Tariff value fixation updated: benchmark import valuation established for specified commodities to guide customs assessment. 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 to fix tariff values. The new tables prescribe US dollar tariff values per metric tonne for specified edible oils, brass scrap, poppy seeds and areca nuts, and per unit values for gold and silver where specified notification benefits apply, to be used as benchmarks for customs valuation at import clearance.
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Tariff value fixation updated: benchmark import valuation established for specified commodities to guide customs assessment.
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 to fix tariff values. The new tables prescribe US dollar tariff values per metric tonne for specified edible oils, brass scrap, poppy seeds and areca nuts, and per unit values for gold and silver where specified notification benefits apply, to be used as benchmarks for customs valuation at import clearance.
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