## Policy Analysis Report: Customs Notification No. 55/2022
**1. Executive Summary:**
This report analyzes Customs Notification No. 55/2022, a policy amendment issued by the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs (CBIC) on June 30, 2022. This notification amends a previous notification (No. 36/2001-Customs N.T.) by substituting existing tables defining tariff values for specified goods. The core purpose is to update the tariff values of Crude Palm Oil, RBD Palm Oil, Others Palm Oil, Crude Palmolein, RBD Palmolein, Others Palmolein, Crude Soya bean Oil, Brass Scrap all grades, Gold, Silver and Areca nuts for import purposes. The key finding is that the notification aims to reflect current market values of these commodities for customs valuation, impacting import duties and revenue collection.
**2. Introduction:**
This report provides a detailed analysis of Customs Notification No. 55/2022, based solely on the provided policy text. The objective is to inform stakeholders, particularly importers and exporters, about the changes introduced by this amendment.
**3. Policy Overview:**
* **Amendment:** This notification is an amendment to 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, Subsection ii, vide number S. O. 748 E, dated the 3rd August, 2001 and was last amended vide Notification No. 50/2022-Customs N.T., dated the 15th June, 2022.
* **Core Objective(s):** The core objective, as inferred from the text, is to revise and update the tariff values used for the calculation of customs duties on specific imported goods. The CBIC deemed it "necessary and expedient" to make these amendments.
**4. Background and Rationale:**
* **Amendment Rationale:** The amendment is likely driven by fluctuations in the international market prices of the specified commodities (Palm Oil, Palmolein, Soya bean Oil, Brass Scrap, Gold, Silver and Areca nuts). Updating tariff values ensures that customs duties are aligned with prevailing market conditions and prevent revenue losses due to undervalued imports.
**5. Key Provisions / Changes:**
This amendment focuses on updating the tariff values for certain goods. Specifically, the notification replaces existing TABLE 1, TABLE 2 and TABLE 3 with new tables.
* **Specific Part Changed:** TABLE 1, TABLE 2, and TABLE 3 of the original notification (No. 36/2001-Customs N.T.) are replaced in their entirety.
* **New Rule/Provision:** The new tables (TABLE 1, TABLE 2 and TABLE 3) specify revised tariff values for the following items:
* **TABLE 1:** Updates tariff values (US$ per Metric Tonne) for various types of Palm Oil and Palmolein (Crude, RBD, Others), Crude Soya bean Oil and Brass Scrap (all grades). The specific values can be found in the original document.
* **TABLE 2:** Updates tariff values for Gold and Silver in any form, in respect of which the benefit of entries at serial number 356 and 357 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed. This also includes the values for Gold bars, other than tola bars, bearing manufacturers or refiners engraved serial number and weight expressed in metric units; and Gold coins having gold content not below 99.5 and gold findings.
* **TABLE 3:** Updates tariff values for Areca nuts (US$ per Metric Tonne).
* **Effect of Change:** The revised tariff values will directly impact the calculation of import duties on the specified goods. Depending on the changes in tariff value (increase/decrease), the amount of duty payable will change accordingly.
**6. Target Audience and Stakeholders:**
The primary target audience includes:
* **Importers of Palm Oil, Palmolein, Soya bean Oil, Brass Scrap, Gold, Silver and Areca nuts:** These importers will be directly affected by the changes in tariff values, impacting their import costs and pricing strategies.
* **Exporters of these commodities to India:** The revised tariff values may influence the competitiveness of their products in the Indian market.
* **Customs brokers and clearing agents:** These entities need to be aware of the updated tariff values to accurately calculate and process import duties.
**7. Implementation Aspects (Inferred):**
* **Responsible Agency/Bodies:** The Central Board of Indirect Taxes and Customs (CBIC) is responsible for implementing and enforcing this notification.
* **Timelines/Procedures:** The notification comes into effect on July 1, 2022. Importers must use the revised tariff values for customs clearance of goods arriving on or after this date. The procedures for customs valuation remain the same, but the base value used for calculation will be different.
**8. Expected Outcomes / Impact of Changes:**
* The expected outcome is to align customs valuation with current market prices, ensuring accurate duty collection and preventing revenue leakage.
* The amendment's impact will be on the import costs of the listed commodities, potentially influencing their prices in the domestic market.
* Depending on the specific tariff changes, there could be a shift in import volumes and sourcing patterns for these commodities.
**9. Conclusion:**
Customs Notification No. 55/2022 is a significant amendment impacting the import of Palm Oil, Palmolein, Soya bean Oil, Brass Scrap, Gold, Silver and Areca nuts into India. By updating the tariff values for these goods, the CBIC aims to ensure fair and accurate customs duty collection, reflecting current market realities. Stakeholders, especially importers, need to carefully review the revised tables and adjust their import strategies accordingly.
