Notification No. 49/2026-Customs (N.T.), Dated 29-05-2026
The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification amending Notification No. 36/2001-Customs (N.T.) dated 03-08-2001, revising the tariff values applicable to specified imported goods for customs valuation purposes.
The revised tariff values shall come into force from 30-05-2026.
1. Tariff Values Revised for Specified Edible Oils
The notification revises tariff values applicable to specified edible oils by substituting the existing tariff value table.
The revised tariff values for edible oils range between:
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- US$ 1,218 per metric tonne, and
- US$ 1,244 per metric tonne
The revised values will be used for determining customs duty liability on imports of the specified edible oils.
2. Tariff Value Fixed for Brass Scrap
The Government has fixed the tariff value of Brass Scrap at:
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- US$ 7,655 per metric tonne
This value shall be adopted for customs valuation of imported brass scrap covered by the notification.
3. Revised Tariff Value for Silver Imports
The notification also revises the tariff value applicable to specified imports of silver.
The tariff value has been fixed at:
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- US$ 2,368 per kilogram
The revised value will be used for customs assessment of covered silver imports.
4. Tariff Values for Gold Remain Unchanged
The notification clarifies that tariff values applicable to certain categories of gold imports remain unchanged.
Accordingly, customs valuation of such gold imports shall continue to be based on the existing notified tariff values.
5. Tariff Value for Areca Nuts Retained
The Government has also retained the existing tariff value applicable to Areca Nuts.
No revision has been made with respect to the customs valuation of areca nut imports.
6. Effective Date of Revision
The revised tariff values shall come into force on 30-05-2026 and shall apply to the customs valuation of the specified imported goods from that date onwards.
7. Objective of the Notification
The revision seeks to align tariff values with prevailing international market conditions and facilitate appropriate customs valuation of imported commodities.
Periodic revision of tariff values helps ensure accurate assessment of customs duties and promotes consistency in valuation of sensitive imported goods such as edible oils, precious metals and scrap materials.
