CBIC / GST13 Aug 2026notificationPrepared by Complied AI

Tariff Value Fixation for Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

CBIC / GST notification 70/2026-CUSTOMS (N.T.) · 13 Aug 2026

Official title

70/2026-Customs (N.T) : Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

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Summary

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What changed

The Central Board of Indirect Taxes and Customs updates the tariff values for specific goods. The affected goods include crude and refined palm oil, crude palmolein, crude soya bean oil, and brass scrap. The update also sets tariff values for gold and silver in various forms and areca nuts. Importers of these goods must use the new tariff values for customs valuation purposes. These values replace the previous tables in the notification dated 3 August 2001. The changes take effect on 15 August 2026.

Who is affected: Importers of edible oils, brass scrap, areca nut, gold, and silver.
Required action: Apply the revised tariff values for customs valuation of the specified goods.
Key dates: Effective date of the notification — 14 Aug 2026
Thresholds: Tariff value for Crude Palm Oil is 1208 US $ per Metric Tonne.
Tariff value for RBD Palm Oil is 1220 US $ per Metric Tonne.
Tariff value for Crude Soya bean Oil is 1257 US $ per Metric Tonne.
Tariff value for Brass Scrap is 7945 US $ per Metric Tonne.

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Source details

Source: Central Board of Indirect Taxes and Customs / GST
Type: notification
Published by source: 13 Aug 2026
Document number: 70/2026-CUSTOMS (N.T.)
Issuing division: Central Board of Indirect Taxes and Customs
Effective date: 14 Aug 2026
Coverage area: indirect-tax

Document text

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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (ii)] Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs

Notification No. 70/2026-CUSTOMS (N.T.)

New Delhi, 14th August, 2026 23 Shravan, 1948 (SAKA)

S.O. … (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	1208
2	1511 90 10	RBD Palm Oil	1220
3	1511 90 90	Others – Palm Oil	1214
4	1511 10 00	Crude Palmolein	1227
5	1511 90 20	RBD Palmolein	1230
6	1511 90 90	Others – Palmolein	1229
7	1507 10 00	Crude Soya bean Oil	1257
8	7404 00 22	Brass Scrap (all grades)	7945

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	1407 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	2097 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.	2097 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.	1407 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	11574 ”

This notification shall come into force with effect from the 15th day of August, 2026.

[F. No. 467/01/2026-Cus.V]

INDRAJIT PANDA, Under Secretary

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. 69/2026-Customs (N.T.), dated the 10th August 2026, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 4432 (E), dated 10th August 2026.

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