Key Entities Referenced
Customs Act, 1962: An act of Indian Parliament related to customs duties.
Central Board of Indirect Taxes and Customs: A government organization under the Department of Revenue, Ministry of Finance, responsible for formulation of policy concerning levy and collection of customs.
Ministry of Finance: A ministry of the Government of India responsible for economic and financial matters.
Department of Revenue: A department under the Ministry of Finance, Government of India.
New Delhi: The capital of India, where the notification was issued.
Crude Palm Oil: A type of Palm oil with tariff item 1511 10 00
RBD Palm Oil: A type of Palm oil with tariff item 1511 90 10
Palm Oil: A type of Palm oil with tariff item 1511 90 90
Crude Palmolein: A type of Palmolein with tariff item 1511 10 00
RBD Palmolein: A type of Palmolein with tariff item 1511 90 20
Palmolein: A type of Palmolein with tariff item 1511 90 90
Crude Soya bean Oil: A type of Soya bean Oil with tariff item 1507 10 00
Brass Scrap: A type of Scrap with tariff item 7404 00 22
Areca nuts: A type of nuts with tariff item 080280
Notification No. 502017Customs: A notification related to customs issued on 30.06.2017
Notification No. 362001Customs N.T.: A notification related to customs issued on 3rd August, 2001
Notification No. 502022Customs N.T.: A notification related to customs issued on 15th June, 2022
July, 2022: Date of effect for changes in Notification
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
ससीी..जजीी..--डडीी..एएलल..--अअ..--3300006622002222--223366991199
xxxGIDHxxx
CCGG--DDLL--EE--3300006622002222--223366991199
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.ं 2817] नई दिल्ली, बहृ स्ट्प जतिार, िनू 30, 2022/आर्ाढ़ 9, 1944
No. 2817] NEW DELHI, THURSDAY, JUNE 30, 2022/ASHADHA 9, 1944
जित्त मंत्रालय
(रािस्ट्ि जिभाग)
(केंद्रीय अप्रत्यक्ष कर एि ंसीमा िल्ु क बोडड)
अजधसचू ना
नई दिल्ली, 30 िून, 2022
स.ं 55/2022-सीमा िल्ु क (ग.ैटै.)
का.आ. 2960(अ).— सीमा िुल्क अजधजनयम, 1962 (1962 का 52) की धारा 14 की उपधारा (2) द्वारा
प्रित् त िजियों का प्रयोग करत े हुए, केंद्रीय अप्रत्यक्ष कर एि ं सीमा िुल्क बोड,ड इस बात स े संतुष्ट होने पर दक ऐसा करना
आिश्यक एि ं समीचीन ह,ै एतद्द्वारा, भारत सरकार, जित्त मंत्रालय (रािस्ट्ि जिभाग) की अजधसूचना स.ं 36/2001-सीमा
िुल्क (ग.ै टै.), दिनांक 3 अगस्ट्त, 2001, जिसे का.आ. 748 (अ), दिनांक 3 अगस्ट्त, 2001 के तहत भारत के रािपत्र,
असाधारण के भाग-II, खंड-3, उपखंड (ii) म ें प्रकाजित दकया गया था, म ें जनम्नजलजखत संिोधन करता ह,ै अथाडत्:-
उक्त अजधसूचना म,ें सारणी-1, सारणी-2 और सारणी-3 के स्ट्थान पर जनम्नजलजखत सारजणयााँ प्रजतस्ट्थाजपत की
िाएाँगी, अथाडत:्-
"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 1401
2 1511 90 10 आर बी डी पॉम ऑयल 1482
4361 GI/2022 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
3 1511 90 90 अन् य पॉम ऑयल 1442
4 1511 10 00 कच्चा पामोजलन 1545
5 1511 90 20 आर बी डी पामोलीन 1548
6 1511 90 90 अन्य पामोलीन 1547
7 1507 10 00 सोयाबीन का कच् चा तेल 1572
8 7404 00 22 पीतल स्ट् क्रेप (सभी ग्रडे ) 5329
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 585 प्रजत 10 ग्राम
संख्या 50/2017-सीमा िुल्क, दिनांक 30.06.2017 की
प्रजिजष्ट संख्या 356 के अतं गतड लाभ प्राप्त दकया गया हो
2 71 या 98 रित, दकसी भी रूप म,ें जिसके सम्बन्ध म ें अजधसूचना 686
संख्या 50/2017-सीमा िुल्क, दिनांक 30.06.2017 की प्रजत दकलोग्राम
प्रजिजष्ट संख्या 357 के अतं गतड लाभ प्राप्त दकया गया हो
(i) रित, पिकीय या रित जसक्कों स े जभन्न दकसी भी रूप
म,ें जिसकी रित अंतिडस्ट्त ु 99.9 प्रजतित स े कम नहीं ह ै
या उपिीर् ड 7106 92 के अधीन आन े िाले रित के अध ड
