The Central Board of Indirect Taxes & Customs (CBIC) has amended Notification No. 36/2001-Customs (N.T.) under Section 14(2) of the Customs Act, 1962. This amendment modifies valuation rules for imported goods. The changes take effect from 15th February 2025. The original notification, issued on 3rd August 2001, set customs valuation methods. It was last amended on 31st January 2025. The amendment ensures updated valuation aligns with current trade requirements. The objective is to maintain fair and transparent customs assessments. The revised rules aim to enhance compliance and efficiency.
TABLE 1
Sl. No. | Chapter/Heading/Sub-heading/Tariff Item | Description of Goods | Tariff Value (US $ Per Metric Tonne) |
1 | 1511 10 00 | Crude Palm Oil | 1111 |
2 | 1511 90 10 | RBD Palm Oil | 1147 |
3 | 1511 90 90 | Others โ Palm Oil | 1129 |
4 | 1511 10 00 | Crude Palmolein | 1155 |
5 | 1511 90 20 | RBD Palmolein | 1158 |
6 | 1511 90 90 | Others โ Palmolein | 1157 |
7 | 1507 10 00 | Crude Soya Bean Oil | 1082 |
8 | 7404 00 22 | Brass Scrap (all grades) | 5244 |
TABLE 2
Sl. No. | Chapter/Heading/Sub-heading/Tariff Item | Description of Goods | Tariff Value (US $) |
1 | 71 or 98 | Gold, in any form, availing benefit under Serial No. 356 of Notification No. 50/2017-Customs dated 30.06.2017 | 938 per 10 grams |
2 | 71 or 98 | Silver, in any form, availing benefit under Serial No. 357 of Notification No. 50/2017-Customs dated 30.06.2017 | 1043 per kilogram |
3 | 71 | (i) Silver in any form, except medallions and silver coins with 99.9% purity or higher, or semi-manufactured forms under sub-heading 7106 92. | 1043 per kilogram |
4 | 71 | (i) Gold bars (excluding tola bars) with manufacturerโs or refinerโs engraved serial number and weight in metric units. | 938 per 10 grams |
TABLE 3
Sl. No. | Chapter/Heading/Sub-heading/Tariff Item | Description of Goods | Tariff Value (US $ Per Metric Ton) |
1 | 0802 80 | Areca nuts | 8140 |
Notification Reference: Customs
Notification No.: 10/2025-CUSTOMS (N.T.)
(15/02/2025)