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          Tariff value: statutory reference prices used to calculate ad valorem customs duties for specified imported goods. Tariff values are statutory reference prices the Board may determine to serve as the basis for calculating ad valorem duties on specified classes of imported or exported goods; when fixed they must be notified in the official gazette and are set with regard to prevailing value trends for the goods or like goods.

          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.

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          <h1>Tariff value: statutory reference prices used to calculate ad valorem customs duties for specified imported goods.</h1> Tariff values are statutory reference prices the Board may determine to serve as the basis for calculating ad valorem duties on specified classes of imported or exported goods; when fixed they must be notified in the official gazette and are set with regard to prevailing value trends for the goods or like goods.

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