Okay, I will analyze the provided government policy text and generate the requested report.
**Report on Customs Duty Notification Amendments**
**1. Executive Summary:**
This report analyzes Notification No. 42/2021-Customs, dated September 10, 2021, which amends two existing customs notifications: 50/2017-Customs and 11/2021-Customs. The core purpose of these amendments, inferred from the text, is to modify customs duty rates and descriptions for specific goods. The key findings indicate changes in duty rates for certain items listed in Notification 50/2017-Customs and a change in the description and duty rate for Crude Palm Oil in Notification 11/2021-Customs. These changes likely aim to adjust import duties in response to economic factors or trade policy objectives.
**2. Introduction:**
The purpose of this report is to provide an informative analysis of Notification No. 42/2021-Customs, dated September 10, 2021, based solely on the provided text. The report will detail the changes introduced by this notification, their potential impact, and relevant implementation aspects.
**3. Policy Overview:**
* This notification constitutes an amendment to two existing policies:
* Notification No. 50/2017-Customs, dated June 30, 2017.
* Notification No. 11/2021-Customs, dated February 1, 2021.
* **Core Objective(s) (inferred):** The core objective of these amendments is to revise customs duty rates and/or product descriptions on imported goods. This adjustment is stated to be "necessary in the public interest" without further elaboration in this document.
**4. Background and Rationale:**
The provided text doesn't explicitly state the reasons *for these specific amendments*. However, we can infer that the changes are driven by a need to adjust import duties, potentially in response to factors such as:
* Fluctuations in global commodity prices.
* Changes in domestic demand and supply.
* Modifications to trade agreements or government policy related to specific sectors.
* For the specific case of Crude Palm Oil, the amendment seems to adjust its duty rate.
**5. Key Provisions / Changes:**
This notification introduces the following changes:
* **Amendment to Notification No. 50/2017-Customs:** The notification substitutes duty rates in column 4 of the table within the original notification (Part II, Section 3, Subsection i, vide number G.S.R. 785E., dated the 30th June, 2017) against specific serial numbers (S. Nos. 57, 61, 62, 65, 70, and 71):
* For S.No. 57 the entry is amended from unknown value to 2.5
* For S.No. 61 the entry is amended from unknown value to 2.5
* For S.No. 62 the entry is amended from unknown value to 32.5
* For S.No. 65 the entry is amended from unknown value to 32.5
* For S.No. 70 the entry is amended from unknown value to 2.5
* For S.No. 71 the entry is amended from unknown value to 32.5
* **Effect:** The change modifies the applicable customs duty for goods listed under these specific serial numbers.
* **Amendment to Notification No. 11/2021-Customs:**
* For S.No. 7 the description of goods in column 3 of the table within the original notification (Part II, Section 3, Subsection i, vide number G.S.R. 69E, dated the 1st February, 2021) against serial number 7 is amended from unknown value to “Crude Palm Oil”.
* For S.No. 7 the duty rate in column 4 of the table is amended to 20 from an unknown value.
* **Effect:** The change clearly specifies that S.No. 7 is about Crude Palm Oil, and adjust the customs duty rate for Crude Palm Oil imports.
**6. Target Audience and Stakeholders:**
Based on the text, the target audience and stakeholders directly affected by this notification include:
* Importers and exporters of goods listed under S. Nos. 57, 61, 62, 65, 70, and 71 of Notification No. 50/2017-Customs.
* Importers and exporters of Crude Palm Oil.
* Customs brokers and agents.
* The Ministry of Finance and its Department of Revenue, responsible for implementing and administering customs regulations.
* Related Industries.
**7. Implementation Aspects (Inferred):**
* **Responsible Agency/Bodies:** The Central Board of Indirect Taxes and Customs (CBIC), under the Department of Revenue, Ministry of Finance, is the responsible body. The notification is issued under the authority of the Central Government.
* **Timelines/Procedures:** The notification explicitly states that it comes into effect on September 11, 2021. This means that the revised duty rates and descriptions are applicable to imports cleared on or after this date. The procedures for assessment and collection of customs duties will follow existing customs regulations, but with the amended rates and descriptions.
**8. Expected Outcomes / Impact of Changes:**
The likely intended outcomes of these amendments are:
* **Impact of Changes in Notification No. 50/2017-Customs:** The adjustments in duty rates could potentially impact the cost of imports for the affected items, influencing their competitiveness in the domestic market. Depending on the specific goods, this may affect prices for consumers or profitability for businesses.
* **Impact of Changes in Notification No. 11/2021-Customs:** Adjusting the duty rate for Crude Palm Oil will likely affect the cost of importing this commodity, which is used in various industries. This change may influence the price of edible oils and other products that use Crude Palm Oil as an ingredient.
**9. Conclusion:**
Notification No. 42/2021-Customs introduces amendments to existing customs notifications, specifically Notification No. 50/2017-Customs and Notification No. 11/2021-Customs. These amendments adjust customs duty rates and descriptions for specified goods, with a focus on Crude Palm Oil. The notification is significant as it reflects ongoing adjustments to trade policy and import duties, likely influenced by economic factors and government objectives. The changes are expected to impact importers, exporters, and consumers, as well as industries reliant on the affected commodities.
