Fixation of tariff value establishes regulatory benchmark values for imports, affecting customs assessment and valuation procedures. The Central Board of Indirect Taxes & Customs amends the principal non-tariff notification by substituting TABLE-1, TABLE-2 and TABLE-3 to fix tariff values in US dollars for specified imported goods, including various edible oils, brass scrap, defined forms of gold and silver, and areca nuts, to be applied for customs assessment and related non-tariff purposes; the substitution operates as the regulatory valuation schedule and takes effect on the stated operative date.
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Fixation of tariff value establishes regulatory benchmark values for imports, affecting customs assessment and valuation procedures.
The Central Board of Indirect Taxes & Customs amends the principal non-tariff notification by substituting TABLE-1, TABLE-2 and TABLE-3 to fix tariff values in US dollars for specified imported goods, including various edible oils, brass scrap, defined forms of gold and silver, and areca nuts, to be applied for customs assessment and related non-tariff purposes; the substitution operates as the regulatory valuation schedule and takes effect on the stated operative date.
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