The Central Board of Indirect Taxes and Customs (CBIC) has issued an amendment to the Customs Act, 1962, via Notification No. 49/2025 – Customs (N.T.), effective from August 1, 2025. This notification updates the tariff values for various imported goods to reflect current market rates. The revised values impact several commodities, including edible oils like crude palm oil, crude palmolein, and crude soybean oil. Specifically, crude palm oil is now valued at $1012 per metric ton, and crude soybean oil is at $1120 per metric ton. The tariff values for precious metals have also been revised, with gold set at $1063 per 10 grams and silver at $1224 per kilogram. Additionally, the new rates apply to brass scrap ($5591 per metric ton) and areca nuts ($6970 per metric ton). These changes are part of a periodic review to ensure that customs duties are calculated based on accurate and current valuations of imported goods. This notification supersedes the previous tariff values outlined in Notification No. 46/2025-Customs (N.T.), dated July 15, 2025.
MINISTRY OF FINANCE
(Department Of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
Notification No. 49/2025 – Customs (N.T.) | Dated: 31st July, 2025
S.O. 3540(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 | 1012 |
| 2 | 1511 90 10 | RBD Palm Oil | 1035 |
| 3 | 1511 90 90 | Others – Palm Oil | 1024 |
| 4 | 1511 10 00 | Crude Palmolein | 1041 |
| 5 | 1511 90 20 | RBD Palmolein | 1044 |
| 6 | 1511 90 90 | Others – Palmolein | 1043 |
| 7 | 1507 10 00 | Crude Soya bean Oil | 1120 |
| 8 | 7404 00 22 | Brass Scrap (all grades) | 5591 |
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 |
1063 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 |
1224 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. |
1224 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. |
1063 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 | 6970 (i.e., no change)” |
2. This notification shall come into force with effect from the 01st day of August, 2025.
[F. No. 467/01/2025-Cus.V]
DHEERAJ SHARMA, 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. 46/2025-Customs (N.T.), dated the 15th July 2025 e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 3235(E), dated 15th July 2025.
