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of <h1>India Revises Tariff Values for Oils and Brass Scrap under Customs Act Section 14(2) to Reflect Market Changes</h1> The Government of India has issued Notification No. 7/2006-Customs (N.T.) on January 31, 2006, amending Notification No. 36/2001-Cus (N.T.) dated August 3, 2001. This amendment, under the authority of Section 14(2) of the Customs Act, 1962, revises the tariff values for specific goods. The new tariff values per metric tonne are set for various oils and brass scrap, including crude palm oil at $412, RBD palm oil at $427, and crude soybean oil at $484, among others. The amendment aims to update the tariff values to reflect current market conditions.
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