FinMin Revises Customs Tariff Values for Edible Oils, Gold, and Silver
The Finance Ministry has revised tariff values, slightly reducing rates for edible oils and precious metals while increasing the value for brass scrap and keeping areca nuts unchanged
Customs Tariff, FinMin, Silver, Gold, Silver, FinMin
Customs Tariff, FinMin, Silver, Gold, Silver, FinMin
The Central Board of Indirect Taxes and Customs ( CBIC ), under the Ministry of Finance, issued Notification No. 72/2025-Customs (N.T.) dated October 31, 2025, revising the tariff values of key imported goods such as edible oils, brass scrap, gold, silver, and areca nuts.
The revised rates take effect from November 1, 2025, under Section 14(2) of the Customs Act, 1962.
Compared to the earlier Notification No. 65/2025-Customs (N.T.) dated October 15, 2025, which had sharply increased tariff values, the latest update introduces slight reductions in most edible oils and precious metals in response to softening global prices. The tariff value for crude palm oil is now USD 1113 per metric tonne, and RBD palm oil stands at USD 1142, while crude soybean oil remains unchanged at USD 1187.
In the bullion segment, gold has been reduced to USD 1285 per 10 grams and silver to USD 1556 per kilogram, reflecting cooling international prices. The tariff value for brass scrap has been increased to USD 6096 per metric tonne, while areca nuts remain steady at USD 7142 per metric tonne.
1. Edible Oils and Metals (Table 1)
| Commodity | Tariff Value (USD / MT) | Change from Last Amendment |
| Crude Palm Oil | 1113 | ↓ 1123 |
| RBD Palm Oil | 1142 | ↓ 1148 |
| Other Palm Oils | 1128 | ↓ 1136 |
| Crude Palmolein | 1145 | ↓ 1149 |
| RBD Palmolein | 1148 | ↓ 1152 |
| Other Palmolein | 1147 | ↓ 1151 |
| Crude Soybean Oil | 1187 | No change |
| Brass Scrap (all grades) | 6096 | ↑ 5889 |
2. Gold and Silver (Table 2)
| Commodity | Tariff Value | Change from Last Amendment |
| Gold (any form under Notif. 45/2025-Cus) | USD 1285 per 10 grams | ↓1327 |
| Silver (any form under Notif. 45/2025-Cus) | USD 1556 per kg | ↓ 1663 |
| Gold bars / coins (≥ 99.5 % purity) | USD 1285 per 10 grams | ↓1327 |
| Silver medallions / coins (≥ 99.9 % purity) | USD 1556 per kg | ↓ 1663 |
3. Other Commodities (Table 3)
| Commodity | Tariff Value (USD / MT) |
| Areca Nuts (Supari) | 7142 (No change) |
Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates
