Tariff values for imported edible oils, precious metals and areca nuts fixed for customs valuation purposes. Tariff values are fixed for specified imported commodities under the Customs Act, 1962, including edible oils and related products, brass scrap, gold, silver, and areca nuts. The notification prescribes the tariff values for these goods, with edible oils and brass scrap valued per metric tonne, gold per 10 grams, silver per kilogram, and areca nuts at a fixed tariff value. It also states that exchange conversion is to be made using the notified rate applicable on the date of presentation of the bill of entry.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tariff values for imported edible oils, precious metals and areca nuts fixed for customs valuation purposes.
Tariff values are fixed for specified imported commodities under the Customs Act, 1962, including edible oils and related products, brass scrap, gold, silver, and areca nuts. The notification prescribes the tariff values for these goods, with edible oils and brass scrap valued per metric tonne, gold per 10 grams, silver per kilogram, and areca nuts at a fixed tariff value. It also states that exchange conversion is to be made using the notified rate applicable on the date of presentation of the bill of entry.
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