Gold Imports get Costlier as CBIC Raises Customs Tariff Value by $142 per 10 grams [Read Notifications]
The Customs Tariff Value for Silver, oils, areca nuts, and brass scrap unchanged.
![Gold Imports get Costlier as CBIC Raises Customs Tariff Value by $142 per 10 grams [Read Notifications]](https://images.taxscan.in/h-upload/2026/01/30/2122565-gold-imports-costlier-cbic-customs-tariff-value-grams-taxscan.webp "Gold Imports get Costlier as CBIC Raises Customs Tariff Value by $142 per 10 grams [Read Notifications]")
The Central Board of Indirect Taxes and Customs (CBIC) has released a notification, notifying the increased customs tariff value of gold, now marked at $142 per 10 grams. The new notification dated 29 January 2026 supersedes an earlier notification dated 27 January 2026 by which the rate of silver was increased. In the latest revision of tariff values under Section 14(2) of...
The Central Board of Indirect Taxes and Customs (CBIC) has released a notification, notifying the increased customs tariff value of gold, now marked at $142 per 10 grams.
The new notification dated 29 January 2026 supersedes an earlier notification dated 27 January 2026 by which the rate of silver was increased.
In the latest revision of tariff values under Section 14(2) of the Customs Act, 1962, the CBIC has adjusted reference prices for key imports including precious metals, vegetable oils and metals, in accordance with global price trends.
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The key change via this notification comes for gold, whose tariff value now stands at $ 1,709 per 10 grams, a $142 increase over the previous rate, which was notified just two days earlier in Notification No.09/2026-Customs (N.T.) issued on 27 January 2026.
In contrast, silver continues to retain its tariff value at $ 3,545 per kilogram, and areca nuts continue at $ 7,679 per metric tonne (MT).
Customs Tariff Values on Crude palm oil ($1,075/MT), RBD palm oil ($1,084/MT), crude palmolein ($1,088/MT), RBD palmolein ($1,091/MT), and crude soybean oil ($1,173/MT) also remained unchanged.
Similarly, brass scrap (all grades) continue to hold steady at $7,096 per metric tonne across both notifications.
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 | 1075 (No Change) |
| 2 | 1511 90 10 | RBD Palm Oil | 1084 (No Change) |
| 3 | 1511 90 90 | Others – Palm Oil | 1080 (No Change) |
| 4 | 1511 10 00 | Crude Palmolein | 1088 (No Change) |
| 5 | 1511 90 20 | RBD Palmolein | 1091 (No Change) |
| 6 | 1511 90 90 | Others – Palmolein | 1090 (No Change) |
| 7 | 1507 10 00 | Crude Soybean Oil | 1173 (No Change) |
| 8 | 7404 00 22 | Brass Scrap (all grades) | 7096 (No Change) |
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 194 of the Notification No. 45/2025-Customs dated 24.10.2025 is availed | 1,709 per 10 grams (increased) |
| 2 | 71 or 98 | Silver, in any form, in respect of which the benefit of entries at serial number 195 of the Notification No. 45/2025-Customs dated 24.10.2025 is availed | 3545 per kilogram (No change) |
| 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. | 3545 per kilogram (No change) |
| 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 hook, clasp, clamp, pin, catch, screw back used to hold the whole or a part of a piece of Jewellery in place. | 1,709 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 | 7679 (no change) |
The revised rates notified under the notification dated 29 January 2026 shall take effect from 30 January 2026.
The sharp increase in the gold reference price comes as no surprise, considering the sharp rise in global bullion rates and a weaker dollar index, together leading to a rise in import valuations. The increased rates effectively makes gold imports costlier for jewelers and traders, and shall potentially influence domestic retail prices.
The release of recent revisionary notifications from the Central Board of Indirect Taxes and Customs within short timeframes from each other suggests that the Board has chosen to limit tariff value adjustments only to the most volatile commodities, with the precious metal market being the most relevant.
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