Summary: The Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue, Ministry of Finance, has issued Notification No. 72/2026-Customs (N.T.) dated 31st August, 2026 under sub-section (2) of section 14 of the Customs Act, 1962. The notification amends Notification No. 36/2001-Customs (N.T.) dated 3rd August, 2001 by substituting TABLE-1, TABLE-2 and TABLE-3 containing prescribed tariff values for specified imported goods. TaxGuru has previously published the principal Notification No. 36/2001-Customs (N.T.) dated the 3rd August, 2001.
The revised TABLE-1 covers crude palm oil, RBD palm oil, other palm oil, crude palmolein, RBD palmolein, other palmolein, crude soya bean oil and brass scrap (all grades). The tariff values prescribed are US $1,214 per metric tonne for crude palm oil, US $1,227 for RBD palm oil, US $1,221 for other palm oil, US $1,235 for crude palmolein, US $1,238 for RBD palmolein, US $1,237 for other palmolein, US $1,262 for crude soya bean oil and US $8,162 for brass scrap.
TABLE-2 prescribes tariff values for specified gold and silver imports. For gold in any form where the benefit of serial number 194 of Notification No. 45/2025 – Customs dated 24th October, 2025 is availed, the tariff value is US $1,468 per 10 grams. For silver in any form where the benefit of serial number 195 of that notification is availed, the tariff value is US $2,267 per kilogram, stated in the supplied notification as “no change”.
TABLE-2 further prescribes US $2,267 per kilogram for specified silver in any form covered by entry 3, subject to the exclusions and explanation stated in the notification, and US $1,468 per 10 grams for specified gold bars, gold coins and gold findings covered by entry 4, again subject to the stated exclusions. The notification defines “gold findings” for this entry as a small component such as a hook, clasp, clamp, pin, catch or screw back used to hold the whole or a part of a piece of jewellery in place.
TABLE-3 retains the tariff value for areca nuts at US $11,574 per metric ton, expressly stating “i.e., no change”. The notification therefore makes changes to the specified tariff values in TABLE-1 and the gold component of TABLE-2, while the specified silver and areca-nut values expressly remain unchanged in the entries where “no change” is stated.
The notification is issued under section 14(2) of the Customs Act, 1962, under which the Board may fix tariff values for specified goods. TaxGuru’s explanatory material on Customs Act, 1962 valuation and tariff values explains the tariff-value framework under section 14(2).
The amendment takes effect from the 1st day of September, 2026. The supplied note records that Notification No. 36/2001-Customs (N.T.) was last amended by Notification No. 71/2026-Customs (N.T.) dated 25th August, 2026. The present notification accordingly forms the next stated amendment to the principal notification, with the revised tables applicable from 1st September, 2026.
Practically, the prescribed tariff values are the notified customs valuation benchmarks for the specified goods covered by the respective entries. Importers dealing in the listed edible oils, brass scrap, specified gold and silver goods and areca nuts should refer to the applicable tariff value from 1st September, 2026 when determining customs assessment in accordance with the statutory framework. The notification itself does not state any separate transitional provision.
Government of India
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes and Customs
Notification No. 72/2026-Customs (N.T.) | Dated: 31st August, 2026
S.O. … (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 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3rd 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 | 1214 |
| 2 | 1511 90 10 | RBD Palm Oil | 1227 |
| 3 | 1511 90 90 | Others – Palm Oil | 1221 |
| 4 | 1511 10 00 | Crude Palmolein | 1235 |
| 5 | 1511 90 20 | RBD Palmolein | 1238 |
| 6 | 1511 90 90 | Others – Palmolein | 1237 |
| 7 | 1507 10 00 | Crude Soya bean Oil | 1262 |
| 8 | 7404 00 22 | Brass Scrap (all grades) | 8162 |
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 | 1468 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 | 2267 per kilogram (i.e., no change) |
| 3. | 71 | (i) Silver, in any form, other than medallions and silver coins having silvercontent 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. |
2267 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;
(ii) 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. |
1468 per 10 grams |
TABLE-3
| Sl. No. | Chapter/ heading/ sub-heading/tariff item |
Description of goods | Tariff value (US $ Per Metric Ton) |
| (1) | (2) | (3) | (4) |
| 1 | 080280 | Areca nuts | 11574 (i.e., no change)” |
2. This notification shall come into force with effect from the 1st day of September, 2026.
[F. No. 467/01/2026-Cus.V]
INDRAJIT PANDA, Under Secretary
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. O. 748 (E), dated the 3rd August, 2001 and was last amended vide Notification No. 71/2026-Customs (N.T.), dated the 25th August 2026, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 4720 (E), dated 25th August 2026.
