Tariff value fixation updates customs valuation for imported edible oils, metals, areca nut and scrap affecting import assessment. The Central Board of Indirect Taxes and Customs, under section 14(2) of the Customs Act, substitutes TABLE-1, TABLE-2 and TABLE-3 of the principal non-tariff notification to fix tariff values (in US dollars per metric tonne or per unit) for specified imports-including various edible oils, crude soybean oil, brass scrap, areca nuts, and specified classes of gold and silver-thereby prescribing standardised tariff values for customs assessment; the notification takes effect the day after issue.
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Provisions expressly mentioned in the judgment/order text.
Tariff value fixation updates customs valuation for imported edible oils, metals, areca nut and scrap affecting import assessment.
The Central Board of Indirect Taxes and Customs, under section 14(2) of the Customs Act, substitutes TABLE-1, TABLE-2 and TABLE-3 of the principal non-tariff notification to fix tariff values (in US dollars per metric tonne or per unit) for specified imports-including various edible oils, crude soybean oil, brass scrap, areca nuts, and specified classes of gold and silver-thereby prescribing standardised tariff values for customs assessment; the notification takes effect the day after issue.
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