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Tariff Value of Gold, Silver, Oil and Areca Nuts Re-notified: CBIC Updates Import Rates Effective August 1, 2025

The Central Board of Indirect Taxes and Customs (CBIC) has revised the tariff values of various imported goods namely Gold, Silver, Oil and Areca Nuts under Section 14(2) of the Customs Act, 1962. The new tariff values come into effect from August 1, 2025.

Key Highlights from the Notification

Edible Oils and Brass Scrap – Table-1

Revised tariff values per metric tonne (in USD):

CommodityTariff Value (USD/MT)
Crude Palm Oil1012
RBD Palm Oil1035
Other Palm Oil1024
Crude Palmolein1041
RBD Palmolein1044
Other Palmolein1043
Crude Soyabean Oil1120
Brass Scrap (all grades)5591

Precious Metals – Table-2

Commodity DescriptionTariff Value
Gold (covered by 50/2017-Cus)1063 per 10 grams
Silver (covered by 50/2017-Cus)1224 per kilogram
Silver (purity ≥ 99.9%, excluding coins/jewellery)1224 per kilogram
Gold Bars and Coins (purity ≥ 99.5%, excluding tola bars/jewellery)1063 per 10 grams

Clarification: Silver and gold coins, medallions, and findings are excluded from the general definition of silver and gold respectively.

Areca Nuts – Table-3

  • Tariff value remains unchanged at 6970 USD per metric tonne.

Notification Details

Notification No. 49/2025-CUSTOMS (N.T.)

Date: 31/07/2025

Read More: Inherent Power Of Tribunal To Stay Of Order Determinantal To Taxes Collection: CESTAT

Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. 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.
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