โIndirect Tax I Indirect Tax Litigation I Customs & FTP I Central Licensing I Arbitration I Advisoryโ
Dated: 01.04.2025
CBIC Updates Tariff Values via Notification No. 17/2025-Customs (N.T.)
The Central Board of Indirect Taxes and Customs (CBIC), under the Ministry of Finance, has issued Notification No. 17/2025-Customs (N.T.), dated 28th March 2025, revising tariff values of several essential commodities including edible oils, precious metals, and brass scrap. These revised values will come into effect from 29th March 2025.
Revised Tariff Values โ Highlights:
Table-1: Edible Oils & Brass Scrap (USD/MT)
| Sl. No. | Commodity | Tariff Value (USD/MT) |
| 1 | Crude Palm Oil | 1158 |
| 2 | RBD Palm Oil | 1160 |
| 3 | Other Palm Oils | 1159 |
| 4 | Crude Palmolein | 1174 |
| 5 | RBD Palmolein | 1177 |
| 6 | Other Palmolein | 1176 |
| 7 | Crude Soyabean Oil | 1064 |
| 8 | Brass Scrap (all grades) | 5698 |
Table-2: Gold & Silver (USD)
| Sl. No. | Commodity Description | Tariff Value |
| 1 | Gold (with benefit under Notif. 50/2017-Cus) | 984 per 10 grams |
| 2 | Silver (with benefit under Notif. 50/2017-Cus) | 1102 per kilogram |
| 3 | Silver, incl. medallions & semi-manufactured silver forms | 1102 per kilogram |
| 4 | Gold bars, coins, and findings (non-post/courier imports) | 984 per 10 grams |
Table-3: Areca Nuts
| Sl. No. | Commodity | Tariff Value (USD/MT) |
| 1 | Areca Nuts | 8140 |
Effective Date:
The revised tariff values come into force from 29th March 2025.
Impact:
- Helps customs authorities standardize valuation and minimize disputes.
- Ensures fair market valuation for sensitive imports like gold, silver, edible oils, and brass scrap.
- Maintains compliance with global pricing trends and prevents under-invoicing.
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Source: CBIC, Ministry of Finance, Govt. of India
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