Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg - 126/2016 - Customs - Non Tariff
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Fixation of tariff value: notification sets import valuation benchmarks for edible oils, metals and agricultural commodities. Amendment to the customs notification exercises statutory power to substitute three tables establishing fixed tariff values: TABLE 1 fixes US$ per metric tonne values for specified edible oils, brass scrap, poppy seeds and areca nut; TABLE 2 fixes unit values for gold and silver where specified notification benefits apply; TABLE 3 fixes the tariff value for areca nuts. The substituted tables list tariff headings, descriptions and corresponding tariff values to be used for import valuation and customs assessment.
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Provisions expressly mentioned in the judgment/order text.
Fixation of tariff value: notification sets import valuation benchmarks for edible oils, metals and agricultural commodities.
Amendment to the customs notification exercises statutory power to substitute three tables establishing fixed tariff values: TABLE 1 fixes US$ per metric tonne values for specified edible oils, brass scrap, poppy seeds and areca nut; TABLE 2 fixes unit values for gold and silver where specified notification benefits apply; TABLE 3 fixes the tariff value for areca nuts. The substituted tables list tariff headings, descriptions and corresponding tariff values to be used for import valuation and customs assessment.
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