Fixation of tariff values updates prescribed customs valuation benchmarks for specified imported commodities under statutory authority. The Board, invoking section 14(2) of the Customs Act, substitutes TABLE-1 and TABLE-2 in Notification No. 36/2001-Customs (N.T.) to prescribe revised tariff values: per metric tonne values for specified edible oils, oil fractions, crude soybean oil, brass scrap and poppy seeds in TABLE-1, and unit values for gold and silver where benefit of specified notification entries is availed in TABLE-2.
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Provisions expressly mentioned in the judgment/order text.
Fixation of tariff values updates prescribed customs valuation benchmarks for specified imported commodities under statutory authority.
The Board, invoking section 14(2) of the Customs Act, substitutes TABLE-1 and TABLE-2 in Notification No. 36/2001-Customs (N.T.) to prescribe revised tariff values: per metric tonne values for specified edible oils, oil fractions, crude soybean oil, brass scrap and poppy seeds in TABLE-1, and unit values for gold and silver where benefit of specified notification entries is availed in TABLE-2.
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