Tariff value fixation updated for imported commodities, revising US dollar baseline values for oils, metals and areca nut. The notification amends the customs tariff schedule by substituting three tables to fix tariff values in US dollars for specified imported goods, including edible oils (various palm and soybean oil entries), brass scrap, areca nuts, and defined forms of gold and silver, and provides explanatory qualifications for certain precious metal entries; the amendment is effected under section 14(2) of the Customs Act, 1962 and specifies an effective date for the new values.
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Tariff value fixation updated for imported commodities, revising US dollar baseline values for oils, metals and areca nut.
The notification amends the customs tariff schedule by substituting three tables to fix tariff values in US dollars for specified imported goods, including edible oils (various palm and soybean oil entries), brass scrap, areca nuts, and defined forms of gold and silver, and provides explanatory qualifications for certain precious metal entries; the amendment is effected under section 14(2) of the Customs Act, 1962 and specifies an effective date for the new values.
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