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Core Purpose

This notification amends a previous notification to revise the tariff values for certain imported goods under the Customs Act, 1962.

Detailed Summary

This notification, issued by the Central Board of Indirect Taxes and Customs under the Ministry of Finance on April 30, 2025 (Notification No. 33/2025-CUSTOMS (N.Τ.)), exercises powers conferred by sub-section (2) of section 14 of the Customs Act, 1962. It amends the earlier Notification No. 36/2001-Customs (N.T.) dated August 3, 2001, by substituting TABLE-1, TABLE-2, and TABLE-3. The new tables specify revised tariff values for various imported goods. TABLE-1 lists values for different types of Palm Oil, Palmolein, Crude Soya bean Oil, and Brass Scrap in US dollars per metric tonne. TABLE-2 provides tariff values for Gold (per 10 grams) and Silver (per kilogram), with specific conditions referencing Notification No. 50/2017-Customs and clarifying which forms of silver are included or excluded, explicitly excluding foreign currency coins, jewellery, or articles made of silver. TABLE-3 sets the tariff value for Areca nuts in US dollars per metric ton, noting no change from the previous value. This amendment comes into effect from May 1, 2025. The notification also references the principal notification's publication details and its last amendment (Notification No. 28/2025-Customs (N.T.) dated April 23, 2025).

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-30042025-262787 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 1904] NEW DELHI, WEDNESDAY, APRIL 30, 2025/VAISAKHA 10, 1947 2869 GI/2025 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 30th April, 2025 No. 33/2025-CUSTOMS (N.Τ.) S.O. 1947(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 | 1049 | +---------+-------------------------------------+-----------------------------------+--------------------------+ | 2 | 1511 90 10 | RBD Palm Oil | 1101 | +---------+-------------------------------------+-----------------------------------+--------------------------+ | 3 | 1511 90 90 | Others - Palm Oil | 1075 | +---------+-------------------------------------+-----------------------------------+--------------------------+ | 4 | 1511 10 00 | Crude Palmolein | 1109 | +---------+-------------------------------------+-----------------------------------+--------------------------+ | 5 | 1511 90 20 | RBD Palmolein | 1112 | +---------+-------------------------------------+-----------------------------------+--------------------------+ | 6 | 1511 90 90 | Others - Palmolein | 1111 | +---------+-------------------------------------+-----------------------------------+--------------------------+ | 7 | 1507 10 00 | Crude Soya bean Oil | 1103 | +---------+-------------------------------------+-----------------------------------+--------------------------+ | 8 | 7404 00 22 | Brass Scrap (all grades) | 5394 | +---------+-------------------------------------+-----------------------------------+--------------------------+ 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 | 1064 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 | 1076 per kilogram | | | | entries at serial number 357 of the Notification No. | | | | | 50/2017-Customs dated 30.06.2017 is availed | | +---------+-------------------------------------+-----------------------------------+----------------------+ | | | (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; | | | 3. | 71 | | 1076 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. | | +---------+-------------------------------------+-----------------------------------+----------------------+ 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 (i.e., no change)" | +---------+-------------------------------------+-----------------------------------+--------------------------+ 2. This notification shall come into force with effect from the 01st day of May, 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. 28/2025-Customs (N.T.), dated the 23rd April 2025 e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 1841 (E), dated 23rd April 2025.

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