CBIC Revises Tariff Values for Crude Oils, Precious Metals, and Areca Nuts Effective July 1, 2025
Government revises customs tariff values for edible oils, metals, and areca nuts to reflect global price trends, effective July 1, 2025
The Central Board of Indirect Taxes and Customs (CBIC) has issued Notificationrevising the tariff values of key imported commodities including edible oils, precious metals, brass scrap, and areca nuts. The revised rates come into effect from July 1, 2025.
The notification, dated June 30, 2025, has been published in the Gazette of India (Extraordinary) under Section 14(2) of the Customs Act, 1962. This revision replaces the previous tariff tables notified under Notification No. 36/2001-CUSTOMS (N.T.).
Key Changes in Tariff Values
1. Edible Oils
The CBIC has adjusted the tariff values for various categories of palm and soybean oils:
Commodity | Revised Tariff Value (US$/MT) |
Crude Palm Oil | 1006 |
RBD Palm Oil | 1032 |
Other Palm Oil | 1019 |
Crude Palmolein | 1044 |
RBD Palmolein | 1047 |
Other Palmolein | 1046 |
Crude Soybean Oil | 1095 |
2. Brass Scrap
Brass Scrap (All Grades): Set at US$ 5563 per metric tonne.
3. Precious Metals
Gold (availing benefits under Notification 50/2017-Customs): US$ 1054 per 10 grams.
Silver (under same benefit): US$ 1164 per kilogram.
Other silver forms and medallions (with ≥99.9% purity): US$ 1164 per kilogram.
Gold bars and coins (with ≥99.5% purity): US$ 1054 per 10 grams.
Clarification: Foreign currency coins, silver/gold jewelry, or articles made thereof are excluded from the tariff benefit under these entries.
4. Areca Nuts
Tariff value for Areca Nuts remains unchanged at US$ 6970 per metric tonne.
Implementation Timeline
These revised tariff values are applicable from July 1, 2025, and supersede all prior rates notified under Notification No. 43/2025-CUSTOMS (N.T.) dated June 13, 2025.
Policy Implication
This bi-monthly adjustment is aimed at aligning declared tariff values with prevailing international prices, ensuring a level playing field for domestic producers and preventing undervaluation in imports.
The changes are expected to impact traders, customs houses, and importers dealing in edible oils and precious metals, particularly ahead of festive season imports.
Notification Details
Notification No. 44/2025-CUSTOMS (N.T.)
Date: 30/06/2025
Mariya is the Senior Editor at JurisHour. She has 5+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started as a freelance tax reporter in the leading online legal news companies like LiveLaw & Taxscan.
