The Central Board of Indirect Taxes and Customs (CBIC) has revised the tariff values applicable to a range of imported commodities, including crude and refined palm oils, palmolein, crude soybean oil, brass scrap, gold, silver and areca nuts.
| Category | Revised tariff value |
| Crude Palm Oil | US$ 1,208/MT |
| RBD Palm Oil | US$ 1,220/MT |
| Other Palm Oil | US$ 1,214/MT |
| Crude Palmolein | US$ 1,227/MT |
| RBD Palmolein | US$ 1,230/MT |
| Other Palmolein | US$ 1,229/MT |
| Crude Soyabean Oil | US$ 1,257/MT |
| Brass Scrap | US$ 7,945/MT |
| Specified Gold | US$ 1,407/10 grams |
| Specified Silver | US$ 2,097/kg |
| Areca Nuts | US$ 11,574/MT |
The revised values will come into force from August 15, 2026, thereby changing the customs valuation benchmark for the specified imported goods from that date.
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CBIC exercises power under Section 14 of Customs Act
The notification has been issued by the Ministry of Finance, Department of Revenue, through CBIC in exercise of the powers conferred under Section 14(2) of the Customs Act, 1962.
Section 14 provides the statutory framework for determination of the value of imported and exported goods for customs purposes. Under the notification, CBIC has stated that it is satisfied that revision of the tariff values is necessary and expedient and has accordingly amended the earlier notification governing tariff values.
The latest notification follows an earlier amendment issued through Notification No. 69/2026-Customs (N.T.) dated August 10, 2026, showing that tariff values for these commodities are being periodically updated in response to prevailing valuation considerations.
Revised tariff values for edible oils and brass scrap
Under the substituted Table-1, CBIC has prescribed tariff values in US dollars per metric tonne for several edible oils and brass scrap.
The revised tariff values are:
| Commodity | Tariff Item | Revised Tariff Value |
| Crude Palm Oil | 1511 10 00 | US$ 1,208 per MT |
| RBD Palm Oil | 1511 90 10 | US$ 1,220 per MT |
| Other Palm Oil | 1511 90 90 | US$ 1,214 per MT |
| Crude Palmolein | 1511 10 00 | US$ 1,227 per MT |
| RBD Palmolein | 1511 90 20 | US$ 1,230 per MT |
| Other Palmolein | 1511 90 90 | US$ 1,229 per MT |
| Crude Soyabean Oil | 1507 10 00 | US$ 1,257 per MT |
| Brass Scrap – all grades | 7404 00 22 | US$ 7,945 per MT |
These figures are specifically set out in Table-1 of the notification.
The revision is particularly relevant for importers dealing in edible oils and non-ferrous metal scrap because tariff value operates as the prescribed customs valuation benchmark for the goods covered by the notification.
Gold tariff value fixed at US$1,407 per 10 grams
A significant component of the revised notification relates to gold.
Under Table-2, gold in any form for which the benefit of Serial No. 194 of Notification No. 45/2025-Customs dated October 24, 2025 is availed has been assigned a tariff value of US$1,407 per 10 grams.
The notification separately covers specified gold falling under Chapter 71. This includes gold bars, other than tola bars, bearing an engraved manufacturer’s or refiner’s serial number and weight expressed in metric units.
It also covers gold coins having gold content of not less than 99.5%, as well as specified gold findings, subject to the exclusions relating to imports through post, courier or baggage. The tariff value prescribed for this category is also US$1,407 per 10 grams.
The notification explains that “gold findings” refers to small components such as hooks, clasps, clamps, pins, catches and screw backs used to hold the whole or part of jewellery in place.
Silver tariff value set at US$2,097 per kilogram
The notification also revises the tariff value for specified forms of silver to US$2,097 per kilogram.
Under Table-2, silver in any form in respect of which the benefit of Serial No. 195 of Notification No. 45/2025-Customs dated October 24, 2025 is availed has been assigned a tariff value of US$2,097 per kilogram.
A separate entry covers silver falling under heading 71, including silver in specified forms other than medallions and silver coins having silver content of not less than 99.9%, as well as specified semi-manufactured forms under sub-heading 7106 92.
The same US$2,097 per kilogram tariff value applies to the specified silver covered by this entry.
Silver jewellery and articles expressly excluded
Importantly, the notification contains a specific explanation concerning the scope of the silver entry.
For purposes of the relevant tariff-value entry, “silver in any form” does not include foreign currency coins, jewellery made of silver or articles made of silver.
This clarification is significant because it delineates the commodities to which the prescribed tariff value applies and prevents the expression “silver in any form” from being interpreted to cover the expressly excluded categories.
Gold findings covered subject to specific exclusions
The notification similarly provides a detailed description of the gold category covered by the revised tariff value.
Gold bars other than tola bars must bear the manufacturer’s or refiner’s engraved serial number and have their weight expressed in metric units. The entry also covers gold coins containing at least 99.5% gold and specified gold findings.
However, the notification excludes imports of such goods through post, courier or baggage from the specified entry.
The distinction is important for customs authorities and importers because the tariff-value entry is linked not merely to the broad description of gold but also to the characteristics and mode of import specified in the notification.
Areca nut tariff value revised to US$11,574 per metric tonne
Under Table-3, CBIC has prescribed a tariff value of US$11,574 per metric tonne for areca nuts falling under tariff item 080280.
Areca nuts are therefore among the commodities for which the customs valuation benchmark has been specifically updated through the latest notification.
Effective from August 15, 2026
The revised tariff values will take effect from August 15, 2026.
The notification was issued in New Delhi on August 14, 2026, and carries the reference F. No. 467/01/2026-Cus.V. It has been signed by Indrajit Panda, Under Secretary.
Accordingly, import transactions covered by the revised entries from August 15 will be governed by the substituted tariff values.
Background: amendment to 2001 tariff-value notification
The latest notification does not constitute an entirely new tariff-value framework. Instead, it amends the long-standing Notification No. 36/2001-Customs (N.T.) dated August 3, 2001.
The principal notification was originally issued under Section 14(2) of the Customs Act and has subsequently undergone multiple amendments. The latest notification expressly records that the principal notification was last amended through Notification No. 69/2026-Customs (N.T.) dated August 10, 2026.
Through Notification No. 70/2026, the existing Table-1, Table-2 and Table-3 have been replaced with the newly prescribed tables.
Impact on importers and customs valuation
The notification is relevant for importers, customs brokers and businesses engaged in commodities covered by the revised tables.
For the specified goods, the tariff values notified by CBIC provide the customs valuation benchmark prescribed under the statutory framework. Consequently, importers dealing in palm oil, palmolein, soybean oil, brass scrap, specified gold and silver products and areca nuts will need to take the revised values into account for consignments covered from August 15, 2026.
The practical impact will depend on the nature of the goods, applicable tariff classification, exemptions or concessions being claimed and the specific conditions attached to each entry.
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