जिजनर्मडत प्ररूप;
686 प्रजत
3 71 (ii) पिकीय या रित जसक्के, जिसकी रित अंतिडस्ट्त ु 99.9 दकलोग्राम
प्रजतित से कम नहीं ह ै या डाक, कुररयर या सामान के
माध्यम स े ऐसे माल के आयात स े जभन्न उपिीर् ड 7106
92 के अधीन आन ेिाले रित के अध डजिजनर्मडत प्ररूप।
स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोिनों के जलए, दकसी भी
प्ररूप म ें रित के अंतगतड जििेिी मुद्रा के जसक्के, रित स े
बने आभूर्ण या रित स े बनी िस्ट्तुए ंनहीं ह।ैं
(i) स्ट्िणड बार, तोला बार से जभन्न, जिस पर
जिजनमाडणकता ड या ररयाइनर का खुिा हुआ क्रम संख्यांक
और जमररक यूजनटों म ें भार अजभव्यि ह;ै
(ii) स्ट्िणड जसक्के, जिसमें 99.5 प्रजतित स े अन्यून स्ट्िण ड ह,ै
4 71 और स्ट्िणड प्राजप्तयां, डाक, कुररयर या बैगेि के माध्यम स े 585 प्रजत 10 ग्राम
ऐसे माल के आयात से जभन्न।
स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोिन के जलए, "स्ट्िण ड
प्राजप्तयां" स े कोई छोटा संघटक, िैसे हुक, क्लास्ट्प, क्लैंप,
जपन, कैच, स्ट्क्रू बैक, जिसका उपयोग पूण ड आभूर्ण या
उसके दकसी भाग को स्ट्थान म ें िोड़े रखन े के जलए दकया
िाता ह,ै अजभप्रेत ह।ै[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3
सारणी-3
क्रम. स.ं अध् याय/िीर्/ड
टैररफ मूल् य
उपिीर्/ड टैररफ माल का जििरण
(अमरीकी डालर प्रजत मीररक टन)
मि
(1) (2) (3) (4)
1 080280 सुपारी 7065 (अथाडत कोई पररितडन नहीं)”
2. यह अजधसूचना 01 िुलाई, 2022 से प्रभािी होगी ।
[फा. स.ं 467/01/2022-सीमा िुल्क –V]
हरीि कुमार, अिर सजचि
नोट : मूल अजधसूचना भारत के रािपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) म ें अजधसूचना स.ं 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.ं 50/2022-सीमािुल्क (गै.ट.ै ), दिनांक 15 िनू , 2022, जिसे का.आ. 2755
(अ) दिनांक 15 िून, 2022 के तहत भारत के रािपत्र, असाधारण के भाग- II, खंड-3, उपखंड (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 30th June, 2022
No. 55/2022-CUSTOMS (N.T.)
S.O. 2960(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/ 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 1401
2 1511 90 10 RBD Palm Oil 1482
3 1511 90 90 Others – Palm Oil 1442
4 1511 10 00 Crude Palmolein 1545
5 1511 90 20 RBD Palmolein 1548
6 1511 90 90 Others – Palmolein 1547
7 1507 10 00 Crude Soya bean Oil 1572
8 7404 00 22 Brass Scrap (all grades) 53294 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
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
1. benefit of entries at serial number 356 of the
71 or 98 585 per 10 grams
Notification No. 50/2017-Customs dated
30.06.2017 is availed
Silver, in any form, in respect of which the
2. benefit of entries at serial number 357 of the
71 or 98 686 per kilogram
Notification 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;
3.
(ii) Medallions and silver coins having silver
content not below 99.9% or semi-manufactured
71 forms of silver falling under sub-heading 7106 686 per kilogram
92, 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;
4. (ii) Gold coins having gold content not below
99.5% and gold findings, other than imports of
71 such goods through post, courier or baggage. 585 per 10 grams
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 7065 (i.e., no change)”
2. This notification shall come into force with effect from the 01st day of July, 2022.
[F. No. 467/01/2022-Cus-V]
HARISH KUMAR, Under Secy.[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 5
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. 50/2022-Customs (N.T.), dated the 15th June, 2022, e-published in the Gazette of India,
Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 2755 (E), dated 15th June,
2022.
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.