Fixation of tariff value: notification updates import valuation benchmarks for specified edible oils and brass scrap under Customs Act powers. The Board, invoking sub-section (2) of Section 14 of the Customs Act, 1962, substitutes the Table in the principal notification by Notification No.109/2005-Customs (N.T.), thereby setting per-metric-tonne tariff values for specified edible oils and brass scrap as the fixed import valuation benchmarks.
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Fixation of tariff value: notification updates import valuation benchmarks for specified edible oils and brass scrap under Customs Act powers.
The Board, invoking sub-section (2) of Section 14 of the Customs Act, 1962, substitutes the Table in the principal notification by Notification No.109/2005-Customs (N.T.), thereby setting per-metric-tonne tariff values for specified edible oils and brass scrap as the fixed import valuation benchmarks.
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