The Central Board of Indirect Taxes and Customs (CBIC), under the Ministry of Finance, has revised the tariff values of specified imported goods, including palm oil, palmolein, crude soybean oil, brass scrap, gold, silver and areca nuts. The revised values under Notification No. 86/2026-Customs (N.T.) will come into effect from 16 October 2026.
The Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue, Ministry of Finance, Government of India, has issued Notification No. 86/2026-Customs (N.T.) dated 15 October 2026, amending the existing Notification No. 36/2001-Customs (N.T.), dated 3 August 2001. The amendment has been made under Section 14(2) of the Customs Act, 1962, to revise the tariff values applicable to specified imported goods. Under this notification, the existing Tables 1, 2 and 3 have been substituted with revised tables specifying tariff values for various commodities.
csnt86-2026.pdf
1. Revised Tariff Values for Edible Oils and Brass Scrap
The notification prescribes the following tariff values for specified goods under Table 1:
|
Description of goods |
Tariff value (US$ per metric tonne) |
|---|---|
|
Crude Palm Oil |
1,223 |
|
RBD Palm Oil |
1,234 |
|
Other Palm Oil |
1,229 |
|
Crude Palmolein |
1,242 |
|
RBD Palmolein |
1,245 |
|
Other Palmolein |
1,244 |
|
Crude Soybean Oil |
1,287 |
|
Brass Scrap (all grades) |
8,247 |
csnt86-2026.pdf
2. Revised Tariff Values for Gold and Silver
Under Table 2, the notification specifies tariff values for certain categories of gold and silver imports.
|
Description of goods |
Tariff value |
|---|---|
|
Gold covered under the specified notification benefit |
US$ 1,316 per 10 grams |
|
Silver covered under the specified notification benefit |
US$ 1,907 per kilogram |
|
Specified silver imports under Chapter 71 |
US$ 1,907 per kilogram |
|
Specified gold bars, gold coins and gold findings |
US$ 1,316 per 10 grams |
The notification also specifies the applicable categories and exclusions. For silver, the provisions address specified silver forms, medallions and coins with a silver content of at least 99.9%, subject to the stated conditions and exclusions. For gold, the provisions cover qualifying gold bars bearing the manufacturer's or refiner's engraved serial number and weight in metric units, as well as qualifying gold coins with a gold content of at least 99.5% and gold findings, subject to the specified exclusions for imports through post, courier or baggage. The notification defines gold findings as small components, such as hooks, clasps, clamps, pins, catches and screw backs, used to hold jewellery together.
csnt86-2026.pdf
3. Revised Tariff Value for Areca Nuts
Under Table 3, the tariff value for areca nuts classified under heading 080280 has been specified at US$ 10,433 per metric tonne.
csnt86-2026.pdf
4. Effective Date of the Notification
The revised tariff values will take effect from 16 October 2026. The notification amends the principal Customs notification dated 3 August 2001, which was last amended by Notification No. 80/2026-Customs (N.T.) dated 30 September 2026. Importers and other stakeholders dealing with the specified commodities should refer to the revised tariff values and applicable conditions when assessing customs valuation requirements.
csnt86-2026.pdf
Notification Details
-
Issuing Authority: Central Board of Indirect Taxes and Customs (CBIC)
-
Ministry: Ministry of Finance, Department of Revenue
-
Notification Number: 86/2026-Customs (N.T.)
-
Date of Issue: 15 October 2026
-
Legal Provision: Section 14(2) of the Customs Act, 1962
-
Effective Date: 16 October 2026