The Central Board of Indirect Taxes and Customs issued Notification No. 32/2026-Customs (N.T.) dated March 30, 2026, amending tariff values for specified imported goods under Section 14(2) of the Customs Act, 1962. The notification substitutes updated tariff values for commodities including crude and refined palm oil, palmolein, crude soybean oil, brass scrap, gold, silver, and areca nuts. Revised benchmark values include gold at USD 1450 per 10 grams, silver at USD 2201 per kilogram, and varying rates for edible oils and brass scrap, while the tariff value of areca nuts remains unchanged. These tariff values serve as the basis for customs duty calculation, ensuring alignment with prevailing international prices. The changes aim to standardize valuation, prevent under-invoicing, and maintain revenue accuracy. The notification comes into effect from March 31, 2026, continuing periodic revisions under the existing valuation framework.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
Notification No. 32/2026- Customs (N.T.) | Dated: 30th March, 2026
S.O. 1660(E).— In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3′ August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. 0. 748 (E), dated the 3′ August, 2001, namely:-
In the said notification, for TABLE-1, TABLE-2, and TABLE-3 the following Tables shall be substituted, namely: –
“TABLE-1
| Sl. No. | Chapter/ heading/ sub- heading/tariff item |
Description of goods | Tariff value
(US $Per Metric Tonne) |
| (1) | (2) | (3) | (4) |
| 1 | 1511 10 00 | Crude Palm Oil | 1141 |
| 2 | 1511 90 10 | RBD Palm Oil | 1162 |
| 3 | 1511 90 90 | Others — Palm Oil | 1152 |
| 4 | 1511 10 00 | Crude Palmolein | 1167 |
| 5 | 1511 90 20 | RBD Palmolein | 1170 |
| 6 | 1511 90 90 | Others — Palmolein | 1169 |
| 7 | 1507 10 00 | Crude Soya bean Oil | 1224 |
| 8 | 7404 00 22 | Brass Scrap (all grades) | 7117 |
TABLE-2
| Sl. No. | Chapter/ heading/ sub- heading/tariff item | Description of goods | Tariff value (US $) |
| (1) | (2) | (3) | (4) |
| 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 | 1450 per 10 grams |
| 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 | 2201 per kilogram |
| 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. |
2201 per kilogram |
| 4. | 71 | (i) Gold bars, other than tola bars, bearing manufacturer’s or refiner’s engraved serial number and weight expressed in metric units;(iii) 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. |
1450 per 10 grams |
TABLE-3
| SI. No. | Chapter/ heading/ sub- heading/tariff item | Description of goods | Tariff value (US $ Per Metric Ton) |
| (1) | (2) | (3) | (4) |
| 1 | 080280 | Areca nuts | 7020 (i.e., no change)“ |
2. This notification shall come into force with effect from the 31st day of March, 2026.
[F. No. 467/01/2026-Cus.V]
INDRAJIT PANDA, Under Secy.
Note: – The principal notification was published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide Notification No. 36/2001—Customs (N.T.), dated the 3rd August, 2001, vide number S. 0. 748 (E), dated the 3rd August, 2001 and was last amended vide Notification No. 28/2026-Customs (N.T.), dated the 20th March 2026 e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 1479 (E), dated 20th March 2026.
