Summary: The Central Board of Indirect Taxes and Customs (CBIC), Ministry of Finance, has issued Notification No. 86/2026-Customs (N.T.) dated 15 October 2026, revising the tariff values applicable to specified imported commodities with effect from 16 October 2026. Issued under Section 14(2) of the Customs Act, 1962, the notification further amends Notification No. 36/2001-Customs (N.T.) dated 3 August 2001 by substituting Tables 1, 2 and 3. These tables prescribe tariff values for specified edible oils, brass scrap, gold, silver and areca nuts for customs valuation purposes. The notification replaces the prescribed values without separately setting out the immediately preceding figures.
Under Table 1, the revised tariff values are US$1,223 per metric tonne for crude palm oil, US$1,234 for RBD palm oil, US$1,229 for other palm oil, US$1,242 for crude palmolein, US$1,245 for RBD palmolein, US$1,244 for other palmolein, US$1,287 for crude soya bean oil and US$8,247 for brass scrap of all grades. Table 2 specifies a tariff value of US$1,316 per 10 grams for the listed categories of gold and US$1,907 per kilogram for the listed categories of silver, subject to the descriptions and import conditions stated in the Schedule. Table 3 fixes the tariff value of areca nuts under tariff item 080280 at US$10,433 per metric tonne.
The revised tariff values are relevant to importers, customs brokers, valuation professionals and businesses dealing in the specified commodities. Importers must identify the correct tariff heading, product description and applicable conditions before applying the notified values. The notification also refers to the customs exemption benefits under Notification No. 45/2025-Customs dated 24 October 2025 for specified gold and silver entries. Its explanatory note records that the principal tariff-value notification was last amended by Notification No. 80/2026-Customs (N.T.) dated 30 September 2026. The revised values apply from 16 October 2026, as expressly provided in the notification.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
Notification No. 86/2026-Customs (N.T.) | Dated: 15th October, 2026
S.O. 5658(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 | 1223 |
| 2 | 1511 90 10 | RBD Palm Oil | 1234 |
| 3 | 1511 90 90 | Others – Palm Oil | 1229 |
| 4 | 1511 10 00 | Crude Palmolein | 1242 |
| 5 | 1511 90 20 | RBD Palmolein | 1245 |
| 6 | 1511 90 90 | Others – Palmolein | 1244 |
| 7 | 1507 10 00 | Crude Soya bean Oil | 1287 |
| 8 | 7404 00 22 | Brass Scrap (all grades) | 8247 |
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 | 1316 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 | 1907 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. |
1907 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. |
1316 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 | 10433 ” |
2. This notification shall come into force with effect from the 16th day of October, 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. O. 748 (E), dated the 3rd August, 2001 and was last amended vide Notification No. 80/2026-Customs (N.T.), dated the 30th September 2026, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 5391 (E), dated 30th September 2026.
