Tariff value fixation: Government updates prescribed tariff values for specified imported commodities under customs valuation framework. The Central Board of Excise & Customs, invoking sub-section (2) of section 14 of the Customs Act, 1962, substitutes TABLE 1, TABLE 2 and TABLE 3 of Notification No. 36/2001 Customs (N.T.) with new schedules prescribing tariff values in US dollars for specified imported commodities (including edible oils, brass scrap, poppy seeds, areca nuts) and per unit valuations for gold and silver when particular notification benefits are availed.
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Tariff value fixation: Government updates prescribed tariff values for specified imported commodities under customs valuation framework.
The Central Board of Excise & Customs, invoking sub-section (2) of section 14 of the Customs Act, 1962, substitutes TABLE 1, TABLE 2 and TABLE 3 of Notification No. 36/2001 Customs (N.T.) with new schedules prescribing tariff values in US dollars for specified imported commodities (including edible oils, brass scrap, poppy seeds, areca nuts) and per unit valuations for gold and silver when particular notification benefits are availed.
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