The Central Board of Indirect Taxes & Customs (CBIC) has issued a fresh amendment under Notification No. 36/2001-Customs (N.T.) revising tariff values applicable to select imported commodities including edible oils, brass scrap, gold, silver, and areca nuts.
The revised tariff values have been notified under the powers conferred by Section 14(2) of the Customs Act, 1962 and came into effect from 1 May 2026.
The amendment substitutes Table-1, Table-2, and Table-3 of the existing notification and revises benchmark tariff values used for customs duty calculation on specified imported goods.
For importers, traders, customs brokers, and finance teams, these revisions are important because tariff values directly influence customs duty liability and overall landed cost calculations.
Major Revisions Notified by CBIC
The notification revises tariff values for crude and refined palm oils, palmolein variants, crude soybean oil, brass scrap, gold, silver, and areca nuts.
Among edible oils, tariff values have been revised upward for multiple categories including Crude Palm Oil, RBD Palm Oil, Crude Palmolein, and Crude Soybean Oil. The notification also revises the tariff value applicable to Brass Scrap (all grades).
At the same time, tariff values for gold and areca nuts continue without any change.
Below are the revised tariff values notified by CBIC.
Table 1 – Revised Tariff Values for Edible Oils & Brass Scrap
Sl. No. | Chapter / Heading / Sub-heading / Tariff Item | Description of Goods | Tariff Value (US$ Per Metric Tonne) |
1 | 1511 10 00 | Crude Palm Oil | 1202 |
2 | 1511 90 10 | RBD Palm Oil | 1222 |
3 | 1511 90 90 | Others – Palm Oil | 1212 |
4 | 1511 10 00 | Crude Palmolein | 1227 |
5 | 1511 90 20 | RBD Palmolein | 1230 |
6 | 1511 90 90 | Others – Palmolein | 1229 |
7 | 1507 10 00 | Crude Soya Bean Oil | 1255 |
8 | 7404 00 22 | Brass Scrap (all grades) | 7363 |
Table 2 – Revised Tariff Values for Gold & Silver
Sl. No. | Chapter / Heading / Sub-heading / Tariff Item | Description of Goods | Tariff Value (US$) |
1 | 71 or 98 | Gold, in any form, in respect of which the benefit of entries at serial number 194 of Notification No. 45/2025-Customs dated 24.10.2025 is availed | 1456 per 10 grams (No Change) |
2 | 71 or 98 | Silver, in any form, in respect of which the benefit of entries at serial number 195 of Notification No. 45/2025-Customs dated 24.10.2025 is availed | 2603 per kilogram |
3 | 71 | (i) Silver, in any form, other than medallions and silver coins having silver content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92. (ii) Medallions and silver coins having silver content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92, other than imports through post, courier or baggage. Explanation: Silver in any form shall not include foreign currency coins, jewellery made of silver, or articles made of silver. | 2603 per kilogram |
4 | 71 | (i) Gold bars, other than tola bars, bearing manufacturer’s or refiner’s engraved serial number and weight expressed in metric units. (ii) Gold coins having gold content not below 99.5% and gold findings, other than imports through post, courier or baggage. Explanation: “Gold findings” means small components such as hook, clasp, clamp, pin, catch, screw back used in jewellery. | 1456 per 10 grams (No Change) |
Table 3 – Tariff Value for Areca Nuts
Sl. No. | Chapter / Heading / Sub-heading / Tariff Item | Description of Goods | Tariff Value (US$ Per Metric Tonne) |
1 | 080280 | Areca Nuts | 9155 (No Change) |
Impact on Importers and Businesses
Tariff values notified under Section 14 of the Customs Act are used as reference values for customs valuation of specified commodities. Any revision in these values can directly affect import duty calculations and overall import cost structures.
Businesses importing edible oils may witness changes in landed cost and procurement planning due to the revised benchmark values. Similarly, importers dealing in brass scrap, bullion, and agricultural commodities should reassess duty implications for consignments cleared from 1 May 2026 onwards.
Importers should also ensure that Bills of Entry filed after the effective date accurately reflect the revised tariff values to avoid valuation disputes or customs clearance delays.
Advisory from Preface Consulting
Businesses involved in international trade should immediately evaluate the operational and financial impact of the revised tariff values. Coordination between procurement teams, finance departments, customs brokers, and compliance professionals will be essential for accurate duty planning and smooth import clearances.
At Preface Consulting, we assist businesses with customs compliance, import-export advisory, DGFT regulations, customs valuation, and indirect tax consulting to help organizations manage regulatory changes efficiently.
Conclusion
The latest CBIC notification revising tariff values for edible oils, precious metals, brass scrap, and areca nuts is an important compliance update for importers and trade businesses.
Since tariff values directly influence customs duty liability, businesses should proactively review import costing, compliance processes, and procurement strategies in line with the revised values effective from 1 May 2026.