The Central Board of Indirect Taxes and Customs (CBIC) under the Ministry of Finance issued Notification No. 10/2025-Customs (N.T.) dated February 14, 2025, revising the tariff values for imported commodities, including various types of edible oils, brass scrap, gold, silver, and areca nuts. These changes will come into effect on February 15, 2025.
The tariff value for Crude Palm Oil has increased slightly, while RBD Palm Oil, Other Palm Oils, Crude Palmolein, RBD Palmolein, and Other Palmoleins have seen a decrease compared to the previous values. The tariff value for crude soybean oil has also decreased, continuing its downward trend. The tariff value for Brass Scrap (all grades) has seen a marginal increase.
Ensure trust with the Forensic Accounting
For gold and silver, the tariff values have been increased across all categories, reversing the previous trend of reductions. The tariff value for areca nuts has surged significantly to $8140 per metric tonne, marking a sharp increase of $1692 per metric tonne from the earlier rate of $6448 per metric tonne.
Table 1: Tariff Values for Edible Oils and Brass Scrap
| Sl. No. | Chapter/Heading/Sub-heading/Tariff Item | Description of Goods | New Tariff Value (US $ Per Metric Tonne) |
| 1 | 1511 10 00 | Crude Palm Oil | 1111 (Increased) |
| 2 | 1511 90 10 | RBD Palm Oil | 1147 (Decreased) |
| 3 | 1511 90 90 | Others – Palm Oil | 1129 (Decreased) |
| 4 | 1511 10 00 | Crude Palmolein | 1155 (Decreased) |
| 5 | 1511 90 20 | RBD Palmolein | 1158 (Decreased) |
| 6 | 1511 90 90 | Others– Palmolein | 1157 (Decreased) |
| 7 | 1507 10 00 | Crude Soybean Oil | 1082 (Decreased) |
| 8 | 7404 00 22 | Brass Scrap (all grades) | 5244 (Increased) |
Table 2 – Tariff Values for Gold and Silver
| Sl. No. | Chapter/Heading/ Sub-heading/Tariff Item | Description of Goods | New 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 | 938 (Increased) |
| 2 | 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 | 1043 (Increased) |
| 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 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. | 1043 (Increased) |
| 4 | 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. | 938 (Increased) |
Table 3: Tariff Value for Areca Nuts
| Sl. No. | Chapter/Heading/Sub-heading/Tariff Item | Description of Goods | New Tariff Value (US $ Per Metric Tonne) |
| 1 | 080280 | Areca Nuts | 8140 (Increased) |
Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates
