Fixation of tariff values establishes notified customs valuation for specified imported commodities, including edible oils and metals. The Central Board of Excise & Customs has substituted three tariff tables in the principal customs notification under section 14(2) of the Customs Act, 1962, prescribing tariff values for specified imported goods - including edible oils, brass scrap, poppy seeds, areca nuts and unit values for gold and silver where notification benefits are availed - to be used for customs assessment and valuation.
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Fixation of tariff values establishes notified customs valuation for specified imported commodities, including edible oils and metals.
The Central Board of Excise & Customs has substituted three tariff tables in the principal customs notification under section 14(2) of the Customs Act, 1962, prescribing tariff values for specified imported goods - including edible oils, brass scrap, poppy seeds, areca nuts and unit values for gold and silver where notification benefits are availed - to be used for customs assessment and valuation.
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