The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification revising tariff values for key commodities including edible oils, gold, silver, and brass scrap. 

The changes have been made by substituting Table 1, Table 2 and Table 3 under the long-standing Notification No. 36/2001-Customs (N.T.), in exercise of powers under Section 14(2) of the Customs Act, 1962. 

The revised tariff values will come into effect from May 1, 2026, and are expected to influence import duty calculations, particularly for commodities where tariff value mechanism is used instead of transaction value.

The notification revises tariff values of edible oils, a category closely monitored due to its inflationary impact and import dependence. As per the updated Table-1 (page 4 of the notification), crude palm oil has been fixed at USD 1202 per metric tonne, while RBD palm oil is set at USD 1222 per metric tonne. Other palm oil variants are valued at USD 1212 per metric tonne. Similarly, crude palmolein is notified at USD 1227 and RBD palmolein at USD 1230 per metric tonne, while crude soybean oil is fixed at USD 1255 per metric tonne. Brass scrap (all grades) has been assigned a significantly higher tariff value of USD 7363 per metric tonne, reflecting prevailing global price trends. 

In respect of precious metals, the government has retained the tariff value for gold at USD 1456 per 10 grams, applicable where concessional notification benefits are availed. Silver continues to be valued at USD 2360 per kilogram, including specified forms such as semi-manufactured silver and high-purity silver coins and medallions, subject to conditions clarified in the notification (pages 4–5). 

The notification also elaborates the scope of gold and silver covered, including gold bars (other than tola bars), gold coins of specified purity, and “gold findings” such as clasps and hooks used in jewellery. It further clarifies exclusions such as foreign currency coins and finished silver jewellery for the purpose of tariff valuation. 

With regard to areca nuts, the tariff value remains unchanged at USD 9155 per metric tonne, indicating no policy shift for this commodity in the current revision (Table-3). 

Notification Details

Notification No. 42/2026-CUSTOMS (N.T.)

Date: 30/04/2026

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