Fixation of tariff values: notification updates tariff valuation benchmarks for specified imported goods under customs law. The Central Board of Excise & Customs, under section 14(2) of the Customs Act, substitutes new TABLE 1, TABLE 2 and TABLE 3 in Notification No. 36/2001 Customs (N.T.) to prescribe revised tariff values in US dollars for specified imported goods. The substituted tables set tariff values per metric tonne for listed edible oils, brass scrap, poppy seeds and areca nuts, and specify tariff values for gold and silver when certain notification benefits are availed, thereby fixing valuation benchmarks for customs assessment.
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Fixation of tariff values: notification updates tariff valuation benchmarks for specified imported goods under customs law.
The Central Board of Excise & Customs, under section 14(2) of the Customs Act, substitutes new TABLE 1, TABLE 2 and TABLE 3 in Notification No. 36/2001 Customs (N.T.) to prescribe revised tariff values in US dollars for specified imported goods. The substituted tables set tariff values per metric tonne for listed edible oils, brass scrap, poppy seeds and areca nuts, and specify tariff values for gold and silver when certain notification benefits are availed, thereby fixing valuation benchmarks for customs assessment.
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