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        Customs

        The notification amends tariff values for various goods,...

        Customs Board Updates Tariff Values for Edible Oils, Metals, and Nuts Under Section 14(2) of Customs Act

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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.
                                The notification amends tariff values for various goods, including edible oils, brass scrap, areca nuts, gold, and silver, effective 16 May 2025. The Central Board of Indirect Taxes & Customs exercises powers under section 14(2) of the Customs Act, 1962 to substitute Tables 1, 2, and 3 with updated tariff values. Key modifications include setting tariff values for crude palm oil at $987 per metric ton, brass scrap at $5,473 per metric ton, gold at $1,028 per 10 grams, silver at $1,065 per kilogram, and areca nuts at $6,970 per metric ton, maintaining consistent regulatory framework for customs valuation.
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