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of <h1>India Updates Tariff Values for Commodities: New Rates for Edible Oils, Metals, and More via Notification No. 101/2016-CUSTOMS.</h1> The Government of India, through the Ministry of Finance's Department of Revenue and the Central Board of Excise and Customs, issued Notification No. 101/2016-CUSTOMS (N.T.) on July 15, 2016. This notification amends the previous notification No. 36/2001-Customs (N.T.) to fix tariff values for various commodities including edible oils, brass scrap, poppy seeds, areca nuts, gold, and silver. Specific tariff values are set in US dollars for each item, such as crude palm oil at $653 per metric tonne and gold at $430 per 10 grams. This amendment aims to standardize tariff values for these goods.
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