CBIC Notifies Fresh Customs Tariff Values for Edible Oils, Precious Metals and Areca Nuts

The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 49/2026-Customs (N.T.) dated 29 May 2026 revising tariff values for a range of imported commodities under Section 14(2) of the Customs Act, 1962. These revised values will be applied for customs valuation with effect from 30 May 2026.

The notification replaces TABLE-1, TABLE-2 and TABLE-3 of Notification No. 36/2001-Customs (N.T.) dated 3 August 2001. The new tariff values particularly impact:

  • Crude palm oil and refined palm products
  • Crude soybean oil
  • Brass scrap (all grades)
  • Gold and silver in specified forms
  • Areca nuts

This change affects how customs duty will be computed for these goods from the notified effective date, irrespective of actual transaction prices, to the extent covered by Section 14(2).

Authority under Section 14(2)

CBIC has exercised its powers under sub-section (2) of Section 14 of the Customs Act, 1962. This provision allows the Government to fix tariff values for certain imported goods where necessary, instead of relying solely on the transaction value.

Important: Once tariff values are notified under Section 14(2), those values are deemed to be the “assessable value” for customs duty computation for the specified goods, subject to the conditions in the notification.

The latest notification:

  • Amends the long-standing Notification No. 36/2001-Customs (N.T.)
  • Completely substitutes the earlier TABLE-1, TABLE-2 and TABLE-3
  • Provides fresh benchmark values in US dollars for each covered commodity

Background of the Principal Notification

The principal framework for tariff valuation under this scheme continues to be:

  • Notification No. 36/2001-Customs (N.T.) dated 3 August 2001 (S.O. 748 (E))
  • Recently revised earlier through Notification No. 47/2026-Customs (N.T.) dated 19 May 2026 (S.O. 2559 (E))

The new Notification No. 49/2026-Customs (N.T.) represents the latest update in this sequence, further fine-tuning tariff values to reflect global price movements and policy considerations.

Revised Tariff Values – Edible Oils and Brass Scrap (TABLE-1)

Key Changes for Vegetable Oils and Brass Scrap

Under TABLE-1, CBIC has updated tariff values (in US$ per metric tonne) for various edible oils and brass scrap. These values will now be relevant for customs assessments from 30 May 2026.

Note: These tariff values operate as standard reference values for duty computation for the listed tariff items, independent of actual invoice prices, subject to the scheme under Section 14(2).

Summary of New Tariff Values (TABLE-1)

TABLE-1 – Tariff values in US$ per metric tonne

  1. Crude Palm Oil

    • Chapter / Heading / Sub-heading / Tariff item: 1511 10 00
    • Description: Crude Palm Oil
    • Tariff value: 1218 US$ per metric tonne

  2. RBD Palm Oil

    • Chapter / Heading / Sub-heading / Tariff item: 1511 90 10
    • Description: RBD Palm Oil
    • Tariff value: 1222 US$ per metric tonne

  3. Other Palm Oil

    • Chapter / Heading / Sub-heading / Tariff item: 1511 90 90
    • Description: Others – Palm Oil
    • Tariff value: 1220 US$ per metric tonne

  4. Crude Palmolein

    • Chapter / Heading / Sub-heading / Tariff item: 1511 10 00
    • Description: Crude Palmolein
    • Tariff value: 1230 US$ per metric tonne

  5. RBD Palmolein

    • Chapter / Heading / Sub-heading / Tariff item: 1511 90 20
    • Description: RBD Palmolein
    • Tariff value: 1233 US$ per metric tonne

  6. Other Palmolein

    • Chapter / Heading / Sub-heading / Tariff item: 1511 90 90
    • Description: Others – Palmolein
    • Tariff value: 1232 US$ per metric tonne

  7. Crude Soybean Oil

    • Chapter / Heading / Sub-heading / Tariff item: 1507 10 00
    • Description: Crude Soya bean Oil
    • Tariff value: 1244 US$ per metric tonne