17.5%
oil, RBD palmolein, RBD palm stearin and
any palm oil other than crude palm oil
5. 1512 11 10 Crude Sunflower seed oil Nil
6. 1512 19 10 Sunflower oil, edible grade 17.5%
2. This notification shall come into effect on the 14th October, 2021, and will remain in force up to and
inclusive of the 31st March, 2022.
[F. No. CBIC-190354/226/2021-TRU]
RAJEEV RANJAN, Under Secy.[भाग II—खण् ड 3(i)] भारत का रािप् : असाधारण 3
अजधसचू ना
नई दिल् ली, 13 अक् तूबर, 2021
सख्ं ा 49/2021-सींा िल्ु क
सा.का.जन. 734(अ).—जित् त अजधजन ं, 2021 (2021 का 13) की धारा 124 के साथ परित सींा िुल्क अजधजन ं,
1962 (1962 का 52) की धारा 25 की उप धारा (1) के तहत प्रित् त िजि ों का प्र ोग करते हुए केन्द र सरकार, इस बात से संतुष्ट होते
हुए दक ऐसा करना िनजहत ंें आिश् क है, एतिद्वारा, नीचे िी गई सारणी के कॉलं (3) ंें उजल्लजखत िस्ट्त ुओं, िो दक उक् त सारणी के
कॉलं (2) ंें जिजनर्िष्ि ट सींा िुल्क टैररफ अजधजन ं, 1975 (1975 का 51) की प्रथं अनुसूची के अध् ा , िीर्िक, उप िीर्िक ा
टैररफ ंि के अंतगित आती हों, को, उन पर जित् त अजधजन ं, 2021 (2021 का 13) की उक् त धारा के अंतगित लगाए िाने िाले कृजर्
अिसंरचना एिं जिकास उपकर से उस हि तक ूूट िते ी ह ै जिस हि तक िह उक् त सारणी के कॉलं (4) ंें जिजनर्िष्ि ट िर से संगजणत
राजि से अजधक होती हो, था-
सारणी
क्र. स.ं प्रथं अनसु चू ी का अध् ा ा िस्ट्त ओंु का जििरण िर
िीर्िक ा उप िीर्िक ा
टैररफ ंि
(1) (2) (3) (4)
1. 1507 10 00 कच्चा सो ाबीन तेल, चाह ेजडगम्ड हो ा नहीं 5%
2. 1511 10 00 कच् चा पां ल ल 7.5%
3. 1512 11 10 सूरिंुखी के बीि का कच्चा तेल 5%
2. ह अजधसूचना 14 अक् तूबर, 2021 से लागू होगी और 31 ंाचि, 2022 तक, जिसंें ह तारीख भी िाजंल है, लागू रहगे ी ।
[फा. सं. सीबीआईसी -190354/226/2021-टीआर ू]
रािीि रंिन,अिर सजचि
NOTIFICATION
New Delhi, the 13th October,2021
No. 49/2021-Customs
G.S.R. 734(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act,
1962 (52 of 1962) read with section 124 of the Finance Act, 2021 (13 of 2021), the Central Government, on being
satisfied that it is necessary in the public interest so to do, hereby exempts goods of the description specified in
column (3) of the Table below and falling within the Chapter, heading or sub-heading or tariff item of the First
Schedule to the Customs Tariff Act, 1975 (51 of 1975) as specified in column (2) of the said Table, from so much
of the Agriculture Infrastructure and Development Cess leviable thereon under the said section of the Finance Act,
2021 (13 of 2021), as is in excess of the amount calculated at the rate specified in column (4) of the said Table,
namely: -
TABLE
S. No. Chapter or Heading or sub-heading Description of goods Rate
or tariff item of the First Schedule
(1) (2) (3) (4)
1. 1507 10 00 Crude Soya-bean oil, whether or not 5%
degummed
2. 1511 10 00 Crude Palm Oil 7.5%
3. 1512 11 10 Crude Sunflower seed oil 5%
2. This notification shall come into effect on the 14th October, 2021, and will remain in force up to and
inclusive of the 31st March, 2022.
[F. No. CBIC-190354/226/2021-TRU]
RAJEEV RANJAN, Under Secy.
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.