Key Entities Referenced
Ministry of Finance: The Indian government ministry responsible for financial matters.
Department of Revenue: A department within the Ministry of Finance.
Customs Act, 1962: An Indian law relating to customs duties. Specifically, section 25 subsection 1 is referenced.
Customs Tariff Act, 1975: An Indian law related to tariffs on goods. Specifically, section 3 subsection 12 is referenced.
Finance Act, 2021: An Indian law related to finance. Specifically, section 124 is referenced.
Central Government: The government of India.
502017Customs: A notification related to Customs, dated 30th June, 2017.
112021Customs: A notification related to Customs, dated 1st February, 2021.
382021Customs: A notification related to Customs, dated 26th July, 2021.
New Delhi: The location where the notification was issued.
Gaurav Singh: Dy. Secy. issuing the notification.
Crude Palm Oil: Commodity mentioned in the notification.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-10092021-229549
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CG-DL-E-10092021-229549
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 510] नई ददल्ली, िुक्रिार, जसतम्ब र 10, 2021/भार 19, 1943
No. 510] NEW DELHI, FRIDAY, SEPTEMBER 10, 2021/BHADRA 19, 1943
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
अजधसचू ना
नई ददल् ली, 10 जसतम्ब र, 2021
स.ं 42/2021-सीमािल्ु क
सा.का.जन. 624(अ).—जित् त अजधजनयम, 2021 (2021 का 13) की धारा 124 के साथ पठित सीमा िुल्क
अजधजनयम, 1962 (1962 का 52) की धारा 25 की उप-धारा (1) और सीमा िल्ु क टैठरफ अजधजनयम, 1975 (1975 का
51) की धारा 3 की उप धारा (12) के तहत प्रदत्त िजियों का प्रयोग करत े हुए केन्द्र सरकार, इस बात से संतुष्ट होते हुए दक
ऐसा करना िनजहत म ें आिश्यक ह,ै एतदद्वारा, नीचे दी गई सारणी के कॉलम (2) में जिजनर्ददष् ट भारत सरकार, जित्त
मंत्रालय (रािस्ट्ि जिभाग) की जनम्न जलजखत अजधसूचनां को उ्त सारणी के कॉलम (3) की तत्स ंबंधी प्रजिजष्ट म ें
जिजनर्ददष् ट सीमा तक संिोधन करती ह,ै यथा:-
सारणी
क्र.स.ं अजधसचू ना सख्ं य ा तथा तारीख सिं ोधन
(1) (2) (3)
1. 50/2017-सीमा िुल्क, ददनांक 30 िून, 2017, उ्त अजधसूचना म,ें सारणी म,ें-
जिसे सा.का.जन. 785(अ), ददनांक 30 िून,
(i) क्रम संख् या 57 के समष, कॉलम (4) म,ें िततमान
5046 GI/2021 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
2017 के तहत भारत के रािपत्र, असाधारण, के प्रजिजष्ट के स्ट्थ ान पर, प्रजिजष्ट “2.5%” को
भाग II, खण्ड 3, उप-खण्ड (i) में प्रकाजित दकया प्रजतस्ट् थाजपत दकया िाएगा;
गया था ।
(ii) क्रम संख् या 61 के समष, कॉलम (4) म,ें िततमान
प्रजिजष्ट के स्ट्थ ान पर, प्रजिजष्ट “2.5%” को
प्रजतस्ट् थाजपत दकया िाएगा;
(iii) क्रम संख् या 62 के समष, कॉलम (4) म,ें िततमान
प्रजिजष्ट के स्ट् थान पर, प्रजिजष्ट “32.5%” को
प्रजतस्ट् थाजपत दकया िाएगा;
(iv) क्रम संख् या 65 के समष, कॉलम (4) म,ें िततमान
प्रजिजष्ट के स्ट् थान पर, प्रजिजष्ट “32.5%” को
प्रजतस्ट् थाजपत दकया िाएगा;
(v) क्रम संख् या 70 के समष, कॉलम (4) म,ें िततमान
प्रजिजष्ट के स्ट्थ ान पर, प्रजिजष्ट “2.5%” को
प्रजतस्ट् थाजपत दकया िाएगा;
(vi) क्रम संख् या 71 के समष, कॉलम (4) म,ें िततमान
प्रजिजष्ट के स्ट् थान पर, प्रजिजष्ट “32.5%” को
प्रजतस्ट् थाजपत दकया िाएगा;
2. 11/2021-सीमा िुल्क, ददनांक 1 फरिरी, उ्त अजधसूचना म,ें सारणी में,-
2021, जिसे सा.का.जन. 69(अ), ददनांक
(i) क्रम संख् या 7 के समष, कॉलम (3) म,ें िततमान
1 फरिरी, 2021 के तहत भारत के रािपत्र,
प्रजिजष्ट के स्ट्थ ान पर, प्रजिजष्ट “कच् चा पाम
असाधारण, के भाग II, खण्ड 3, उप-खण्ड (i) में
आयल” को प्रजतस्ट्थ ाजपत दकया िाएगा;;
प्रकाजित दकया गया था ।
(ii) क्रम संख् या 7 के समष, कॉलम (4) म,ें िततमान
प्रजिजष्ट के स्ट् थान पर, प्रजिजष्ट “20%” को
प्रजतस्ट् थाजपत दकया िाएगा;
2. यह अजधसूचना 11 जसतम्ब र, 2021 से लागू होगी ।
[फा. स.ं सीबीआईसी-190354/189/2021-टीआरयू]
गौरि ससह, उप सजचि
नोट :
1. प्रधान अजधसूचना संख् या 50/2017-सीमा िुल्क, ददनांक 30 िून, 2017, को सा.का.जन. 785(अ), ददनांक
