FOB is Incoterm reflecting exporter's transaction value; declared shipping bill value not automatically confiscable under s.113(i), s.125, ss.114(i) a...
The government amended the customs tariff notification to fix tariff values for specified imports, replacing prior tables with new rates: crude palm oil $1,108/MT, RBD palm oil $1,132/MT, various palmoleins $1,141-1,144/MT, crude soybean oil $1,181/MT, brass scrap $5,690/MT, areca nut $7,463/MT, gold $1,231 per 10 g and silver $1,515/kg (with detailed entries for forms and exclusions). The amendment substitutes TABLE-1 to TABLE-3 and takes effect from 1 October 2025.
The government amended the customs tariff notification to fix tariff values for specified imports, replacing prior tables with new rates: crude palm oil $1,108/MT, RBD palm oil $1,132/MT, various palmoleins $1,141-1,144/MT, crude soybean oil $1,181/MT, brass scrap $5,690/MT, areca nut $7,463/MT, gold $1,231 per 10 g and silver $1,515/kg (with detailed entries for forms and exclusions). The amendment substitutes TABLE-1 to TABLE-3 and takes effect from 1 October 2025.
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