Tariff value fixation updates substitute tariff tables, setting revised commodity valuation for customs assessment and import duty calculation. Amendment replaces TABLE-1 to fix tariff values per metric tonne for listed commodities including edible oils, brass scrap and poppy seeds, and replaces TABLE-2 to prescribe unit tariff values for gold and silver where specified notification benefits are availed, for customs valuation and assessment purposes under the statutory authority of the Customs Act.
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Provisions expressly mentioned in the judgment/order text.
Tariff value fixation updates substitute tariff tables, setting revised commodity valuation for customs assessment and import duty calculation.
Amendment replaces TABLE-1 to fix tariff values per metric tonne for listed commodities including edible oils, brass scrap and poppy seeds, and replaces TABLE-2 to prescribe unit tariff values for gold and silver where specified notification benefits are availed, for customs valuation and assessment purposes under the statutory authority of the Customs Act.
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