30 िून, 2017 के तहत भारत के रािपत्र, असाधारण, के भाग II, खंड 3, उप-खंड (i) में प्रकाजित दकया गया
था और इसम ें अंजतम बार अजधसूचना संख्या 38/2021-सीमा िुल्क, ददनांक 26 िलु ाई, 2021, जिसे
सा.का.जन. 508(अ), ददनांक 26 िुलाई, 2021 के तहत भारत के रािपत्र, असाधारण, के भाग II, खंड 3,
उप-खंड (i) में प्रकाजित दकया गया था, के द्वारा संिोधन दकया गया ह ै।
2. प्रधान अजधसूचना संख् या 11/2021-सीमा िुल्क, ददनांक 1 फरिरी, 2021 को सा.का.जन. 69(अ), ददनांक
1 फरिरी, 2021 के तहत भारत के रािपत्र, असाधारण, के भाग II, खण्ड 3, उप-खण्ड (i) में प्रकाजित दकया
गया और इसम ें अंजतम बार अजधसूचना संख्या 38/2021-सीमा िुल्क, ददनांक 26 िलु ाई, 2021, जिसे
सा.का.जन. 508(अ), ददनांक 26 िुलाई, 2021 के तहत भारत के रािपत्र, असाधारण, के भाग II, खंड 3,
उप-खंड (i) में प्रकाजित दकया गया था, के द्वारा संिोधन दकया गया ह ै।[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 10th September,2021
No. 42/2021-Customs
G.S.R. 624(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the
Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Customs Tariff Act, 1975 (51 of
1975), 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 amends the following notifications of the
Government of India in the Ministry of Finance (Department of Revenue) specified in column (2) of the
Table below, to the extent specified in the corresponding entries in column (3) of the said Table, namely:-
TABLE
S. No. Notification No. and Date Amendments
(1) (2) (3)
1. 50/2017-Customs, dated the 30th June, 2017, In the said notification, in the Table-
published in the Gazette of India, Extraordinary,
(i) against S. No. 57, in column (4), for
Part II, Section 3, Sub-section (i), vide number
the entry, the entry “2.5%” shall be
G.S.R. 785(E)., dated the 30th June, 2017
substituted;
(ii) against S. No. 61, in column (4), for
the entry, the entry “2.5%” shall be
substituted;
(iii) against S. No. 62, in column (4), for
the entry, the entry “32.5%” shall be
substituted;
(iv) against S. No. 65, in column (4), for
the entry, the entry “32.5%” shall be
substituted;
(v) against S. No. 70, in column (4), for
the entry, the entry “2.5%” shall be
substituted;
(vi) against S. No. 71, in column (4), for
the entry, the entry “32.5%” shall be
substituted;
2. 11/2021-Customs, dated the 1st February, 2021, In the said notification, in the Table-
published in the Gazette of India, Extraordinary,
(i) against S. No. 7, in column (3), for
Part II, Section 3, Sub-section (i), vide number
the entry, the entry “Crude Palm Oil”
G.S.R. 69(E), dated the 1st February, 2021
shall be substituted;
(ii) against S. No. 7, in column (4), for
the entry, the entry “20%” shall be
substituted;
2. This notification shall come into effect on the 11th September, 2021.
[F. No. CBIC-190354/189/2021-TRU]
GAURAV SINGH, Dy. Secy,4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
Note :
1. The principal notification No. 50/2017-Customs, dated the 30th day of June, 2017 was
published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number
G.S.R. 785(E)., dated the 30thday of June, 2017 and last amended vide notification
No. 38/2021-Customs, dated the 26th day of July, 2021 published in the Gazette of India,
Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 508(E), dated the
26th day of July, 2021.
2. The principal notification No. 11/2021-Customs, dated the 1stday of February, 2021 was
published in the Gazette of India, Extraordinary, Part II, Section3, Sub-section (i), vide number
G.S.R. 69(E)., dated the 1st day of February, 2021 and last amended vide notification
No. 38/2021-Customs, dated the 26th day of July, 2021 published in the Gazette of India,
Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 508(E)., dated the
26th day of July, 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.