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Tariff Value meaning

Regulations/Policies
Articles of Stone, Plaster, Asbestos, Mica, etc
From Argentina
To Vietnam
451 views / 1 experts
Reyansh G.
May 18, 2022

What is the meaning of Tariff Value? 

1 answer

Imad K.
May 18, 2022

The Tariff Value is fixed by the Central Board of Indirect taxes and Customs (CBIC) for any class of imported goods or export goods. Authorities will consider the trend of value of the goods in question while fixing tariff value. Once fixed, the duty is payable as a percentage of this value.

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