Tariff value reduction on edible oil: notification substitutes revised tariff-value table altering import valuation references. The Board, under Section 14(2) of the Customs Act, 1962, substitutes the existing tariff-value Table in notification No.36/2001-Cus (N.T.) with a revised Table that reduces declared tariff values for specified edible oils (crude and refined palm oils, palmolein categories, crude soybean oil) and updates the tariff value for brass scrap, making the new values the operative schedule for customs valuation and assessment.
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Tariff value reduction on edible oil: notification substitutes revised tariff-value table altering import valuation references.
The Board, under Section 14(2) of the Customs Act, 1962, substitutes the existing tariff-value Table in notification No.36/2001-Cus (N.T.) with a revised Table that reduces declared tariff values for specified edible oils (crude and refined palm oils, palmolein categories, crude soybean oil) and updates the tariff value for brass scrap, making the new values the operative schedule for customs valuation and assessment.
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