Customs Updates Tariff Values: Gold at $927/10g, Palm Oil at $1173/MT Under Section 14(2) of Customs Act

CBIC exercised powers under Section 14(2) of Customs Act 1962 to revise tariff values for specified commodities. New values effective March 1, 2025: Crude Palm Oil at USD 1173/MT, RBD Palm Oil at USD 1189/MT, Brass Scrap at USD 5511/MT. For precious metals, gold tariff value set at USD 927 per 10 grams, silver at USD 1025 per kilogram. Special provisions apply to gold bars with manufacturer's serial numbers and gold coins with 99.5%+ purity. Areca nuts maintain previous value at USD 8140/MT. Amendment modifies earlier notification No. 36/2001-Customs (N.T.) through substitution of revised tariff tables. .....

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