The Central Board of Indirect Taxes & Customs (CBIC) has recently revised the customs tariff values for various commodities like Edible Oils, Brass Scrap, Areca Nuts, Gold, and Silver. This update comes into effect from June 15, 2024. The notification no. 53/2024-CUSTOMS (N.T.) dated July 31, 2024, issued by CBIC under the Ministry of Finance, specifies the changes in tariff values for Crude Palm Oil, Gold, Silver, and Areca Nuts, which will be effective from August 1, 2024.
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