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of <h1>Mumbai Customs Sets Tariff Values for Palm Oil and Brass Scrap u/s 14(2) of Customs Act 1962.</h1> The circular from the Commissioner of Customs (Import) in Mumbai outlines the fixation of tariff values under Section 14(2) of the Customs Act, 1962 for specific commodities, including Crude Palm Oil, RBD Palm Oil, RBD Palmolein, Crude Palmolein, and Brass Scrap. Effective from December 7, 2001, the tariff values are set at US$ 314 PMT for Crude Palm Oil, US$ 341 PMT for RBD Palm Oil, US$ 349 PMT for RBD Palmolein, US$ 334 PMT for Crude Palmolein, and US$ 1030 PMT for Brass Scrap. These values apply to goods cleared from a bonded warehouse on or after this date, with duties levied on these fixed values without additional charges.
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