Tariff value fixation for edible oils, metals and areca nut updated, establishing new customs valuation rates effective mid-September. The Central Board of Indirect Taxes & Customs, invoking section 14(2) of the Customs Act, 1962, amends the principal customs notification by substituting TABLE-1, TABLE-2 and TABLE-3 to prescribe tariff values in US dollars for specified edible oils, brass scrap, areca nut, and defined forms of gold and silver, and states that the substituted tables take effect from the sixteenth day of September, 2021.
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Provisions expressly mentioned in the judgment/order text.
Tariff value fixation for edible oils, metals and areca nut updated, establishing new customs valuation rates effective mid-September.
The Central Board of Indirect Taxes & Customs, invoking section 14(2) of the Customs Act, 1962, amends the principal customs notification by substituting TABLE-1, TABLE-2 and TABLE-3 to prescribe tariff values in US dollars for specified edible oils, brass scrap, areca nut, and defined forms of gold and silver, and states that the substituted tables take effect from the sixteenth day of September, 2021.
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