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<h1>Tariff value revision sets official customs valuation benchmarks for specified imported commodities, governing import assessment and compliance.</h1> The Central Board of Excise & Customs, exercising Customs Act authority, substitutes TABLE-1, TABLE-2 and TABLE-3 of the existing notification to set commodity-specific tariff values for listed imports. The tables specify US dollar tariff benchmarks for palm oils, palmolein, crude soyabean oil, brass scrap, poppy seeds, areca nuts and precious metals; most values remain unchanged and the amendment governs customs valuation and import compliance for the enumerated tariff classifications.
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