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Dated: 17.02.2025
Tariff Value Updates for Essential Commodities by Customs Department
The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 10/2025-CUSTOMS (N.T.), revising the tariff values for imported goods, including crude palm oil, soya bean oil, brass scrap, gold, silver, and areca nuts. This amendment, which comes into effect on 15th February 2025, replaces previous tariff values set under Notification No. 36/2001-Customs (N.T.).
Key Highlights of Notification No. 10/2025-CUSTOMS (N.T.)
1. Tariff Value Updates for Essential Commodities
The revised tariff values (in US dollars per metric tonne unless specified) are as follows:
| Category | Tariff Value (US$) β Notification No. 10/2025 |
| Crude Palm Oil | 1111 |
| RBD Palm Oil | 1147 |
| Others β Palm Oil | 1129 |
| Crude Palmolein | 1155 |
| RBD Palmolein | 1158 |
| Others – Palmolein | 1157 |
| Crude Soya Bean Oil | 1082 |
| Brass Scrap (all grades) | 5244 |
| Gold (99.5% purity and above) | 938 per 10 grams |
| Silver (99.9% purity and above) | 1043 per kg |
| Areca Nuts | 8140 |
2. Impact on the Import Sector
- Customs Compliance: Importers must align their customs declarations and duty calculations with the updated tariff values.
- Price Adjustments: Businesses dealing in gold, silver, edible oils, and metals may adjust their pricing strategies based on these updates.
- Market Stability: The revised rates are expected to help in maintaining market competitiveness and ensuring price stability in the commodities sector.
3. Legal and Regulatory Compliance
- This notification is issued under Section 14(2) of the Customs Act, 1962, empowering the CBIC to revise tariff values periodically.
- It supersedes Notification No. 36/2001-Customs (N.T.) and its last amendment Notification No. 06/2025-Customs (N.T.), dated 31st January 2025.
- The effective date for compliance is 15th February 2025.
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Source: CBIC, Ministry of Finance, Government of India
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