CBEC revises tariff value of specified goods

The Dollar Business Bureau

Central Board of Excise & Customs (CBEC) has revised tariff value of specified goods including palm oil, soya bean oil, poppy seeds, areca nuts, brass scrap, gold and silver, among others in its notification no.- No.123/2016-Customs (N.T.) issued on Friday.

The tariff value of crude palm oil, RBD palm oil and palm oil (others) has been revised to $767 per metric tonne, $776 per metric tonne and $772 per metric tonne, respectively.

In addition, the tariff value per metric tonne has been revised of other specific goods, including crude palmolein ($811), RBD palmolein ($814), palmolein - others ($813), crude soya bean oil ($827), brass scrap - all grades ($3055), poppy seeds ($2533) and areca nuts ($2623).

Gold, in any form, now has the tariff value of $428 per 10 grams. The tariff value of silver, in any form, has been revised to $619 per kilogram.