New Customs Notification Updates Tariff Values; No Changes for Key Commodities Including Gold and Silver.

The Central Board of Indirect Taxes and Customs has issued Notification No. 78/2023-Customs (N.T.) under the Ministry of Finance, effective from October 24, 2023. It amends the earlier notification No. 36/2001-Customs (N.T.) by updating tariff values for various goods. The tariff values for crude palm oil, RBD palm oil, palmolein, crude soybean oil, brass scrap, gold, silver, and areca nuts remain unchanged. The notification specifies the tariff values in US dollars per metric tonne or per 10 grams/kilogram for these commodities, maintaining the status quo from previous amendments.

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