Tariff values fixation for specified commodities updated, substituting prior tables to set customs valuation benchmarks. The Central Board of Excise & Customs, under section 14(2) of the Customs Act, 1962, substitutes TABLE-1, TABLE-2 and TABLE-3 of Notification No. 36/2001 Customs (N.T.) to fix tariff values as benchmarks for customs valuation. The substitution prescribes tariff values for specified commodities including edible oils (crude and refined palm and soybean oils and palmolein), brass scrap, poppy seeds, areca nuts, and specified categories of gold and silver where certain notification benefits are availed.
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Tariff values fixation for specified commodities updated, substituting prior tables to set customs valuation benchmarks.
The Central Board of Excise & Customs, under section 14(2) of the Customs Act, 1962, substitutes TABLE-1, TABLE-2 and TABLE-3 of Notification No. 36/2001 Customs (N.T.) to fix tariff values as benchmarks for customs valuation. The substitution prescribes tariff values for specified commodities including edible oils (crude and refined palm and soybean oils and palmolein), brass scrap, poppy seeds, areca nuts, and specified categories of gold and silver where certain notification benefits are availed.
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