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Core Purpose

Amends Customs Notification No. 36/2001 by substituting Tables 1, 2, and 3 specifying tariff values for certain goods based on Customs Act, 1962.

Detailed Summary

The Central Board of Indirect Taxes & Customs, Ministry of Finance, Government of India, in exercise of powers under sub-section (2) of section 14 of the Customs Act, 1962, amends its Notification No. 36/2001-Customs (N.T.) dated August 3, 2001. The amendment substitutes TABLE-1, TABLE-2, and TABLE-3 of the principal notification with new tables listing revised tariff values. TABLE-1 provides values in US $ per Metric Tonne for various palm and soya bean oils, and brass scrap. TABLE-2 specifies values for Gold (1032 US $ per 10 grams) and Silver (1045 US $ per kilogram) in various forms, including medallions and coins, with specific explanations. TABLE-3 sets the tariff value for Areca nuts at 6970 US $ per Metric Tonne. This notification comes into force on April 16, 2025. The principal notification 36/2001 was last amended by Notification No. 23/2025-Customs (N.T.) dated April 8, 2025.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-15042025-262462 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 1695] NEW DELHI, TUESDAY, APRIL 15, 2025/CHAITRA 25, 1947 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 15th April, 2025 No. 24/2025-CUSTOMS (N.Τ.) S.O. 1726(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 | 1153 | +-------+-----------------------------------+----------------------------+------------------------+ | 2 | 1511 90 10 | RBD Palm Oil | 1162 | +-------+-----------------------------------+----------------------------+------------------------+ | 3 | 1511 90 90 | Others - Palm Oil | 1158 | +-------+-----------------------------------+----------------------------+------------------------+ | 4 | 1511 10 00 | Crude Palmolein | 1173 | +-------+-----------------------------------+----------------------------+------------------------+ | 5 | 1511 90 20 | RBD Palmolein | 1176 | +-------+-----------------------------------+----------------------------+------------------------+ | 6 | 1511 90 90 | Others - Palmolein | 1175 | +-------+-----------------------------------+----------------------------+------------------------+ | 7 | 1507 10 00 | Crude Soya bean Oil | 1098 | +-------+-----------------------------------+----------------------------+------------------------+ | 8 | 7404 00 22 | Brass Scrap (all grades) | 5469 | +-------+-----------------------------------+----------------------------+------------------------+ 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 | 1032 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 | 1045 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; | 1045 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; | 1032 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, silver in any form shall not include foreign currency coins, jewellery made of silver or articles made of silver. 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 Ton) | +-------+-----------------------------------+---------------------+----------------------------+ | (1) | (2) | (3) | (4) | +=======+===================================+=====================+============================+ | 1 | 080280 | Areca nuts | 6970" | +-------+-----------------------------------+---------------------+----------------------------+ 2. This notification shall come into force with effect from the 16th day of April, 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. 23/2025-Customs (N.T.), dated the 08th April 2025 e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 1668 (E), dated 08th April 2025.

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