Tariff value fixation for edible oils, gold, silver, brass scrap and areca nut set, altering import valuation consequences. The Central Board of Indirect Taxes & Customs, under section 14(2) of the Customs Act, 1962, has amended Notification No. 36/2001-Customs (N.T.) by substituting TABLE-1, TABLE-2 and TABLE-3 to fix tariff values for specified imports - including edible oils, brass scrap, areca nut, and specified forms of gold and silver - for application in customs valuation. The amendment comes into force on 12th November, 2022.
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Tariff value fixation for edible oils, gold, silver, brass scrap and areca nut set, altering import valuation consequences.
The Central Board of Indirect Taxes & Customs, under section 14(2) of the Customs Act, 1962, has amended Notification No. 36/2001-Customs (N.T.) by substituting TABLE-1, TABLE-2 and TABLE-3 to fix tariff values for specified imports - including edible oils, brass scrap, areca nut, and specified forms of gold and silver - for application in customs valuation. The amendment comes into force on 12th November, 2022.
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