The Central Board of Indirect Taxes and Customs (CBIC), through Notification No. 49/2026-Customs (N.T.) dated 29 May 2026, has revised tariff values for specified imported goods under Section 14(2) of the Customs Act, 1962, effective from 30 May 2026. The notification substitutes Tables 1, 2, and 3 of Notification No. 36/2001-Customs (N.T.). Revised tariff values have been prescribed for crude palm oil, RBD palm oil, palmolein, crude soybean oil, and brass scrap, reflecting changes in benchmark values used for customs duty assessment. The tariff value of crude palm oil has been fixed at US$ 1218 per metric tonne, while crude soybean oil has been set at US$ 1244 per metric tonne. Gold tariff value remains unchanged at US$ 1423 per 10 grams, whereas silver tariff value has been fixed at US$ 2368 per kilogram. The tariff value for areca nuts also remains unchanged at US$ 9155 per metric tonne. The revised values will govern customs valuation from 30 May 2026 onward.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
Notification No. 49/2026-Customs (N.T.) | Dated: 29th May, 2026
S.O.2708(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 | 1218 |
| 2 | 1511 90 10 | RBD Palm Oil | 1222 |
| 3 | 1511 90 90 | Others – Palm Oil | 1220 |
| 4 | 1511 10 00 | Crude Palmolein | 1230 |
| 5 | 1511 90 20 | RBD Palmolein | 1233 |
| 6 | 1511 90 90 | Others – Palmolein | 1232 |
| 7 | 1507 10 00 | Crude Soya bean Oil | 1244 |
| 8 | 7404 00 22 | Brass Scrap (all grades) | 7655 |
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 | 1423 per 10 grams (i.e., no change) |
| 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 | 2368 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. |
2368 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. |
1423 per 10 grams (i.e., no change) |
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 | 9155 (i.e., no change)” |
2. This notification shall come into force with effect from the 30th day of May, 2026.
[F. No. 467/01/2026-Cus.V]
KRITI PANDEY,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. 47/2026-Customs (N.T.), dated the 19th May 2026 e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 2559 (E), dated 19th May 2026.
