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Tariff value fixation updates valuation rules for edible oils, brass scrap, areca nut, gold and silver, affecting customs import valuation. The Central Board of Indirect Taxes & Customs, exercising powers under sub-section (2) of section 14 of the Customs Act, 1962, substitutes TABLE-1, TABLE-2 and TABLE-3 of Notification No. 36/2001-Customs (N.T.) to specify US dollar tariff values for listed goods (edible oils, brass scrap, areca nuts) per metric tonne and for specified forms of gold and silver per ten grams or per kilogram, including descriptive qualifications and exclusions; the notification updates the operative valuation schedule and comes into force the day after issuance.
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Tariff value fixation updates valuation rules for edible oils, brass scrap, areca nut, gold and silver, affecting customs import valuation.
The Central Board of Indirect Taxes & Customs, exercising powers under sub-section (2) of section 14 of the Customs Act, 1962, substitutes TABLE-1, TABLE-2 and TABLE-3 of Notification No. 36/2001-Customs (N.T.) to specify US dollar tariff values for listed goods (edible oils, brass scrap, areca nuts) per metric tonne and for specified forms of gold and silver per ten grams or per kilogram, including descriptive qualifications and exclusions; the notification updates the operative valuation schedule and comes into force the day after issuance.
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