Gazette Tracker
Gazette Tracker

Core Purpose

This notification amends the customs duty tariff values for specified goods by substituting Tables 1, 2, and 3 of a previous notification.

Detailed Summary

The notification issued by the Central Board of Indirect Taxes and Customs, Ministry of Finance, substitutes TABLE-1, TABLE-2, and TABLE-3 of Notification No. 36/2001-Customs. These tables specify revised tariff values for various goods. TABLE-1 lists tariff values for crude palm oil (USD 1137/MT), RBD palm oil (USD 1180/MT), other palm oils, crude palmolein (USD 1189/MT), RBD palmolein (USD 1192/MT), other palmoleins, crude soybean oil (USD 1074/MT), and brass scrap (USD 5249/MT). TABLE-2 sets tariff values for gold (USD 858 per 10 grams) and silver (USD 961 per kilogram) in various forms, with specific conditions related to Notification No. 50/2017-Customs. TABLE-3 maintains the tariff value for areca nuts at USD 6448 per metric ton without change. This notification is effective from January 16, 2025.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-15012025-260262 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 292] NEW DELHI, WEDNESDAY, JANUARY 15, 2025/PAUSHA 25, 1946 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 15th January, 2025 No. 03/2025-CUSTOMS (N.T.) S.O. 294(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 | 1137 | +-----+-------------------------------+--------------------------------+--------------------------+ | 2 | 1511 90 10 | RBD Palm Oil | 1180 | +-----+-------------------------------+--------------------------------+--------------------------+ | 3 | 1511 90 90 | Others - Palm Oil | 1159 | +-----+-------------------------------+--------------------------------+--------------------------+ | 4 | 1511 10 00 | Crude Palmolein | 1189 | +-----+-------------------------------+--------------------------------+--------------------------+ | 5 | 1511 90 20 | RBD Palmolein | 1192 | +-----+-------------------------------+--------------------------------+--------------------------+ | 6 | 1511 90 90 | Others - Palmolein | 1191 | +-----+-------------------------------+--------------------------------+--------------------------+ | 7 | 1507 10 00 | Crude Soya bean Oil | 1074 | +-----+-------------------------------+--------------------------------+--------------------------+ | 8 | 7404 00 22 | Brass Scrap (all grades) | 5249 | +-----+-------------------------------+--------------------------------+--------------------------+ 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 entries at serial number 356 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed | 858 per 10 grams | +-----+-------------------------------+----------------------------------------------------------------------------------------------------------------------------------+--------------------+ | 2. | 71 or 98 | Silver, in any form, in respect of which the benefit of entries at serial number 357 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed | 961 per kilogram | +-----+-------------------------------+----------------------------------------------------------------------------------------------------------------------------------+--------------------+ | 3. | 71 | (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; | 961 per kilogram | | | | (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. | | +-----+-------------------------------+----------------------------------------------------------------------------------------------------------------------------------+--------------------+ | 4. | 71 | (i) Gold bars, other than tola bars, bearing manufacturer's or refiner's engraved serial number and weight expressed in metric units; | 858 per 10 grams | +-----+-------------------------------+----------------------------------------------------------------------------------------------------------------------------------+--------------------+ (ii) Gold coins having gold content not below 99.5% and gold findings, other than imports of such goods 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. 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 | 6448 (i.e., no change)" | +-----+-------------------------------+----------------+----------------------------+ 2. This notification shall come into force with effect from the 16th day of January, 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. 88/2024-Customs (N.T.), dated the 31st December 2024 e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 5657 €, dated 31st December 2024. 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. SARVESH KUMAR Digitally signed by SARVESH SRIVASTAVA Date: 2025.01.15 2251:01+0530

Never miss important gazettes

Create a free account to save gazettes, add notes, and get email alerts for keywords you care about.

Sign Up Free