Tariff value fixation: substitution of tariff tables fixing valuation benchmarks for specified imported commodities under customs rules. Amendment under section 14(2) of the Customs Act, 1962 substitutes TABLE-1, TABLE-2 and TABLE-3 of Notification No. 36/2001-Customs (N.T.) to fix tariff values in US dollars for specified imported commodities. The substituted Tables set commodity-specific tariff values per metric tonne or per unit for palm oils and palmoleins, crude soyabean oil, brass scrap, poppy seeds, areca nuts, and for gold and silver where certain notification benefits are availed, thereby updating valuation benchmarks for customs duty assessment.
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Provisions expressly mentioned in the judgment/order text.
Tariff value fixation: substitution of tariff tables fixing valuation benchmarks for specified imported commodities under customs rules.
Amendment under section 14(2) of the Customs Act, 1962 substitutes TABLE-1, TABLE-2 and TABLE-3 of Notification No. 36/2001-Customs (N.T.) to fix tariff values in US dollars for specified imported commodities. The substituted Tables set commodity-specific tariff values per metric tonne or per unit for palm oils and palmoleins, crude soyabean oil, brass scrap, poppy seeds, areca nuts, and for gold and silver where certain notification benefits are availed, thereby updating valuation benchmarks for customs duty assessment.
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