Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver - 107/2020 - Customs - Non Tariff
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Tariff value fixation fixes values for edible oils, brass scrap, poppy seeds, areca nut, gold and silver. The Central Board of Indirect Taxes & Customs, invoking powers under sub section (2) of section 14 of the Customs Act, substitutes TABLE 1, TABLE 2 and TABLE 3 of the principal tariff valuation notification to fix specified tariff values. The substituted tables set per metric tonne values for edible oils, brass scrap, poppy seeds and areca nuts, and unit values for gold and silver in defined forms, thereby establishing updated benchmarks for customs valuation of those imports.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tariff value fixation fixes values for edible oils, brass scrap, poppy seeds, areca nut, gold and silver.
The Central Board of Indirect Taxes & Customs, invoking powers under sub section (2) of section 14 of the Customs Act, substitutes TABLE 1, TABLE 2 and TABLE 3 of the principal tariff valuation notification to fix specified tariff values. The substituted tables set per metric tonne values for edible oils, brass scrap, poppy seeds and areca nuts, and unit values for gold and silver in defined forms, thereby establishing updated benchmarks for customs valuation of those imports.
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