Fixation of tariff values sets customs valuation rates for specified edible oils, metals and areca nut effective mid-September. The Central Board of Indirect Taxes & Customs, exercising powers under section 14(2) of the Customs Act, 1962, substitutes TABLE-1, TABLE-2 and TABLE-3 of the principal notification to fix US dollar tariff values: per metric tonne values for specified edible oils and brass scrap, unit values for specified forms of gold and silver, and the retained tariff value for areca nuts. The amended tables apply for customs valuation and come into force on 16th September, 2022.
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Fixation of tariff values sets customs valuation rates for specified edible oils, metals and areca nut effective mid-September.
The Central Board of Indirect Taxes & Customs, exercising powers under section 14(2) of the Customs Act, 1962, substitutes TABLE-1, TABLE-2 and TABLE-3 of the principal notification to fix US dollar tariff values: per metric tonne values for specified edible oils and brass scrap, unit values for specified forms of gold and silver, and the retained tariff value for areca nuts. The amended tables apply for customs valuation and come into force on 16th September, 2022.
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