Govt Revises Tariff Values for Palm Oils, Soybean Oil, Brass Scrap, Gold & Silver; New Rates Effective 1st August 2025
Govt Revises Tariff Values for Palm Oils, Soybean Oil, Brass Scrap, Gold & Silver; New Rates Effective 1st August 2025
CBDT recently notifies dated July 31, under section 14 (2) of the Customs Act, 1962. The Central Board of Indirect Taxes and Customs, being satisfied that it is important and beneficial to do so, makes the below mentioned amendments in the notification of the Government of India in the Ministry of Finance dated August 3, 2001, published in the Gazette of India. This notification will come into effect from July 1, 2025.
In the said notification, for Table-1, Table-2 and Table 3 the Below Mentioned Tables will be substituted:-
Table 1-
| Sl. No. | Chapter/Heading/Subheading/Tariff Item | Description of Goods | Tariff Value (US $ Per Metric Tonne) |
| 1 | 1511 10 00 | Crude Palm Oil | 1012 |
| 2 | 1511 90 10 | RBD Palm Oil | 1035 |
| 3 | 1511 90 90 | Others – Palm Oil | 1024 |
| 4 | 1511 10 00 | Crude Palmolein | 1041 |
| 5 | 1511 90 20 | RBD Palmolein | 1044 |
| 6 | 1511 90 90 | Others – Palmolein | 1043 |
| 7 | 1507 10 00 | Crude Soya bean Oil | 1120 |
| 8 | 7404 00 22 | Brass Scrap (all grades) | 5591 |
Table 2-
| Sl. No. | Chapter/Heading/Subheading/Tariff Item | Description of Goods | Tariff Value (US $) |
| 1 | 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 | 1063 per 10 grams |
| 2 | 71 or 98 | Silver, in any form, in respect of which the benefit of entries at serial number 357 of Notification No. 50/2017-Customs dated 30/06/2017 is availed | 1224 per kilogram |
| 3 | 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 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 subheading 7106 92, other than imports via post, courier, or baggage.Explanation: Excludes foreign currency coins, silver Jewellery, or silver articles. |
1224 per kilogram |
| 4 | 71 | (i) Gold bars (excluding tola bars) with manufacturer/refiner’s engraved serial number and metric weight; (ii) Gold coins ≥99.5% purity and gold findings (excluding imports via post, courier, or baggage).
Explanation: “Gold findings” are small components like hooks, clasps, clamps, etc., used in Jewellery. |
1063 per 10 grams |
Table 3-
| Sl. No. | Chapter/Heading/Subheading/Tariff Item | Description of Goods | Tariff Value (US $ Per Metric Ton) |
| 1 | 80280 | Areca nuts | 6970 |
To know more details of the above mentioned tables refer the below notification: