Tariff Notification No. 28/2021-Customs (N.T.), Dated: 09.03.2021


Quick Summary
This notification from the Ministry of Finance, dated 9th March 2021, amends the Customs tariff values for various goods. It specifically updates the tariff values for items including Crude Palm Oil, RBD Palm Oil, Crude Palmolein, RBD Palmolein, Crude Soya bean Oil, Brass Scrap, Gold, Silver, and Areca nuts. These changes are made in accordance with the powers conferred by the Customs Act, 1962.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)

Notification No. 28/2021-CUSTOMS (N.T.)

New Delhi, the 9th March, 2021

18 Phalguna, 1942 (SAKA)

S. O. 1068(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 , 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, Extrarordinary, Part-II, Section-3, Sub-section (ii), vide numbers S. 0. 748 (E), dated the 3rd August, 2001, namely:‑

In the sad notification, for TABLE-i, TABLE-2, aid TABLE-3 the following Tables shall be substituted, namely: –

“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 1082 (i.e. no change)
2 1511 90 10 RBD Palm Oil 1108 (i.e. no change)
3 1511 90 90 Others – Palm Oil 1095 (i.e. no change)
4 1511 10 00 Crude Palmolein 1114 (i.e. no change)
5 1511 90 20 RBD Palmolein 1117 (i.e. no change)
6 1511 90 90 Others – Palmolein 1116 (i.e. no change)
7 1507 10 00 Crude Soya bean Oil 1123 (i.e. no change)
8 7404 00 22 Brass Scrap (all grades) 4925 (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 543 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 900 per kilogram (i.e.
no change)
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.

900 per kilogram (i.e.
no change)
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.

543 per 10 grams

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 4284 (i.e. no change)”

[F. No. 467/01/2021-Cus-V]
BULLO MAMU, Under Secy.

Note: The principal notification was published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide 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. 25/2021-Customs (N.T.), dated the 26th February, 2021, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 937 (E), dated 26th February, 2021.

FAQ :

The purpose of this notification is to amend the existing tariff values for certain goods as per sub-section (2) of section 14 of the Customs Act, 1962.

The notification amends tariff values for Crude Palm Oil, RBD Palm Oil, Crude Palmolein, Crude Soya bean Oil, Brass Scrap, Gold, Silver, and Areca nuts.

This notification was issued on the 9th March 2021.

This notification amends the principal notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001.

Yes, the notification provides updated tariff values for Crude Palm Oil, RBD Palm Oil, Crude Palmolein, and other Palmolein variants.

Yes, the notification specifies tariff values for gold and silver in various forms, including those eligible for benefits under specific previous notifications.

 

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