CBIC Revises Tariff Values for Key Commodities Effective 14 March 2026
The Central Board of Indirect Taxes and Customs (CBIC) has issued a new notification revising tariff values for certain imported goods under the provisions of the Customs Act, 1962. These changes are made by exercising powers under Section 14(2) of the Act and amend the long-standing valuation framework established under Notification No. 36/2001–Customs (N.T.).
The notification replaces TABLE-1, TABLE-2, and TABLE-3 with updated tariff values applicable to specific commodities. The revised values will come into effect from 14 March 2026 and are relevant for determining customs duties where tariff values are prescribed.
Tariff values are periodically reviewed by CBIC to reflect prevailing international prices and ensure appropriate duty calculation for sensitive commodities such as edible oils, metals, and precious metals. These values are used as the base price for customs duty calculation, irrespective of the actual transaction value declared by importers.
The latest amendment continues the government’s approach of adjusting tariff values in line with global market movements.
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 | 1112 |
2 | 1511 90 10 | RBD Palm Oil | 1132 |
3 | 1511 90 90 | Others – Palm Oil | 1122 |
4 | 1511 10 00 | Crude Palmolein | 1138 |
5 | 1511 90 20 | RBD Palmolein | 1141 |
6 | 1511 90 90 | Others – Palmolein | 1140 |
7 | 1507 10 00 | Crude Soya bean Oil | 1183 |
8 | 7404 00 22 | Brass Scrap (all grades) | 7404 |
TABLE-2
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 194 of the Notification No. 45/2025-Customs dated 24.10.2025 is availed | 1652 per 10 grams |
2 | 71 or 98 | Silver, in any form, in respect of which the benefit of entries at serial number 195 of the Notification No. 45/2025-Customs dated 24.10.2025 is availed | 2820 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; | 2820 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; | 1652 per 10 grams |
TABLE-3
Sl. No. | Chapter/ heading/ sub-heading/tariff item | Description of goods | Tariff value (US $ Per Metric Ton) |
1 | 080280 | Areca nuts | 7020 (i.e., no change) |
Key Takeaways for Importers
The revised tariff values mainly affect edible oils, brass scrap, gold, silver, and areca nuts. Importers dealing in these commodities should carefully review the updated values as they directly impact customs duty calculations.
For edible oils such as crude palm oil, palmolein, and soybean oil, tariff values are adjusted to reflect global price movements. These commodities are closely monitored due to their significance in India’s food supply chain and import volumes.
Similarly, tariff values for precious metals like gold and silver continue to be notified on a weight basis, which helps customs authorities maintain consistent valuation and reduce potential undervaluation during imports.
The tariff value for brass scrap remains relevant for the metal recycling and manufacturing sectors that rely heavily on imported scrap materials.
Notably, areca nuts tariff value remains unchanged, indicating stability in the benchmark value used for customs duty purposes.
Effective Date
As per the notification issued by the Central Board of Indirect Taxes and Customs, the revised tariff values come into force from 14 March 2026.
Importers, customs brokers, and trade professionals should ensure that import documentation, valuation practices, and duty calculations align with these updated tariff values for all relevant consignments cleared on or after the effective date.
For businesses engaged in international trade, staying updated with tariff value notifications issued under the Customs Act, 1962 is essential to maintain compliance and avoid valuation disputes during customs clearance.