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Core Purpose

Notification amending tariff values for edible oils, brass scrap, precious metals, and areca nuts under Section 14(2) of the Customs Act, 1962.

Detailed Summary

Notification No. 67/2023-Customs (N.T.), S.O. 4086(E), dated 15th September 2023, issued by the Central Board of Indirect Taxes and Customs, Ministry of Finance (Department of Revenue), under sub-section (2) of Section 14 of the Customs Act, 1962 (52 of 1962), amends Tables 1, 2 and 3 of notification No. 36/2001-Customs (N.T.) dated 3rd August 2001 (S.O. 748(E)), effective 16th September 2023. Revised tariff values include Crude Palm Oil USD 909 per Metric Tonne, RBD Palm Oil USD 913, Other Palm Oil USD 911, Crude Palmolein USD 914, RBD Palmolein USD 917, Other Palmolein USD 916, Crude Soya Bean Oil USD 1006, and Brass Scrap (all grades) USD 4816 (Table 1); Gold (per entry 356 of Notification No. 50/2017-Customs dated 30.06.2017) at USD 612 per 10 grams and Silver (per entry 357 of the same notification) and other qualifying silver/gold forms at USD 740 per kilogram or USD 612 per 10 grams respectively (Table 2); and Areca Nuts at USD 7765 per Metric Ton, unchanged (Table 3). The principal notification was last amended by Notification No. 63/2023-Customs (N.T.) dated 31st August 2023 (S.O. 3851(E)). The notification is signed by Harish Kumar, Under Secretary, under File No. 467/01/2023-Cus.V.

Full Text

5901 GI/202 3 (1) रजिस्ट्री सं. डी.एल.- 33004/99 REGD. No . D. L. -33004/99 EXTRAORDINARY PART II —Section 3 —Sub-section ( ii) PUBLISHED BY AUTHORITY No. 3922] NEW DELHI, FRIDAY , SEPTEMBER 15 , 2023/ BHADRA 24, 1945 CG-DL-E-15092023-248781 (1) (2) (3) (4) (1) (2) (3) (4) (1) (2) (3) (4) MINISTRY OF FINANCE (Department of Revenu ) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 15th September , 2023 No. 67/2023-CUSTOMS (N.T.) S.O. 4086(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 Gazett e 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. N o. Chapter/ heading/ sub - heading/tariff item Description of goods Tariff value (US $Per Metric Tonne) (1) (2) (3) (4) 1 1511 10 00 Crude Palm Oil 909 2 1511 90 10 RBD Palm Oil 913 3 1511 90 90 Others – Palm Oil 911 4 1511 10 00 Crude Palmolein 914 5 1511 90 20 RBD Palmolein 917 6 1511 90 90 Others – Palmolein 916 7 1507 10 00 Crude Soya bean Oil 1006 8 7404 00 22 Brass Scrap (all grades) 4816 TABLE -2 Sl. No. Chapter/ heading/ sub - heading/tariff item Description of goods Tariff value (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 612 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 740 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; (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 curren cy coins, jewellery made of silver or articles made of silver. 740 per kilogram 4. 71 (i) Gold bars, other than tola bars, bearing manufacturer’s or refiner’s engraved serial number and weight expressed in metric units; (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. 612 per 10 grams TABLE -3 Sl. No. Chapter/ heading/ sub - heading/tariff item Description of goods Tariff value (US $ Per Metric Ton) (1) (2) (3) (4) 1 080280 Areca nuts 7765 (i.e., no change)” 2. This notification shall come into force with effect from the 16th day of September , 2023. [F. No. 467/01/2023 -Cus.V] HARISH KUMAR , 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. 63/2023 -Customs (N.T.), dated the 31st August , 2023, e -published in the Gazette of India, Extraordinary, Part -II, Section -3, Sub-section (ii), vide number S.O. 3851 (E), dated 31s t August, 2023 . Uploaded by Dte. of Printing at Government of India Press, Ring R oad, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.

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