Tariff value fixation updated for specified agricultural and metal commodities, altering customs valuation for import assessments. The Central Board of Excise & Customs, under section 14(2) of the Customs Act, 1962, amends Notification No. 36/2001-Customs (N.T.) by substituting TABLE-1, TABLE-2 and TABLE-3 with updated tariff value tables. The new tables set US dollar tariff values for specified imported goods-including palm oil and palmolein variants, crude soya bean oil, brass scrap, poppy seeds, gold and silver when certain notification benefits are availed, and areca nuts-serving as the benchmark for customs valuation and import assessment.
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Tariff value fixation updated for specified agricultural and metal commodities, altering customs valuation for import assessments.
The Central Board of Excise & Customs, under section 14(2) of the Customs Act, 1962, amends Notification No. 36/2001-Customs (N.T.) by substituting TABLE-1, TABLE-2 and TABLE-3 with updated tariff value tables. The new tables set US dollar tariff values for specified imported goods-including palm oil and palmolein variants, crude soya bean oil, brass scrap, poppy seeds, gold and silver when certain notification benefits are availed, and areca nuts-serving as the benchmark for customs valuation and import assessment.
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