The provided text is a notification issued by the Ministry of Finance, specifically the Department of Revenue, under the Central Board of Indirect Taxes and Customs. The notification numbered 34/2023-Customs (N.T.), is dated May 15, 2023, and contains amendments to a previous notification (No. 36/2001-Customs (N.T.)).
The notification primarily focuses on the substitution of three tables: TABLE-1, TABLE-2, and TABLE-3, which were originally present in the previous notification. The new tables provide updated tariff values for various goods in different categories.
Here’s a breakdown of the key information conveyed in the notification:
1. TABLE-1: This table lists specific chapters/headings/sub-headings/tariff items, descriptions of goods, and corresponding tariff values in US dollars per metric tonne. It includes items such as crude palm oil, RBD palm oil, crude palmolein, RBD palmolein, crude soya bean oil, and brass scrap.
2. TABLE-2: This table provides descriptions of goods and their respective tariff values in US dollars. The goods mentioned include gold and silver in different forms, such as bars, coins, and findings. The tariff values are specified per 10 grams for gold and per kilogram for silver.
3. TABLE-3: This table pertains to areca nuts, providing the chapter/heading/sub-heading/tariff item, description of goods, and tariff value in US dollars per metric tonne. The tariff value remains unchanged at 10,379 US dollars.
The notification states that the amendments and the revised tables will come into effect from May 16, 2023.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
Notification No. 34/2023-Customs (N.T.) | Dated: 15.05.2023
S.O. 2182(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- heading /tariff item | Description of goods | Tariff value (US $Per Metric Tonne) |
| (1) | (2) | (3) | (4) |
| 1 | 1511 10 00 | Crude Palm Oil | 988 |
| 2 | 1511 90 10 | RBD Palm Oil | 1020 |
| 3 | 1511 90 90 | Others – Palm Oil | 1004 |
| 4 | 1511 10 00 | Crude Palmolein | 1030 |
| 5 | 1511 90 20 | RBD Palmolein | 1033 |
| 6 | 1511 90 90 | Others – Palmolein | 1032 |
| 7 | 1507 10 00 | Crude Soya bean Oil | 983 |
| 8 | 7404 00 22 | Brass Scrap (all grades) | 5105 |
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 | 650 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 30.06.2017is availed | 773 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- 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. |
773 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. |
650 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 | 10379 (i.e., no change)” |
2. This notification shall come into force with effect from the 16th day of May, 2023.
[F. No. 467/01/2023-Cus.V]
R. ANANTH, Dy. 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. 32/2023-Customs (N.T.), dated the 28th April, 2023, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 1967(E), dated 28th April, 2023.
