Tariff value fixation sets updated customs values for edible oils, metals and areca nut, affecting import valuation procedures. The Central Board of Indirect Taxes & Customs, under section 14(2) of the Customs Act, substitutes Tables 1-3 of Notification No. 36/2001-Customs (N.T.) to fix specified tariff values for various edible oils, brass scrap, areca nut, and defined forms of gold and silver. The amended tables list US dollar tariff values per metric tonne or per unit and include explanatory qualifiers for the scope and exclusions of precious metal entries. The notification takes effect from the stated commencement date and replaces prior tariff values in the principal notification.
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Tariff value fixation sets updated customs values for edible oils, metals and areca nut, affecting import valuation procedures.
The Central Board of Indirect Taxes & Customs, under section 14(2) of the Customs Act, substitutes Tables 1-3 of Notification No. 36/2001-Customs (N.T.) to fix specified tariff values for various edible oils, brass scrap, areca nut, and defined forms of gold and silver. The amended tables list US dollar tariff values per metric tonne or per unit and include explanatory qualifiers for the scope and exclusions of precious metal entries. The notification takes effect from the stated commencement date and replaces prior tariff values in the principal notification.
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