Customs Updates Tariff Values for Edible Oils, Metals, and Nuts Effective July 16, 2025 Under Customs Act

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Full Text of the Document

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....The customs authority amended the tariff values for specified goods including edible oils, brass scrap, areca nuts, gold, and silver, effective from July 16, 2025. The revised tariff values are detailed in substituted tables specifying rates per metric tonne or per unit weight for various categories such as crude palm oil, palmolein, soybean oil, brass scrap, areca nuts, and forms of gold and silver eligible for certain customs benefits. The notification replaces earlier tariff values set in the 2001 customs notification and its subsequent amendments, reflecting updated valuation for customs duty purposes under the Customs Act, 1962.....