Notification No. 64/2025-Customs (N.T.), Dated 09-10-2025
1. Introduction
The Government has issued a fresh notification to amend Notification No. 36/2001-Customs (N.T.) dated 03-08-2001. This amendment involves the substitution of TABLE-1, TABLE-2, and TABLE-3 with updated tariff values for specific imported goods. The move aligns with the regular practice of reviewing and updating tariff values to ensure accurate valuation for customs duty purposes.
2. Goods Covered Under the Amendment
The notification specifically covers a list of widely imported commodities such as Crude Palm Oil, RBD Palm Oil, Palmolein, Crude Soya Bean Oil, Brass Scrap, Gold, Silver, Gold Bars, Gold Coins, Gold Findings, and Areca Nuts. These commodities hold significant importance in the import basket of the country and are subject to periodic tariff value revisions to reflect prevailing market conditions.
3. Tariff Values Remain Unchanged
Although the tables have been substituted, the tariff values for all the specified goods remain unchanged from the previous notification. This indicates that the Government has opted for an administrative update rather than revising the tariff rates. Maintaining stability in these tariff values provides predictability and eases compliance for importers dealing in these goods.
4. Effective Date of Implementation
The revised notification will come into effect from 10 October 2025. Importers of the specified goods must ensure compliance with the updated notification structure from this date onwards. The unchanged tariff values imply that no immediate financial impact is expected on existing import consignments.
5. Conclusion
Through this amendment, the Government reinforces its commitment to maintaining transparency and regulatory clarity in customs valuation. While the structure of the tables has been updated, tariff rates remain constant, ensuring no additional duty burden on importers. Stakeholders are advised to stay updated with future notifications that may alter tariff values based on global market fluctuations.
