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of <h1>India Updates Tariff Values for Edible Oils, Metals, and More Under Customs Act 1962, Effective Immediately.</h1> The Government of India, through the Central Board of Indirect Taxes and Customs, issued Notification No. 92/2019 on December 31, 2019, amending the tariff values for specific goods under the Customs Act, 1962. The revised tariff values are set for various commodities including edible oils, brass scrap, poppy seeds, areca nuts, gold, and silver. For instance, the tariff value for crude palm oil is set at $745 per metric tonne, while gold is valued at $487 per 10 grams. The notification updates previous values and is effective immediately as per the specified tables.
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