Revised Custom Tariff Values for Gold, Silver &

When reading Revised Custom Tariff Values for Gold, Silver &, the important part is to keep the core facts intact while presenting the context in a clearer way for readers.

What This Update Means

Readers should treat this as a tax and compliance update, not as personal advice.

Key Reader Takeaways

• CBIC updated tariff values for key commodities including oils, gold, and silver.
• The revision ensures accurate customs valuation aligned with current market prices….
• The Central Board of Indirect Taxes and Customs issued Notification No.
• 42/2026-Customs (N.T.) under Section 14(2) of the Customs Act, 1962 to revise tariff values for specified imported goods.

LAMORC DIGITAL Context

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The Central Board of Indirect Taxes and Customs issued Notification No. 42/2026-Customs (N.T.) under Section 14(2) of the Customs Act, 1962 to revise tariff values for specified imported goods. The amendment substitutes Tables 1, 2, and 3 of Notification No. 36/2001-Customs (N.T.), updating tariff values for items such as crude and refined palm oil, palmolein, soybean oil, brass scrap, gold, silver, and areca nuts. Tariff values for gold and silver are prescribed per specified units, while edible oils and scrap metals are assigned values per metric tonne. The notification ensures uniform valuation for customs purposes and reflects prevailing international price trends. It will come into force from May 1, 2026. The revision aims to standardize assessable values for duty calculation and maintain consistency in import valuation mechanisms under customs law.

Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs

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 3 rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3 rd August, 2001, namely:-

In the said notification, for TABLE-1, TABLE-2, and TABLE-3 the following Tables shall be substituted, namely: –

(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. 1456 per 10 grams TABLE-3

2. This notification shall come into force with effect from the 1 st day of May, 2026.

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

(Indrajit Panda) Under Secretary to the Govt. of India

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 3 rd August, 2001 and was last amended vide Notification No. 37/2026-Customs (N.T.), dated the 15 th April 2026 e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 1921 (E), dated 15 th April 2026.

Readers should treat this as a tax and compliance update, not as personal advice.

This article is for general information based on available source information. It should not be considered legal, tax, investment, or financial advice.