Tariff value fixation for specified imported commodities updated, substituting valuation tables and guiding customs assessment procedures. The Central Board of Excise & Customs, under sub section (2) of section 14 of the Customs Act, 1962, substitutes TABLE 1 and TABLE 2 of Notification No. 36/2001 Customs (N.T.) with updated tariff values: TABLE 1 prescribing per metric tonne values for specified edible oils, brass scrap and poppy seeds; TABLE 2 prescribing US dollar values for gold and silver in forms where notified benefits are availed, thereby updating the valuation basis for customs assessment of those goods.
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Tariff value fixation for specified imported commodities updated, substituting valuation tables and guiding customs assessment procedures.
The Central Board of Excise & Customs, under sub section (2) of section 14 of the Customs Act, 1962, substitutes TABLE 1 and TABLE 2 of Notification No. 36/2001 Customs (N.T.) with updated tariff values: TABLE 1 prescribing per metric tonne values for specified edible oils, brass scrap and poppy seeds; TABLE 2 prescribing US dollar values for gold and silver in forms where notified benefits are availed, thereby updating the valuation basis for customs assessment of those goods.
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