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Informative

Finance Ministry Revises Customs Tariff Values for Palm Oil, Soya Bean Oil, Gold and Silver, and Areca Nuts

Update / Judgement Date

02 Feb 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Excise, VAT & CustomFinancial Management

The Finance Ministry revises customs tariff values for palm oil, soya bean oil, gold and silver, and areca nuts. This revision highlights the government's efforts to manage trade and market prices. It underscores the importance of adjusting tariff values. This move reflects the ministry's response to market dynamics. It emphasizes the need for timely adjustments. The revision aims to stabilize prices and trade.