Tariff value fixation for specified edible oils, metals and areca nut replaces prior valuation tables and takes effect end March. Under section 14(2) of the Customs Act, the Central Board of Indirect Taxes & Customs substitutes TABLE 1, TABLE 2 and TABLE 3 of Notification No. 36/2001 Customs (N.T.), prescribing benchmark tariff values for specified imported goods including edible oils, brass scrap, defined forms of gold and silver with explanatory scope limits, and areca nuts. The revised tables govern customs valuation for the listed tariff items and the notification takes effect at the end of March 2024.
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Provisions expressly mentioned in the judgment/order text.
Tariff value fixation for specified edible oils, metals and areca nut replaces prior valuation tables and takes effect end March.
Under section 14(2) of the Customs Act, the Central Board of Indirect Taxes & Customs substitutes TABLE 1, TABLE 2 and TABLE 3 of Notification No. 36/2001 Customs (N.T.), prescribing benchmark tariff values for specified imported goods including edible oils, brass scrap, defined forms of gold and silver with explanatory scope limits, and areca nuts. The revised tables govern customs valuation for the listed tariff items and the notification takes effect at the end of March 2024.
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