Reasonable Cause for Late Return: penalty under section 271(1)(c) unsustainable where disclosure, audit filing and voluntary offer showed no concealme...
The notification substitutes TABLE 1, TABLE 2 and TABLE 3 of the principal customs tariff value notification to fix specified tariff values for listed commodities. It prescribes tariff values in US dollars per metric tonne for edible oils (crude palm oil, RBD palm oil, palmolein, crude soybean oil), brass scrap, and areca nut, and in US dollars per unit for precious metals (gold and silver, with separate entries for bars, coins and specified forms). The substituted tables take effect from 6 February 2026, thereby determining the notified tariff valuation applicable to imports of the listed goods.
The notification substitutes TABLE 1, TABLE 2 and TABLE 3 of the principal customs tariff value notification to fix specified tariff values for listed commodities. It prescribes tariff values in US dollars per metric tonne for edible oils (crude palm oil, RBD palm oil, palmolein, crude soybean oil), brass scrap, and areca nut, and in US dollars per unit for precious metals (gold and silver, with separate entries for bars, coins and specified forms). The substituted tables take effect from 6 February 2026, thereby determining the notified tariff valuation applicable to imports of the listed goods.
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