Customs Act Update: New Tariff Values for Crude Oils, Brass Scrap, and Poppy Seeds Announced.

The Central Board of Excise and Customs has amended the tariff values for various commodities under the Customs Act, 1962. Adjustments have been made to the tariff values for crude palm oil, RBD palm oil, crude palmolein, RBD palmolein, crude soybean oil, brass scrap, and poppy seeds. The new tariff values are set per metric tonne, with crude palm oil at $914, RBD palm oil at $950, and crude soybean oil at $1023. Gold's tariff value is set at $414 per 10 grams, while silver remains unchanged at $672 per kilogram. The tariff for areca nuts also remains unchanged.