The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification updating the tariff value tables prescribed under Section 14 of the Customs Act, 1962. The notification replaces the existing tariff value tables under Notification No. 36/2001-Customs (N.T.) and comes into force from June 12, 2026. However, the revised notification largely maintains the existing tariff values for the notified commodities.
Tariff values are fixed benchmark values notified by the Government for the purpose of customs duty assessment on specified imported goods. These values are periodically reviewed to reflect international market trends and assist customs authorities in determining the assessable value of imported products.
No Change in Tariff Values for Edible Oils
The notification continues the existing tariff values for major edible oils, including crude palm oil, refined palm oil, palmolein and crude soybean oil.
Under the revised tables:
- Crude Palm Oil will continue to attract a tariff value of USD 1,218 per metric tonne.
- RBD Palm Oil remains valued at USD 1,222 per metric tonne.
- Other Palm Oil varieties continue at USD 1,220 per metric tonne.
- Crude Palmolein remains at USD 1,230 per metric tonne.
- RBD Palmolein continues at USD 1,233 per metric tonne.
- Other Palmolein varieties remain at USD 1,232 per metric tonne.
- Crude Soybean Oil continues at USD 1,244 per metric tonne.
The continuation of these tariff values suggests relative stability in the international edible oil market for customs valuation purposes.
Tariff Values for Precious Metals Retained
The notification also retains the tariff values applicable to gold and silver imports.
Gold imported under the concessional customs notification framework will continue to be valued at USD 1,343 per 10 grams, while silver will continue to carry a tariff value of USD 2,092 per kilogram.
The tariff value applies to specified forms of gold and silver, including bullion and certain semi-manufactured forms, subject to the conditions prescribed under customs notifications governing precious metal imports.
Industry participants closely monitor these tariff values because they directly influence customs duty calculations and import costs in the bullion sector.
Brass Scrap Value Unchanged
CBIC has also retained the tariff value for brass scrap (all grades) at USD 7,655 per metric tonne.
Brass scrap imports are widely used by manufacturing and recycling industries, making tariff valuation an important factor in determining import duty liability.
Areca Nut Tariff Value Continues
For areca nuts (supari), the tariff value remains unchanged at USD 9,155 per metric tonne.
The commodity has historically been subject to tariff valuation measures due to concerns regarding undervaluation and fluctuations in international prices.
Legal Framework
The notification has been issued under Section 14(2) of the Customs Act, 1962, which empowers the Central Government to fix tariff values for imported goods where it considers such action necessary and expedient.
Tariff values serve as statutory benchmarks for customs assessment and are distinct from transaction values declared by importers. They are particularly relevant for commodities where price volatility, under-invoicing concerns, or valuation disputes may arise.
Effective Date
The revised tariff value notification will come into effect from June 12, 2026. Since all notified values remain unchanged from the previous notification, importers and customs brokers are unlikely to witness any immediate change in customs duty incidence on the specified commodities.
The notification reflects CBIC’s continuing approach of periodically reviewing tariff values while maintaining stability where prevailing international market conditions do not warrant any revision.
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