Fixation of tariff values sets customs valuation benchmarks for specified edible oils, metals, and agricultural commodities. The Central Board of Excise & Customs, invoking powers under the Customs Act, substitutes three tables in the principal notification to fix tariff values for specified imported goods. The amendment prescribes US dollar tariff values per metric tonne for selected edible oils, brass scrap, poppy seeds and areca nuts, and unit values for gold and silver tied to specified notification entries, thereby updating the valuation benchmarks applicable under the existing customs notification framework.
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Provisions expressly mentioned in the judgment/order text.
Fixation of tariff values sets customs valuation benchmarks for specified edible oils, metals, and agricultural commodities.
The Central Board of Excise & Customs, invoking powers under the Customs Act, substitutes three tables in the principal notification to fix tariff values for specified imported goods. The amendment prescribes US dollar tariff values per metric tonne for selected edible oils, brass scrap, poppy seeds and areca nuts, and unit values for gold and silver tied to specified notification entries, thereby updating the valuation benchmarks applicable under the existing customs notification framework.
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