https://www.taxtmi.com/news?id=4547 Approval was given to defreeze and re notify tariff values for specified palm and soybean edible oils so that notified values are aligned with prevailing international prices. Tariff values are fixed under Section 14(2) of the Customs Act, 1962 and notified fortnightly. The previous freeze since 2006 caused divergence from internationally computed landed prices, adversely affecting import duty revenue and the competitiveness of the domestic refining industry; aligning values with international prices is intended to redress those effects. en-us Thu, 17 Jan 2013 15:43:16 +0530 Thu, 17 Jan 2013 15:43:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4547 Approval was given to defreeze and re notify tariff values for specified palm and soybean edible oils so that notified values are aligned with prevailing international prices. Tariff values are fixed under Section 14(2) of the Customs Act, 1962 and notified fortnightly. The previous freeze since 2006 caused divergence from internationally computed landed prices, adversely affecting import duty revenue and the competitiveness of the domestic refining industry; aligning values with international prices is intended to redress those effects. News - Thu, 17 Jan 2013 15:43:16 +0530 https://www.taxtmi.com/news?id=4547