Central Board of Indirect Taxes and Customs (CBIC), through Notification No. 23/2025-Customs (N.T.) dated 8th April 2025, has revised the tariff value notification under the Customs Act, 1962. The update substitutes the existing Tables 1, 2, and 3 of the original Notification No. 36/2001-Customs (N.T.), concerning the fixation of tariff values for specific imported goods. The revised tables confirm that the tariff values for items including edible oils (such as crude palm oil, RBD palm oil, palmolein, and soybean oil), brass scrap, areca nuts, and precious metals (gold and silver in various forms) remain unchanged. For instance, crude palm oil continues at USD 1158 per metric tonne, brass scrap at USD 5698 per metric tonne, areca nuts at USD 8140 per metric tonne, gold at USD 984 per 10 grams, and silver at USD 983 per kilogram. These rates are applicable where certain customs notification benefits are availed. The notification will be effective from 9th April 2025. The revised notification aims to maintain continuity in valuation for customs purposes and aligns with the existing structure under Section 14(2) of the Customs Act.
MINISTRY OF FINANCE
(Department Of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
Notification No. 23/2025-Customs (N.T.) | Dated: 8th April, 2025
S.O. 1668(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 | 1158 (i.e., no change) |
| 2 | 1511 90 10 | RBD Palm Oil | 1160 (i.e., no change) |
| 3 | 1511 90 90 | Others – Palm Oil | 1159 (i.e., no change) |
| 4 | 1511 10 00 | Crude Palmolein | 1174 (i.e., no change) |
| 5 | 1511 90 20 | RBD Palmolein | 1177 (i.e., no change) |
| 6 | 1511 90 90 | Others – Palmolein | 1176 (i.e., no change) |
| 7 | 1507 10 00 | Crude Soya bean Oil | 1064 (i.e., no change) |
| 8 | 7404 00 22 | Brass Scrap (all grades) | 5698 (i.e., no change) |
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 | 984 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 357 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed | 983 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. |
983 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. | 984 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 | 8140 (i.e., no change)” |
2. This notification shall come into force with effect from the 09th day of April, 2025.
[F. No. 467/01/2025-Cus.V]
SANJEET KUMAR, 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. 17/2025-Customs (N.T.), dated the 28th March 2025 e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 1517 (E), dated 28th March 2025.
