Tariff value fixation: new customs tariff values for specified edible oils, metals and areca nut come into effect. The Central Board of Indirect Taxes and Customs, under section 14(2) of the Customs Act, 1962, substitutes TABLE-1, TABLE-2 and TABLE-3 in the principal tariff-value notification to fix tariff values for specified imported goods: TABLE-1 for edible oils and brass scrap per metric tonne; TABLE-2 for gold and silver in specified forms with qualifying explanations; and TABLE-3 preserving the tariff value for areca nut. The amendment applies where notification benefits are availed and takes effect from the stated date.
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Tariff value fixation: new customs tariff values for specified edible oils, metals and areca nut come into effect.
The Central Board of Indirect Taxes and Customs, under section 14(2) of the Customs Act, 1962, substitutes TABLE-1, TABLE-2 and TABLE-3 in the principal tariff-value notification to fix tariff values for specified imported goods: TABLE-1 for edible oils and brass scrap per metric tonne; TABLE-2 for gold and silver in specified forms with qualifying explanations; and TABLE-3 preserving the tariff value for areca nut. The amendment applies where notification benefits are availed and takes effect from the stated date.
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