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of <h1>Revised Tariff Values Announced for Palm Oil, Gold, Silver, and More Effective January 16, 2025, under Customs Act 1962.</h1> The Central Board of Indirect Taxes & Customs has revised the tariff values for various goods effective January 16, 2025. The updated values are specified for crude and refined palm oil, crude soybean oil, brass scrap, gold, silver, and areca nuts. For instance, crude palm oil is set at $1137 per metric tonne, while gold is valued at $858 per 10 grams. These changes are made under the authority of the Customs Act, 1962, amending a previous notification from August 2001. The notification ensures updated tariff values align with current market conditions.
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