Tariff value fixation updates for palm products, soyabean oil and brass scrap altering import valuation rules under Customs. The Board, under section 14(2) of the Customs Act, 1962, substitutes the Table in Notification No.36/2001-Cus. (NT) to fix US$ per metric tonne tariff values for specified goods. The revised table lists tariff values for crude palm oil, RBD palm oil, other palm oil, crude palmolein, RBD palmolein, other palmolein, crude soyabean oil (no change) and brass scrap (all grades; no change), thereby updating benchmark import valuation for customs purposes.
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Tariff value fixation updates for palm products, soyabean oil and brass scrap altering import valuation rules under Customs.
The Board, under section 14(2) of the Customs Act, 1962, substitutes the Table in Notification No.36/2001-Cus. (NT) to fix US$ per metric tonne tariff values for specified goods. The revised table lists tariff values for crude palm oil, RBD palm oil, other palm oil, crude palmolein, RBD palmolein, other palmolein, crude soyabean oil (no change) and brass scrap (all grades; no change), thereby updating benchmark import valuation for customs purposes.
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