CBIC makes certain amendments vide Tariff Notification No. 13/2021



Quick Summary
The Central Board of Indirect Taxes & Customs (CBIC) has issued Tariff Notification No. 13/2021, making amendments to the fixation of tariff values for several key commodities. These include edible oils like palm oil and soya bean oil, brass scrap, poppy seeds, areca nuts, gold, and silver. The notification substitutes specific tables within the principal notification dated 3rd August 2001, with updated tariff values in US dollars per metric tonne or per unit of weight.

Tariff Notification No. 13/2021-CUSTOMS (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver

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: -

CBIC Amends Tariff Values for Edible Oils, Metals and More

"TABLE-1

Sl. No.

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

1013 (i.e. no change)

2

1511 90 10

RBD Palm Oil

1038 (i.e. no change)

3

1511 90 90

Others – Palm Oil

1026 (i.e. no change)

4

1511 10 00

Crude Palmolein

1044 (i.e. no change)

5

1511 90 20

RBD Palmolein

1047 (i.e. no change)

6

1511 90 90

Others – Palmolein

1046 (i.e. no change)

7

1507 10 00

Crude Soya bean Oil

1127 (i.e. no change)

8

7404 00 22

Brass Scrap (all grades)

4598 (i.e. no change)

9

1207 91 00

Poppy seeds

3623 (i.e. no change)

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

597 per 10 grams (i.e. no change)

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

953 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 currency coins, jewellery made of silver or articles made of silver.

953 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.

597 per 10 grams (i.e. no change)

TABLE-3

Sl. No.

Chapter/ heading/ sub-heading/tariff item

Description of goods

Tariff value

(US $ Per Metric Tonne)

(1)

(2)

(3)

(4)

1

080280

Areca nuts

3695 (i.e. no change)”

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. 08/2021-Customs (N.T.), dated the 29th January, 2021, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 446 (E), dated 29th January, 2021.

FAQ :

The notification amends the fixation of tariff values for certain goods, including edible oils, brass scrap, poppy seeds, areca nuts, gold, and silver, under the Customs Act, 1962.

The amendment covers Crude Palm Oil, RBD Palm Oil, other Palm Oils, Crude Palmolein, RBD Palmolein, and Crude Soya bean Oil.

For gold, the tariff value is US $597 per 10 grams. For silver, it is US $953 per kilogram.

The provided text indicates 'i.e. no change' for many of the listed items, suggesting the core values might remain the same while the notification structure is updated.

The amendments are made in exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962.




News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments :


More »


Popular News





CCI Pro