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Core Purpose

This notification amends Notification No. 36/2001-Customs (N.T.) by substituting TABLE-1, TABLE-2, and TABLE-3, exercising powers under sub-section (2) of section 14 of the Customs Act, 1962.

Detailed Summary

The Ministry of Finance (Department of Revenue), Central Board of Indirect Taxes and Customs, issued Notification No. 43/2025-CUSTOMS (N.T.), S.O. 2632(E) on June 13, 2025. This notification, exercising powers under sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), amends the Government of India's Notification No. 36/2001-Customs (N.T.), dated August 3, 2001 (S. O. 748 (E)), by substituting TABLE-1, TABLE-2, and TABLE-3. The new TABLE-1 specifies tariff values (US $ Per Metric Tonne) for various palm oils and crude soya bean oil, including Crude Palm Oil at 991, RBD Palm Oil at 1026, Others - Palm Oil at 1009, Crude Palmolein at 1027, RBD Palmolein at 1030, Others - Palmolein at 1029, Crude Soya bean Oil at 1063, and Brass Scrap (all grades) at 5550. The new TABLE-2 sets tariff values for Gold (1092 US $ per 10 grams) and Silver (1171 US $ per kilogram), applicable to goods benefiting from Notification No. 50/2017-Customs dated June 30, 2017, and also for other forms of silver, with an explanation clarifying exclusions for foreign currency coins, jewellery, or articles made of silver. The new TABLE-3 establishes a tariff value for Areca nuts (080280) at 6970 US $ Per Metric Ton. This notification comes into force on June 14, 2025. The principal notification was previously amended by Notification No. 42/2025-Customs (N.T.), dated June 11, 2025 (S.O. 2557 (E)).

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-13062025-263790 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 2568] NEW DELHI, FRIDAY, JUNE 13, 2025/JYAISTHA 23, 1947 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 13th June, 2025 No. 43/2025-CUSTOMS (Ν.Τ.) S.O. 2632(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 +-----+--------------------------+--------------------------+--------------------------+ | Sl. No. | Chapter/heading/ sub- | Description of goods | Tariff value | | | heading/tariff item | | (US $Per Metric Tonne) | +-----+--------------------------+--------------------------+--------------------------+ | (1) | (2) | (3) | (4) | +=====+==========================+==========================+==========================+ | 1 | 1511 10 00 | Crude Palm Oil | 991 | +-----+--------------------------+--------------------------+--------------------------+ | 2 | 1511 90 10 | RBD Palm Oil | 1026 | +-----+--------------------------+--------------------------+--------------------------+ | 3 | 1511 90 90 | Others - Palm Oil | 1009 | +-----+--------------------------+--------------------------+--------------------------+ | 4 | 1511 10 00 | Crude Palmolein | 1027 | +-----+--------------------------+--------------------------+--------------------------+ | 5 | 1511 90 20 | RBD Palmolein | 1030 | +-----+--------------------------+--------------------------+--------------------------+ | 6 | 1511 90 90 | Others - Palmolein | 1029 | +-----+--------------------------+--------------------------+--------------------------+ | 7 | 1507 10 00 | Crude Soya bean Oil | 1063 | +-----+--------------------------+--------------------------+--------------------------+ | 8 | 7404 00 22 | Brass Scrap (all grades) | 5550 | +-----+--------------------------+--------------------------+--------------------------+ TABLE-2 +-----+--------------------------+-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------+--------------------------+ | Sl. No. | Chapter/heading/ sub- | Description of goods | Tariff value | | | heading/tariff item | | (US $) | +-----+--------------------------+-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------+--------------------------+ | (1) | (2) | (3) | (4) | +=====+==========================+=============================================================================================================================================================================+==========================+ | 1. | 71 or 98 | Gold, in any form, in respect of which the benefit of | 1092 per 10 grams | | | | entries at serial number 356 of the Notification No. | | | | | 50/2017-Customs dated 30.06.2017 is availed | | +-----+--------------------------+-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------+--------------------------+ | 2. | 71 or 98 | Silver, in any form, in respect of which the benefit of | 1171 per kilogram | | | | entries at serial number 357 of the Notification No. | | | | | 50/2017-Customs dated 30.06.2017 is availed | | +-----+--------------------------+-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------+--------------------------+ | 3. | 71 | (i) Silver, in any form, other than medallions and | 1171 per kilogram | | | | 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 | | | | | forms of silver falling under sub-heading 7106 | | | | | 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. | | +-----+--------------------------+-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------+--------------------------+ TABLE-3 +-----+--------------------------+--------------------------+--------------------------+ | Sl. No. | Chapter/heading/ sub- | Description of goods | Tariff value | | | heading/tariff item | | (US $ Per Metric Ton) | +-----+--------------------------+--------------------------+--------------------------+ | (1) | (2) | (3) | (4) | +=====+==========================+==========================+==========================+ | 1 | 080280 | Areca nuts | 6970 | +-----+--------------------------+--------------------------+--------------------------+ 2. This notification shall come into force with effect from the 14th day of June, 2025. [F. No. 467/01/2025-Cus.V] MEGHA BANSAL, 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. 42/2025-Customs (N.T.), dated the 11th June 2025 e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 2557 (E), dated 11th June 2025.

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