Tariff
Value for Gold Import Up by US$56 per 10 grams and Silver by US$151 per Kg for Customs Valuation
[Notification
No. 60/2025-Customs (N.T.) dated 30 September, 2025]
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 |
1108 |
||
|
2 |
1511
90 10 |
RBD
Palm Oil |
1132 |
||
|
3 |
1511
90 90 |
Others
– Palm Oil |
1120 |
||
|
4 |
1511
10 00 |
Crude
Palmolein |
1141 |
||
|
5 |
1511
90 20 |
RBD
Palmolein |
1144 |
||
|
6 |
1511
90 90 |
Others
– Palmolein |
1143 |
||
|
7 |
1507
10 00 |
Crude
Soya bean Oil |
1181 |
||
|
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 |
1231
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 |
1515
per kilogram (i.e., no change) |
||
|
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. |
1515
per kilogram (i.e., no change) |
||
|
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. |
1231 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 |
7463 (i.e., no change) |
||
2. This
notification shall come into force with effect from the 01st day of
October, 2025.
[F. No.
467/01/2025-Cus.V]