The Ministry of Finance, through the Central Board of Indirect Taxes and Customs, issued a notification on July 15, 2025, amending the tariff values for several imported goods. Effective July 16, 2025, this update revises the previously established values for various commodities. Table-1 now specifies new tariff values in US dollars per metric ton for items such as Crude Palm Oil (US998),RBDPalmOil(US1029), and Crude Soybean Oil (US1102),alongsideBrassScrap(US5690). Table-2 sets the tariff value for gold at US1078per10gramsandsilveratUS1259 per kilogram, covering various forms of these precious metals. Table-3 maintains the tariff value for Areca nuts at US$6970 per metric ton without change. These amendments are part of the ongoing adjustments to customs valuations under the Customs Act, 1962.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
Notification No. 46/2025- Customs (N.T.) | Dated: 15th July, 2025
S.O. 3235(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 | 998 |
| 2 | 1511 90 10 | RBD Palm Oil | 1029 |
| 3 | 1511 90 90 | Others – Palm Oil | 1014 |
| 4 | 1511 10 00 | Crude Palmolein | 1039 |
| 5 | 1511 90 20 | RBD Palmolein | 1042 |
| 6 | 1511 90 90 | Others – Palmolein | 1041 |
| 7 | 1507 10 00 | Crude Soya bean Oil | 1102 |
| 8 | 7404 00 22 | Brass Scrap (all grades) | 5690 |
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 | 1078 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 | 1259 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. |
1259 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. |
1078 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 16th day of July, 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. 44/2025-Customs (N.T.), dated the 30th June 2025 e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 2901 (E), dated 30th June 2025.
