Tariff Values Notified Under Customs Act – Effective 25 February 2026
In exercise of the powers conferred under Section 14(2) of the Customs Act, 1962, the Central Board of Indirect Taxes & Customs (CBIC) has issued an amendment to Notification No. 36/2001-Customs (N.T.) dated 03 August 2001.
The amendment substitutes Table 1, Table 2, and Table 3 relating to tariff values of specified goods. Notably, there is no change in tariff values across the notified items. The revised notification comes into force from 25th February 2026.
This update is relevant for importers dealing in edible oils, precious metals, scrap materials, and areca nuts, as tariff values directly impact customs duty calculations.
Legal Background
The notification is issued under:
- Section 14(2) of the Customs Act, 1962
- Principal Notification: No. 36/2001-Customs (N.T.) dated 03 August 2001
- Last amended vide Notification No. 22/2026-Customs (N.T.) dated 18 February 2026
The Central Board of Indirect Taxes & Customs (CBIC) reviews tariff values periodically to align them with prevailing international prices.
Table 1 – Tariff Values (US $ Per Metric Tonne)
Sl. No. | Chapter/Heading/Sub-heading/Tariff Item | Description of Goods | Tariff Value (US $ Per Metric Tonne) |
1 | 1511 10 00 | Crude Palm Oil | 1086 (No Change) |
2 | 1511 90 10 | RBD Palm Oil | 1088 (No Change) |
3 | 1511 90 90 | Others – Palm Oil | 1087 (No Change) |
4 | 1511 10 00 | Crude Palmolein | 1090 (No Change) |
5 | 1511 90 20 | RBD Palmolein | 1093 (No Change) |
6 | 1511 90 90 | Others – Palmolein | 1092 (No Change) |
7 | 1507 10 00 | Crude Soya Bean Oil | 1202 (No Change) |
8 | 7404 00 22 | Brass Scrap (All Grades) | 7391 (No Change) |
Key Insight
There is no revision in tariff values for edible oils and brass scrap. Importers can continue duty calculations based on existing notified values.
Table 2 – Tariff Values for Precious Metals
Sl. No. | Chapter | Description of Goods | Tariff Value (US $) |
1 | 71 or 98 | Gold (benefit under Sr. No. 194 of Notif. 45/2025-Customs) | 1624 per 10 grams (No Change) |
2 | 71 or 98 | Silver (benefit under Sr. No. 195 of Notif. 45/2025-Customs) | 2817 per kilogram |
3 | 71 | Silver (other specified forms) | 2817 per kilogram |
4 | 71 | Gold bars (other than tola bars), gold coins ≥99.5%, gold findings | 1624 per 10 grams (No Change) |
Explanation
- Silver excludes foreign currency coins, jewellery made of silver, or silver articles.
- “Gold findings” refers to small components such as hooks, clasps, clamps, pins, screw backs, etc., used in jewellery.
Table 3 – Tariff Value for Areca Nuts
Sl. No. | Chapter | Description | Tariff Value (US $ Per Metric Ton) |
1 | 080280 | Areca Nuts | 7020 (No Change) |
Effective Date
This notification shall come into force from 25th February 2026.
Important Note
The principal notification was originally issued vide Notification No. 36/2001-Customs (N.T.) dated 03 August 2001 and has undergone periodic amendments. The last amendment prior to this update was Notification No. 22/2026-Customs (N.T.) dated 18 February 2026.
Although the current notification substitutes the tables, there is no change in tariff values. The substitution is largely procedural in nature.
Practical Impact for Importers
- No additional duty burden due to unchanged tariff values
- Stability in customs valuation for edible oil importers
- No impact on gold and silver tariff benchmarks
- Continued predictability for areca nut and brass scrap importers
Businesses should still ensure correct application of tariff value for customs duty computation under Section 14 of the Customs Act.
Conclusion
The latest amendment under Notification No. 36/2001-Customs (N.T.) maintains status quo in tariff values for key imported commodities including edible oils, precious metals, brass scrap, and areca nuts.
While there is no financial impact arising from this update, importers must take note of the effective date – 25 February 2026 – and ensure compliance documentation reflects the substituted tables.
For businesses engaged in international trade, continuous monitoring of tariff value notifications remains essential to avoid valuation disputes and ensure accurate customs duty payments.
Notification No:23/2026-Customs (NT)
24-Feb-2026