Updated Customs Tariff Values Revised for Edible Oils, Metals, and Areca Nuts Under Section 14(2) of Customs Act

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....The MoF issued Notification No. 24/2025-Customs (N.T.) amending tariff values for various commodities under Sections 14(2) of Customs Act, 1962. The notification establishes new tariff values for edible oils (palm oil, palmolein, soya bean oil), brass scrap, precious metals (gold and silver), and areca nuts. Specific tariff values are prescribed for different categories and grades of goods, with US dollar per metric ton or per 10 grams as the measurement standard. The amended notification becomes effective from 16th April 2025, providing updated customs valuation guidelines for specified import categories.....