Limitation in customs appeals permits exclusion for bona fide refund proceedings, enabling restoration of Bill of Entry assessment challenges on merit...
Warehousing permission requires deposit at the designated bonded warehouse; unauthorised diversion triggers confiscation, redemption fine and importer...
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver - The amendment Notification No. 29/2024-Customs (N.T.) updates the tariff values for commodities such as Crude Palm Oil, RBD Palm Oil, Crude Palmolein, and others, as well as precious metals like gold and silver. For example, the new tariff value for Crude Palm Oil is now set at $952 per metric tonne, an increase from the previous value. Such adjustments are crucial for calculating customs duties and have direct implications on the pricing and affordability of these commodities within the domestic market.
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver - The amendment Notification No. 29/2024-Customs (N.T.) updates the tariff values for commodities such as Crude Palm Oil, RBD Palm Oil, Crude Palmolein, and others, as well as precious metals like gold and silver. For example, the new tariff value for Crude Palm Oil is now set at $952 per metric tonne, an increase from the previous value. Such adjustments are crucial for calculating customs duties and have direct implications on the pricing and affordability of these commodities within the domestic market.
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