Big Customs Update: CBIC notifies Gold, Silver & Oil Tariff Values [Read notification]

Big Customs Update: CBIC notifies Gold, Silver & Oil Tariff Values [Read notification]

The Central Board of Indirect Taxes and Customs (CBIC) under the Ministry of Finance (Department of Revenue) shared a notification on October 15, 2025 regarding amendments in the notification to Customs Exchange Rate Tables – Effective from October 16, 2025.

In powers given by Section 14 (2) of the Customs Act, 1962 (52), the Central Board of Indirect Taxes and Customs, being satisfied that it is necessary and expedient to do so, makes the following amendments in the notification in the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2002-Customs dated August 3, 2001 published in the Gazette of India, Extraordinary, Part-II, Sub-section (ii), vide number S.O. 748 (E), dated August 3, 2001.

The following tables will be replaced for TABLE-1, TABLE-2, and TABLE-3:

TABLE-1

S.No	Chapter/heading/sub-heading/tariff item	Description of goods	Tariff Value (US $Per Metric Tonne)
1	1511 10 00	Crude Palm Oil	1123
2	1511 90 10	RBD Palm Oil	1148
3	1511 90 90	Others – Palm Oil	1136
4	1511 10 00	Crude Palmolein	1149
5	1511 90 20	RBD Palmolein	1152
6	1511 90 90	Others – Palmolein	1151
7	1507 10 00	Crude Soya bean Oil	1187
8	7404 00 22	Brass Scrap (all grades)	5889

TABLE-2

Chapter/ heading/ sub-heading/tariff item	Description of goods	Tariff value (US $)
71 or 98	Gold, in any form, in respect of which the benefit of entries at serial number 356 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed	1327 per 10 grams
71 or 98	Silver, in any form, in respect of which the benefit of entries at serial number 357 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed	1663 per kilogram
71	(i) Silver, in any form, other than medallions and silver coins having silver content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92; (ii) Medallions and silver coins having silver content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92, other than imports of such goods through post, courier or baggage. Explanation. – For the purposes of this entry, silver in any form shall not include foreign currency coins, jewellery made of silver or articles made of silver.	1663 per kilogram
71	(i) Gold bars, other than tola bars, bearing manufacturer’s or refiner’s engraved serial number and weight expressed in metric units; (ii) Gold coins having gold content not below 99.5% and gold findings, other than imports of such goods through post, courier or baggage. Explanation. For the purposes of this entry, “gold findings” means a small component such as hook, clasp, clamp, pin, catch, screw back used to hold the whole or a part of a piece of Jewellery in place	1327 per 10 grams

TABLE-3

Chapter/ heading/ subheading/tariff item	Description of goods	Tariff value (US $ Per Metric Ton)
80280	Areca nuts	7142”

Note: This notification will be effective from October 16, 2025.

For complete information refer to the official notification-