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of <h1>India Revises Tariff Values for Key Commodities Including Gold, Silver, and Oils under Customs Act, 1962.</h1> The Government of India, through the Central Board of Indirect Taxes and Customs, has issued Notification No. 48/2020-CUSTOMS (N.T.) dated 29th May 2020, revising the tariff values for various commodities under the Customs Act, 1962. The updated tariff values are specified for 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 changes replace previous tables in the notification dated 3rd August 2001 and are aimed at regulating the import duties on these commodities.
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