Notification No.103/2020-Customs (NT) dated 29.10.2020 with subject as "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 updates applicable to specified edible oils, metals and agricultural commodities under customs valuation regime.
The Central Board, exercising its statutory power, substitutes TABLE 1, TABLE 2 and TABLE 3 of the principal customs tariff value notification to fix tariff values for specified imports. The amendment prescribes dollar denominated values and units for listed commodities-edible oils (crude and refined palm and soyabean oils, palmolein), brass scrap, poppy seeds, areca nut-and for specified gold and silver entries that reference entitlement under an existing concessional notification, thereby updating the schedule used for customs assessment.