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<h1>Customs Updates Tariff Values for Edible Oils, Brass Scrap, Gold, Silver from Jan 1, 2025 Under Customs Act Section</h1> The customs authority has amended the tariff values for specified goods including edible oils, brass scrap, areca nut, gold, and silver, effective from January 1, 2025. Revised tariff values are set for various types of palm oil, crude soybean oil, brass scrap, and areca nuts, with no change to the areca nut value. Gold and silver tariff values are specified per unit weight, with distinctions based on form and purity, and certain exclusions apply. These amendments replace previous tables in the 2001 notification governing tariff values, reflecting updated customs valuation standards under the Customs Act, 1962.