Tariff value substitution fixes administrative import valuation rates for specified edible oils and brass scrap under Customs authority. Amends the existing Customs notification under sub section (2) of Section 14 of the Customs Act, 1962 by substituting the Table that fixes Tariff value entries in US dollars per metric tonne for specified goods. The new Table lists edible oils (including crude palm oil, RBD palm oil, palmolein variants, and crude soyabean oil) and brass scrap (all grades) as affected items and records their administrative tariff values for import valuation purposes.
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Tariff value substitution fixes administrative import valuation rates for specified edible oils and brass scrap under Customs authority.
Amends the existing Customs notification under sub section (2) of Section 14 of the Customs Act, 1962 by substituting the Table that fixes Tariff value entries in US dollars per metric tonne for specified goods. The new Table lists edible oils (including crude palm oil, RBD palm oil, palmolein variants, and crude soyabean oil) and brass scrap (all grades) as affected items and records their administrative tariff values for import valuation purposes.
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