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Customs - Highlights / Catch Notes

Home Highlights April 2024 Year 2024 This

Notification No. 28/2024-Customs (N.T.) retains the tariff ...

Customs

April 10, 2024

Notification No. 28/2024-Customs (N.T.) retains the tariff values for crude palm oil, RBD palm oil, others – palm oil, crude palmolein, RBD palmolein, others – palmolein, crude soyabean oil, and brass scrap (all grades) at their previous levels, indicating stability in these sectors. However, it introduces significant changes in the tariff values for gold and silver, setting them at 747 USD per 10 grams and 900 USD per kilogram, respectively. These adjustments may be indicative of fluctuations in the global prices of these precious metals, necessitating a recalibration of their tariff values to ensure equitable trade practices and prevent under-valuation or over-valuation at the time of import.

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