Tariff value fixation updated for specified edible oils, metals and areca nut, setting new customs valuation effective May. The Central Board of Indirect Taxes & Customs, under sub-section (2) of section 14 of the Customs Act, 1962, substitutes TABLE-1, TABLE-2 and TABLE-3 in the principal non-tariff notification to fix expressed tariff values in US dollars for specified imported goods - including edible oils, brass scrap, areca nut, and specified forms of gold and silver - and provides scope and limited explanations for certain entries. The notification is effective from 1st May, 2025.
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Tariff value fixation updated for specified edible oils, metals and areca nut, setting new customs valuation effective May.
The Central Board of Indirect Taxes & Customs, under sub-section (2) of section 14 of the Customs Act, 1962, substitutes TABLE-1, TABLE-2 and TABLE-3 in the principal non-tariff notification to fix expressed tariff values in US dollars for specified imported goods - including edible oils, brass scrap, areca nut, and specified forms of gold and silver - and provides scope and limited explanations for certain entries. The notification is effective from 1st May, 2025.
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