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. 17/2025-Customs (N.T.), dated March 28, 2025, updating the tariff values for imported goods such as edible oils, brass scrap, gold, silver, and areca nuts. These revised rates will come into effect from March 29, 2025.

The tariff values for all major edible oils have been reduced, continuing the trend from the previous update. These include Crude Palm Oil, RBD Palm Oil, Other Palm Oils, Crude Palmolein, RBD Palmolein, and Other Palmolein. The tariff value for Crude Soybean Oil has also come down.

E-Filing Mistakes Can Be Costly! Avoid penalties now - Click Here

Interestingly, Brass Scrap (all grades), which had seen a drop in the last notification, has now seen a slight increase in its tariff value.

On the other hand, tariff values for gold and silver have increased across all categories, reversing the decrease seen in the previous update. The tariff value for areca nuts remains unchanged at $8140 per metric tonne.

E-Filing Mistakes Can Be Costly! Avoid penalties now - Click Here

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	1158 (Decreased)
2	1511 90 10	RBD Palm Oil	1160 (Decreased)
3	1511 90 90	Others – Palm Oil	1159 (Decreased)
4	1511 10 00	Crude Palmolein	1174 (Decreased)
5	1511 90 20	RBD Palmolein	1177 (Decreased)
6	1511 90 90	Others – Palmolein	1176 (Decreased)
7	1507 10 00	Crude Soybean Oil	1064 (Decreased)
8	7404 00 22	Brass Scrap (all grades)	5698 (Increased)

E-Filing Mistakes Can Be Costly! Avoid penalties now - Click Here

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	984 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	1102 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.	1102 per kilogram (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 a hook, clasp, clamp, pin, catch, screw back used to hold the whole or a part of a piece of jewellery in place.	984 per 10 grams (Increased)

E-Filing Mistakes Can Be Costly! Avoid penalties now - Click Here

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 (No Change)

To Read the full text of the Notification CLICK HERE

Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates