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<h1>India Revises Tariff Values for Commodities Including Palm Oil, Soybean Oil, Gold, and Silver Under Customs Act 1962.</h1> The Government of India, through the Central Board of Excise and Customs, has issued Notification No. 120/2016-CUSTOMS (N.T.) dated 15th September 2016, revising the tariff values for certain commodities under the Customs Act, 1962. The revised tariff values are specified for various goods including crude palm oil, RBD palm oil, crude palmolein, RBD palmolein, crude soybean oil, brass scrap, poppy seeds, gold, silver, and areca nuts. These amendments replace the previous tables in Notification No. 36/2001-Customs (N.T.) and are intended to update the tariff values for these commodities.