The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 34/2025-CUSTOMS (N.T.) dated 15th May 2025, amending the existing tariff values under Notification No. 36/2001-CUSTOMS (N.T.). These revised tariff values, notified under the Customs Act, 1962, are applicable from 16th May 2025. The amendment replaces Tables 1, 2, and 3 of the earlier notification with updated tariff rates.
Table-1 includes revised values for edible oils and brass scrap. For example, crude palm oil is set at USD 987/MT, RBD palmolein at USD 1022/MT, and crude soya bean oil at USD 1070/MT. Brass scrap is now valued at USD 5473/MT.
Table-2 addresses tariff values for gold and silver. Gold, under specific customs benefits, is valued at USD 1028 per 10 grams, while silver is set at USD 1065 per kilogram. These values cover different forms including coins, bars, and semi-manufactured items, with exclusions for imports through post, courier, or baggage.
Table-3 maintains the tariff value for areca nuts at USD 6970/MT, with no changes from the previous rate.
This notification serves to update import valuation benchmarks for key commodities, affecting duties levied at Indian ports. The prior amendment to this notification was made through Notification No. 33/2025-CUSTOMS (N.T.), dated 30th April 2025.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
Notification No. 34/2025-CUSTOMS (N.T.) |Dated: 15th May, 2025
S.O. 2198(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 | 987 |
| 2 | 1511 90 10 | RBD Palm Oil | 1011 |
| 3 | 1511 90 90 | Others – Palm Oil | 999 |
| 4 | 1511 10 00 | Crude Palmolein | 1019 |
| 5 | 1511 90 20 | RBD Palmolein | 1022 |
| 6 | 1511 90 90 | Others – Palmolein | 1021 |
| 7 | 1507 10 00 | Crude Soya bean Oil | 1070 |
| 8 | 7404 00 22 | Brass Scrap (all grades) | 5473 |
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 356 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed | 1028 per 10 grams |
| 2. | 71 or 98 | Silver, in any form, in respect of which the benefit of entries at serial number 357 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed | 1065 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 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. |
1065 per kilogram |
| 4. | 71 | (iii) Gold bars, other than tola bars, bearing manufacturer’s or refiner’s engraved serial number and weight expressed in metric units;(iv) 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. |
1028 per 10 grams |
TABLE-3
| Sl. No. | Chapter/ heading/ sub- eading/tariff item | Description of goods | Tariff value (US $ Per Metric Ton) |
| (1) | (2) | (3) | (4) |
| 1 | 080280 | Areca nuts | 6970 (i.e., no change)” |
2. This notification shall come into force with effect from the 16th day of May, 2025.
[F. No. 467/01/2025-Cus.V]
MEGHA BANSAL, 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. 33/2025-Customs (N.T.), dated the 30th April 2025 e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 1947(E), dated 30th April 2025.
