Fixation of tariff values updates import valuation for listed commodities, affecting customs duty calculation and compliance. The Central Board of Excise & Customs amends Notification No. 36/2001-Customs (N.T.) by substituting TABLE-1, TABLE-2 and TABLE-3 with updated tariff values for specified goods, listing commodity-specific tariff values in US dollars per metric tonne or per unit for edible oils, brass scrap, poppy seeds, areca nuts, and gold and silver where certain notification benefits are availed, to be used for import valuation and customs purposes.
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Fixation of tariff values updates import valuation for listed commodities, affecting customs duty calculation and compliance.
The Central Board of Excise & Customs amends Notification No. 36/2001-Customs (N.T.) by substituting TABLE-1, TABLE-2 and TABLE-3 with updated tariff values for specified goods, listing commodity-specific tariff values in US dollars per metric tonne or per unit for edible oils, brass scrap, poppy seeds, areca nuts, and gold and silver where certain notification benefits are availed, to be used for import valuation and customs purposes.
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