The government has updated tariff tables under customs law but retained existing values for palm oil, gold, silver, and areca nuts. The move ensures continuity without impacting import valuation.
The government has retained existing tariff values for key imports like gold, silver, and edible oils. The update ensures valuation continuity without impacting import costs.
CBIC amends the customs jurisdiction under Notification 21/2022 to redefine areas under the Principal Commissioner of Customs, Visakhapatnam. The update clarifies coverage of ports, SEZs, airports, and multiple districts in Andhra Pradesh.
Through Notification No. 25/2026-Customs (N.T.), CBIC updated tariff values for edible oils, gold, silver, and brass scrap to reflect current price trends and ensure accurate customs duty assessment.
Notification 24/2026 substitutes revised tariff values for palm oil, soya oil, brass scrap, gold and silver under Section 14(2) of the Customs Act, 1962. The update standardizes customs valuation effective 28 February 2026, while retaining areca nut value unchanged.
The notification substitutes revised tariff value tables for edible oils, precious metals and areca nuts. While tables are formally updated, most tariff values remain unchanged, effective 25 February 2026.
The CBIC amended Notification 36/2001 under Section 14(2) of the Customs Act by substituting tariff tables. However, tariff values for gold, silver, palm oil, brass scrap, and areca nuts remain unchanged.
The Ministry of Finance has amended Notification 77/2023 to revise drawback figures for specific tariff items under Chapter 71. The updated rates increase the amounts in column (4), impacting exporters dealing with the specified goods.
The CBIC has revised tariff values for gold, silver, palm oil, soybean oil, brass scrap and areca nuts under Notification No. 20/2026-Customs (N.T.). The updated rates, effective 14 February 2026, impact valuation for customs duty purposes under Section 14 of the Customs Act, 1962.
The notification substitutes tariff value tables but retains existing rates for edible oils, gold, silver, brass scrap, and areca nuts, ensuring valuation stability.
