Finance Ministry Updates Customs Tariff Values for Palm Oil, Soya Bean Oil, Gold and Silver, and Areca Nuts [Read Notification]
CBIC revises customs tariff values for edible oils, metals, and brass scrap effective 1 July 2025, with increases for oils and scrap and decreases for gold and silver.
![Finance Ministry Updates Customs Tariff Values for Palm Oil, Soya Bean Oil, Gold and Silver, and Areca Nuts [Read Notification]](https://images.taxscan.in/h-upload/2025/07/01/2057504-finance-ministry-revised-customs-tariff-values-customs-tariff-values-for-palm-oil-taxscan.webp "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, has issued Notification No. 44/2025-Customs (N.T.), dated June 30, 2025, updating the customs tariff value tables under Section 14(2) of the Customs Act, 1962. The new rates are effective from July 1, 2025.Know Practical Aspects of Tax Planning, Click Here This notification replaces Notification...
The Central Board of Indirect Taxes and Customs (CBIC), under the Ministry of Finance, has issued Notification No. 44/2025-Customs (N.T.), dated June 30, 2025, updating the customs tariff value tables under Section 14(2) of the Customs Act, 1962. The new rates are effective from July 1, 2025.
Know Practical Aspects of Tax Planning, Click Here
This notification replaces Notification No. 43/2025-Customs (N.T.), dated June 13, 2025, and revises tariff values for several key commodities, including edible oils, brass scrap, and precious metals.
Key Highlights
- Tariff values for crude palm oil, RBD palm oil, crude palmolein, RBD palmolein, crude soybean oil, and brass scrap have been increased in this update.
- Tariff values for gold and silver have been reduced, reversing the increase seen in the previous notification.
- Tariff value for areca nuts remains unchanged at USD 6970 per metric tonne.
Table 1: Tariff Value (USD per Metric Tonne)
| S.No | Description | New Tariff Value |
| 1 | Crude Palm Oil | 1006 (increase) |
| 2 | RBD Palm Oil | 1032 (increase) |
| 3 | Other Palm Oil | 1019 (increase) |
| 4 | Crude Palmolein | 1044 (increase) |
| 5 | RBD Palmolein | 1047 (increase) |
| 6 | Other Palmolein | 1046 (increase) |
| 7 | Crude Soybean Oil | 1095 (increase) |
| 8 | Brass Scrap (all grades) | 5563 (increase) |
Table 2: Tariff Value for Precious Metals
| S.No | Description | New Tariff Value |
| 1 | Gold (any form under benefit) (per 10 grams) | 1054 (decrease) |
| 2 | Silver (any form under benefit) (per kg) | 1164 (decrease) |
| 3 | Silver (purity ≥ 99.9% etc.) (per kg) | 1164 (decrease) |
| 4 | Gold bars, gold coins, gold findings (per 10 grams) | 1054 (decrease) |
Table 3: Tariff Value for Areca Nuts
| S.No | Description | New Tariff Value |
| 1 | Areca Nuts (Supari) | 6970 (no change) |
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