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        Case ID :
        Customs

        CBIC, exercising powers under Section 14(2) of the Customs Act,...

        CBIC Revises Tariff Values Under Section 14(2) for Edible Oils, Brass Scrap, Gold, Silver and Areca Nuts

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                CBIC, exercising powers under Section 14(2) of the Customs Act, 1962, has revised tariff values for specified imported goods through Notification No. 17/2025-Customs (N.T.) dated March 28, 2025. The notification amends the earlier Notification No. 36/2001-Customs (N.T.) by substituting new tariff values in three tables covering: edible oils (including palm oil variants and soya bean oil), brass scrap, precious metals (gold at US$984 per 10 grams and silver at US$1102 per kilogram), and areca nuts. These revised valuations, which serve as the base for calculating customs duties, will take effect from March 29, 2025.
                                Note: It is a system-generated summary and is for quick reference only.
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