- The CBIC maintained existing tariff values for gold, silver, and edible oils as of March 31, 2026.
- Notification No. 27/2026 reaffirmed previous rates effective from March 20, 2026, without further revisions.
- Gold remains at USD 1568 per 10 grams while silver stays at USD 2820 per kg.
The Central Board of Indirect Taxes and Customs kept tariff values for gold, silver, edible oils and brass scrap unchanged in its latest published customs notifications, with no revised notification for those commodities appearing in available records for March 31, 2026.
The latest measure in force is Notification No. 27/2026-Customs (N.T.), dated March 19, 2026, which took effect on March 20, 2026. It was signed by Kriti Pandey, Under Secretary, and retained the existing tariff values under Section 14(2) of the Customs Act, 1962, amending Notification No. 36/2001-Customs (N.T.).
For importers and traders watching the weekly customs benchmarks, that meant the tariff value for Gold (under Notification No. 45/2025-Customs entry 194) remained at USD 1568 per 10 grams, while Silver (under Notification No. 45/2025-Customs entry 195) stayed at USD 2820 per kg.
The same notification also kept crude palm oil at USD 1112/MT, RBD palm oil at USD 1132/MT, crude palmolein at USD 1138/MT, crude soybean oil at USD 1183/MT and brass scrap at USD 7404/MT.
Those figures matter because CBIC’s Department of Revenue updates tariff values on a regular cycle, either reaffirming earlier rates or making small revisions in response to international prices. In the latest round, the published notification showed no such revisions.
A second March notification pointed in the same direction. Notification No. 25/2026-Customs (N.T.), dated March 13, 2026, took effect on March 14, 2026 and retained the same values that later appeared again in Notification No. 27/2026-Customs (N.T.).
Taken together, the two March measures showed continuity rather than adjustment. For customs brokers, bullion importers and edible oil traders, the absence of a change often carries as much weight as a revision because tariff values feed directly into duty calculations.
Under the March 20 notification, Gold (under Notification No. 45/2025-Customs entry 194) remained fixed at USD 1568 per 10 grams. Silver (under Notification No. 45/2025-Customs entry 195) remained fixed at USD 2820 per kg.
The edible oil benchmarks also held steady. Crude palm oil stayed at USD 1112/MT, RBD palm oil at USD 1132/MT, crude palmolein at USD 1138/MT and crude soybean oil at USD 1183/MT.
Brass scrap, another commodity covered by the same schedule, stayed at USD 7404/MT. No separate adjustment for that item appeared in the March 20 text.
The March 19 notification followed a familiar legal route. CBIC used its authority under Section 14(2) of the Customs Act, 1962, to amend Notification No. 36/2001-Customs (N.T.), the long-running framework through which tariff values for selected imported goods are reset or reaffirmed.
That framework gives customs authorities a standard reference value for notified goods, rather than relying solely on transaction-by-transaction swings. In practice, the weekly notifications can signal either movement in international markets or a decision to leave the valuation benchmarks untouched.
March offered the latter pattern. Notification No. 25/2026-Customs (N.T.), effective March 14, had already retained the same values, and Notification No. 27/2026-Customs (N.T.), effective March 20, repeated them again.
As of March 31, 2026, no CBIC notification for revised tariff values on gold, silver and edible oils effective that date appeared in available records. That left the March 20 values as the latest published benchmarks for those goods.
The back-to-back March notifications came after earlier 2026 orders that showed either minor prior adjustments or no changes. Notification No. 23/2026 took effect on February 25, while Notification No. 22/2026 took effect on February 19.
Those earlier measures showed that the gold tariff value had moved in a band of USD 1624-1652 per 10 grams. Silver, depending on form and exemptions, had ranged from USD 2421-2817 per kg.
That comparison places the current March level for gold below that earlier band at USD 1568 per 10 grams. Silver’s current value at USD 2820 per kg sits near the upper end of the earlier range cited for 2026.
The pattern also reflects the way CBIC handles these notifications: some weeks produce small changes, while others simply restate the existing numbers. The March pair fell into the second category.
For bullion traders, the wording around the entries also matters. The notification ties gold specifically to Gold (under Notification No. 45/2025-Customs entry 194) and silver specifically to Silver (under Notification No. 45/2025-Customs entry 195), preserving the commodity references already used in the customs schedule.
That continuity can help reduce ambiguity for import filings. When a notification repeats the same entry numbers and values, importers can proceed on the basis that the preceding valuation structure remains in force until a new notification changes it.
Edible oil importers saw the same pattern. Crude palm oil, RBD palm oil, crude palmolein and crude soybean oil all remained on the same tariff values from the March 14 effective notification through the March 20 effective notification.
Such repetition is common in CBIC’s weekly cycle. The Department of Revenue issues these updates to mirror international prices when needed, but it also uses the weekly process to confirm that existing tariff values will continue to apply.
That makes each notification a marker for trade compliance even when the numbers do not move. Importers still need to check whether the new order introduces a revision, carries forward the previous values or modifies only some commodities.
In the latest published text, the answer was a carry-forward across the board for the listed goods. No commodity in the March 20 schedule showed a new tariff value compared with the March 14 notification.
The absence of a March 31 revision in available records adds another layer of continuity at the end of the month. Unless CBIC issues a subsequent notification, the last published values remain the operative reference points in the customs series described here.
That is particularly relevant for the two precious metals because their tariff values often draw close attention from dealers and importers. In this case, Gold (under Notification No. 45/2025-Customs entry 194) stayed at USD 1568 per 10 grams and Silver (under Notification No. 45/2025-Customs entry 195) stayed at USD 2820 per kg through the latest available March notification.
The same is true for the edible oils that appear in the notification table. Crude palm oil remained at USD 1112/MT, RBD palm oil at USD 1132/MT, crude palmolein at USD 1138/MT and crude soybean oil at USD 1183/MT.
Brass scrap also remained unchanged at USD 7404/MT. Across the listed goods, March ended with stability in the published tariff values rather than a fresh reset.
Notification No. 27/2026-Customs (N.T.) therefore stands as the latest published customs notification in this sequence, and it does so without changing the tariff benchmarks carried over from Notification No. 25/2026-Customs (N.T.). The document signed by Kriti Pandey on March 19 kept the prevailing values in place from March 20 onward.
CBIC’s weekly notification practice means traders will continue watching for the next update. For now, the published March record shows unchanged tariff values, a repeated schedule across two March notifications, and no later March 31 revision appearing in available records.
