Tariff
Value for Gold Down by US$21 per 10 grams
and Silver by US$196 per kg
·
Fixation of Tariff Value of
Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
[Notification
No. 89/2026-Customs (N.T.) dated 30th October 2026]
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)t |
|
1. |
1511
10 00 |
Crude
Palm Oil |
1174 |
|
2. |
1511
90 10 |
RBD
Palm Oil |
1200 |
|
3. |
1511
90 90 |
Others
– Palm Oil |
1187 |
|
4. |
1511
10 00 |
Crude
Palmolein |
1204 |
|
5. |
1511
90 20 |
RBD
Palmolein |
1207 |
|
6. |
1511
90 90 |
Others
– Palmolein |
1206 |
|
7. |
1507
10 00 |
Crude
Soya bean Oil |
1291 |
|
8. |
7404
00 22 |
Brass
Scrap (all grades) |
8242 |
|
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 194 of the
Notification No. 45/2025-Customs dated 24.10.2025 is availed |
1295 per 10
grams |
|
2. |
71 or 98 |
Silver, in any
form, in respect of which the benefit of entries at serial number 195 of the
Notification No. 45/2025-Customs dated 24.10.2025 is availed |
1711 per
kilogram |
|
3. |
71 |
(i) Silver, in any form, other than medallions and silver
coins having silver content not below 99.9% or semimanufactured
forms of silver falling under sub-heading 7106 92; (ii) Medallions
and silver coins having silver content not below 99.9% or semimanufactured
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. |
1711 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. |
1295 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 |
10433 (ie. no change) ” |
2. This notification shall
come into force with effect from the 31st day of October, 2026.
[F. No.
467/01/2026-Cus.V]