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):
| Commodity | Tariff Value (USD/MT) |
| Crude Palm Oil | 1012 |
| RBD Palm Oil | 1035 |
| Other Palm Oil | 1024 |
| Crude Palmolein | 1041 |
| RBD Palmolein | 1044 |
| Other Palmolein | 1043 |
| Crude Soyabean Oil | 1120 |
| Brass Scrap (all grades) | 5591 |
Precious Metals – Table-2
| Commodity Description | Tariff 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
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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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