Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver
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Tariff value fixation updated, establishing import valuation benchmarks for edible oils, metals and agricultural commodities.
The Central Board of Indirect Taxes & Customs, relying on sub section (2) of section 14 of the Customs Act, 1962, amends the principal notification by substituting TABLE 1, TABLE 2 and TABLE 3 to fix US dollar denominated tariff values for specified imports, including edible oils, brass scrap, poppy seeds, areca nut, and per unit benchmarks for gold and silver, and by stating scope and exclusions applicable to those precious metal entries.