FinMin Revises Customs Tariff Values for Crude Palm Oil, Precious Metals and Other Key Imports [Read Notification]
The Finance Ministry has raised tariff values for edible oils, brass scrap, gold, and silver, while reducing the rate for areca nuts
Palm Oil
Palm Oil
The Central Board of Indirect Taxes and Customs (CBIC), under the Ministry of Finance, issued Notification No. 65/2025-Customs (N.T.) dated October 15, 2025, revising the tariff values for imported goods such as edible oils, brass scrap, gold, silver, and areca nuts. The revised rates will come into effect from October 16, 2025.
In comparison, the previous Notification No. 64/2025-Customs (N.T.) dated October 9, 2025, had kept the tariff values largely unchanged from earlier revisions. The latest update introduces an upward revision in tariff values across all major edible oils, including Crude Palm Oil, RBD Palm Oil, Other Palm Oils, Crude Palmolein, RBD Palmolein, Other Palmolein, and Crude Soybean Oil.
This increase reflects firming global market trends and a consistent rise in international edible oil prices. The tariff value for Brass Scrap (all grades) has also been raised moderately, aligning with the upward movement in non-ferrous metal prices.
A huge hike has been recorded in the tariff values of gold and silver, with gold rising from USD 1300 to USD 1327 per 10 grams and silver from USD 1515 to USD 1663 per kilogram, mirroring strengthening global bullion rates.
Comprehensive Guide of Law and Procedure for Filing of Income Tax Appeals, Click Here
In contrast, the tariff value for areca nuts (supari) has been reduced from USD 7463 to USD 7142 per metric tonne, marking the only downward adjustment in this round of revisions
Table 1: Edible Oils and Metals
| Sl. No. | Description | Tariff Value (USD/MT) |
| 1 | Crude Palm Oil | 1123 (increased) |
| 2 | RBD Palm Oil | 1148 (increased) |
| 3 | Others – Palm Oil | 1136 (increased) |
| 4 | Crude Palmolein | 1149 (increased) |
| 5 | RBD Palmolein | 1152 (increased) |
| 6 | Others – Palmolein | 1151 (increased) |
| 7 | Crude Soyabean Oil | 1187 (increased) |
| 8 | Brass Scrap (all grades) | 5889 (increased) |
Table 2: Gold and Silver
| Description | Tariff Value |
| Gold (all forms covered under Notification No. 50/2017-Cus) | USD 1327 per 10 grams (increased) |
| Silver (all forms covered under Notification No. 50/2017-Cus) | USD 1663 per kg (increased) |
| Other forms of gold and silver including coins, medallions | Same rates as above with specific conditions (increased) |
Table 3: Other Commodities
| Description | Tariff Value |
| Areca Nuts | USD 7142 per metric tonne (decreased) |
Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates
