Tariff Value Update: Oils, Scrap, Areca Nut, Gold & Silver – 16th May 2025.

by preface

May 16, 2025

Key Update under Customs Act, 1962

In exercise of the powers conferred under Section 14(2) of the Customs Act, 1962, the CBIC has notified revised Tariff Values for certain imported goods, by amending Notification No. 36/2001-Customs (N.T.).

These amendments come into force from 16th May 2025 and affect key import commodities such as edible oils, precious metals, and scrap materials.

📊 Revised Tariff Values at a Glance

TABLE-1: Edible Oils & Brass Scrap

Sl. No.	Chapter/ heading/ sub-heading/tariff item	Description	Tariff Value (US$/MT)
1	1511 10 00	Crude Palm Oil	987
2	1511 90 10	RBD Palm Oil	1011
3	1511 90 90	Others – Palm Oil	999
4	1511 10 00	Crude Palmolein	1019
5	1511 90 20	RBD Palmolein	1022
6	1511 90 90	Others – Palmolein	1021
7	1507 10 00	Crude Soyabean Oil	1070
8	7404 00 22	Brass Scrap (all grades)	5473

TABLE 2: Precious Metals

Sl. No.	Chapter/ heading/ sub-heading/tariff item	Description of Goods	Tariff Value (US $)
1	71 or 98	Gold, in any form, in respect of which the benefit of entries at serial number 356 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed	1028 per 10 grams
2	71 or 98	Silver, in any form, in respect of which the benefit of entries at serial number 357 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed	1065 per kilogram
3	71	(i) Silver, in any form, other than medallions and silver coins having silver content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92. (ii) Medallions and silver coins having silver content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92, other than imports of such goods through post, courier or baggage. Explanation. – For the purposes of this entry, silver in any form shall not include foreign currency coins, jewellery made of silver or articles made of silver.	1065 per kilogram
4	71	i) Gold bars, other than tola bars, bearing manufacturer’s or refiner’s engraved serial number and weight expressed in metric units; ii) Gold coins having gold content not below 99.5% and gold findings, other than imports of such goods through post, courier or baggage. Explanation. – For the purposes of this entry, “gold findings” means a small component such as hook, clasp, clamp, pin, catch, screw back used to hold the whole or a part of a piece of Jewellery in place	1028 per 10 grams

TABLE-3: Areca Nuts

Sl. No.	Chapter/ heading/ sub-heading/tariff item	Description	Tariff Value (US$/Per Metric Ton)
1	080280	Areca Nuts	6970 (i.e., no change)”

📌 Notes

No change in tariff value of Areca Nuts.
The tariff value serves as a reference value for calculating customs duty on these goods.
These values are reviewed periodically based on global price fluctuations.

Notification Reference: Customs
Notification No. 34/2025-CUSTOMS (N.T.)
15/05/2025

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