New Tariff Values Set for Oils, Metals, and Seeds Under Customs Notification No. 54/2020-CUSTOMS (N.T.

The Central Board of Indirect Taxes & Customs has issued Notification No. 54/2020-CUSTOMS (N.T.), dated June 30, 2020, under the Customs Act, 1962. This notification amends the previous notification No. 36/2001-Customs (N.T.) to establish new tariff values for various goods. The updated tariff values are specified for items such as crude palm oil, RBD palm oil, crude soyabean oil, brass scrap, poppy seeds, gold, silver, and areca nuts. These changes are made to ensure appropriate valuation for customs purposes, reflecting the current market conditions.

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