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Custom Duty: CBIC Revises Tariff Values for Gold, Silver, Oils & Brass Scrap from 11 Aug 2026
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The notification substitutes Tables 1, 2 and 3 prescribing tariff values for specified goods.
Under Table 1, tariff values remain unchanged for crude palm oil at US$1,211 per metric tonne, RBD palm oil and other palm oil at US$1,212, crude palmolein at US$1,222, RBD palmolein at US$1,225, other palmolein at US$1,224, crude soybean oil at US$1,255 and brass scrap at US$7,639.
Table 2 prescribes tariff values of US$1,395 per 10 grams for specified gold and US$2,076 or US$2,076 per kilogram for specified silver, as applicable.
– 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.
), dated the 31st July 2026, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O.