Finance Ministry Updates Customs Tariff Values for Palm Oil, Soya Bean Oil, Gold and Silver, and Areca Nuts [Read Notification]

The Central Board of Indirect Taxes and Customs (CBIC) under the Ministry of Finance issued Notification No. 38/2025-Customs (N.T.), dated May 30, 2025, revising the tariff value tables for various imported goods under the Customs Act, 1962. This notification supersedes Notification No. 33/2025-Customs (N.T.), dated April 30, 2025, and comes into force on May 31, 2025.

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The revised tariff values reflect a notable reduction in rates for crude edible oils, including palm oil and soybean oil, while modest increases have been made to the tariff values of gold and silver, in line with recent movements in global commodity prices. The tariff value for areca nuts remains unchanged.

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	965 (Decreased)
2	1511 90 10	RBD Palm Oil	1018 (Decreased)
3	1511 90 90	Others – Palm Oil	992 (Decreased)
4	1511 10 00	Crude Palmolein	1023 (Decreased)
5	1511 90 20	RBD Palmolein	1026 (Decreased)
6	1511 90 90	Others – Palmolein	1025 (Decreased)
7	1507 10 00	Crude Soybean Oil	1092 (Decreased)
8	7404 00 22	Brass Scrap (All Grades)	5483 (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 Notification No. 50/2017-Customs dated 30.06.2017 is availed	1067 per 10 grams (Increased)
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	1080 per kilogram (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.	1080 per kilogram (Increased)
4	71	(i) Gold bars, other than tola bars, bearing the 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 a hook, clasp, clamp, pin, catch, screw back used to hold the whole or a part of a piece of jewellery in place.	1067 per 10 grams (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	6970 (No Change)

To Read the full text of the Notification CLICK HERE

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