Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver - 148/2016 - Customs - Non Tariff
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Fixation of tariff values: Customs notification sets declared values for edible oils, metals, and seeds affecting import valuation. The Central Board of Excise & Customs, under section 14(2) of the Customs Act, substitutes Tables 1-3 in the principal notification to fix tariff values for specified imported goods: Table 1 sets per-metric-tonne values for edible oils, brass scrap and poppy seeds; Table 2 sets unit-based values for gold and silver when certain notification benefits are availed; and Table 3 sets the per-metric-tonne value for areca nuts, making these declared values operative for customs valuation.
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Provisions expressly mentioned in the judgment/order text.
Fixation of tariff values: Customs notification sets declared values for edible oils, metals, and seeds affecting import valuation.
The Central Board of Excise & Customs, under section 14(2) of the Customs Act, substitutes Tables 1-3 in the principal notification to fix tariff values for specified imported goods: Table 1 sets per-metric-tonne values for edible oils, brass scrap and poppy seeds; Table 2 sets unit-based values for gold and silver when certain notification benefits are availed; and Table 3 sets the per-metric-tonne value for areca nuts, making these declared values operative for customs valuation.
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