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<h1>India Revises Tariff Values for Palm Oil, Metals, and More Under Customs Act, 1962 via Notification No. 16/2016.</h1> The Government of India, through the Central Board of Excise and Customs, has issued Notification No. 16/2016, amending previous tariff values for certain goods under the Customs Act, 1962. The revised tariff values are set for various commodities, including crude palm oil, RBD palm oil, crude palmolein, RBD palmolein, crude soybean oil, brass scrap, poppy seeds, gold, silver, and areca nuts. The notification specifies the tariff values in US dollars per metric tonne or per unit for each item, reflecting changes from earlier notifications. This amendment is part of ongoing updates to ensure current and accurate tariff values for imported goods.