Tariff Notification in respect of Fixation of Tariff Value of Edible Oil, Brass, Poppy Seed, Areca Nut, Gold and Sliver - 23/2016 - Customs - Non Tariff

Tariff value fixation for specified imports maintains declared reference values, affecting customs valuation and import assessment.

The Central Board of Excise & Customs, under section 14(2) of the Customs Act, substitutes TABLE 1, TABLE 2 and TABLE 3 of the principal notification to fix tariff reference values in US dollars for specified imports. The amendment lists edible oils (various palm and soybean oils), brass scrap, poppy seeds and areca nuts with unchanged per metric tonne values, and records per unit tariff values for gold and silver where concessional entries are availed, thereby updating the statutory schedule for customs valuation and import assessment.