(INDIA) — The Central Board of Indirect Taxes and Customs issued Notification No. 22/2026–Customs (N.T.) dated 18 February 2026 amending tariff values for gold, silver, edible oils and other commodities, with the revised values effective 19 February 2026.
The notification sets out tariff values that importers and traders use for customs valuation and duty calculations, and it also indicates that several widely traded items remain at the same levels as in the previous rates.
Among the tariff values maintained in the revised notification, gold is set at US $1,624 per 10 grams under specified conditions covering gold bars, gold coins and gold findings.
Silver’s tariff value remains US $2,421 per kilogram, under specified conditions in the notification.
Areca nuts continue to carry a tariff value of US $7,020 per metric tonne, the notification showed.
CBIC also specified tariff values for edible oils and other commodities that importers regularly track, including crude palm oil, RBD palm oil, palmolein and crude soybean oil, while indicating that these values remain unchanged from the previous rates.
Brass scrap also appears among the commodities whose tariff values the notification specifies, while leaving the rate unchanged, it said.
The revisions were issued through an amendment to Notification No. 36/2001–Customs (N.T.) under Section 14(2) of the Customs Act, 1962, using a format that updates the tariff value tables tied to those notified reference values.
CBIC made the change by substituting Table-1, Table-2 and Table-3 relating to tariff values, a step that updates the notified schedule without altering the broader legal framework of the underlying notification.
Indrajit Panda, Under Secretary to the Government of India, issued the amendment, according to the notification.
For importers dealing in gold, the notification keeps the US $1,624 per 10 grams tariff value tied to detailed product descriptions rather than a single undifferentiated category, linking the figure to gold bars bearing a manufacturer’s or refiner’s engraved serial number and weight expressed in metric units.
Gold coins remain covered by the same tariff value when the gold content is not below 99.5%, as set out in the notification.
Gold findings also remain within the same notified value for gold in the updated tariff value schedule.
Silver stays at US $2,421 per kilogram, with the notification maintaining it under specified conditions rather than presenting it as an unconditional benchmark for every possible form of the metal.
Areca nuts, a commodity whose notified value can factor into landed-cost calculations, retain the tariff value of US $7,020 per metric tonne under the updated schedule.
For edible oils, the notification again lists crude palm oil, RBD palm oil, palmolein and crude soybean oil among the items covered by notified tariff values, while keeping those values unchanged from earlier rates.
CBIC’s decision to leave several of these tariff values unchanged signals stability in those segments covered by the notification, even as it formally amends the tables through Notification No. 22/2026–Customs (N.T.).
The effective date of 19 February 2026 is a compliance marker for businesses that align documentation and duty computation with notified tariff values under the customs framework.
The amendment sits within a long-running notification series. The principal notification that CBIC amended was originally issued on 3 August 2001.
Before this latest revision, the notification was last amended on 13 February 2026, according to the details included with the updated measure.
Notification No. 22/2026–Customs (N.T.) continues the practice of using periodic table substitutions to maintain the tariff values applied to specific commodities, rather than rewriting the full underlying notification each time.
By anchoring the changes in a formal amendment to Notification No. 36/2001–Customs (N.T.), CBIC kept the legal reference point consistent while updating the tariff value tables that traders consult for covered products.
The notification’s language makes clear that the schedule is not limited to precious metals, placing edible oils and brass scrap alongside gold, silver and areca nuts among the categories for which tariff values appear.
In practice, businesses that import these commodities track tariff values because they affect customs valuation and duty calculations, and CBIC’s decision to keep multiple values unchanged can reduce the need for recalibration across those product lines.
At the same time, the notification underlines that the tariff value system depends on detailed product descriptions, particularly for gold, where the maintained value applies to gold bars meeting the specified marking and measurement conditions.
For gold coins, the maintained schedule preserves the condition that gold content must not be below 99.5%, a threshold that forms part of the tariff value description in the notification.
The continued inclusion of gold findings under the same tariff value shows that CBIC’s coverage extends beyond bullion and coins in its notified tables.
In the case of silver, the revised notification maintains the US $2,421 per kilogram tariff value while pointing back to specified conditions, indicating that the table entry carries qualifiers rather than serving as a blanket figure.
Areca nuts remain explicitly captured in the updated schedule at US $7,020 per metric tonne, a value that the notification maintains even as it refreshes the tables through formal substitution.
For edible oils, the notification preserves the tariff values for crude palm oil, RBD palm oil, palmolein and crude soybean oil, and it also continues to include brass scrap among the covered commodities without changing the earlier rate.
With Notification No. 22/2026–Customs (N.T.), CBIC’s latest update leaves the stated tariff values in place for several high-volume commodities while formally replacing Table-1, Table-2 and Table-3, keeping the schedule aligned with the notification framework effective 19 February 2026.
Central Board Revises Tariff Values in Notification No. 22/2026–customs
India’s CBIC has issued Notification No. 22/2026–Customs, effective February 19, 2026, which updates the tariff value tables for imports like gold, silver, and edible oils. Although the notification replaces previous schedules, the rates for major commodities like gold ($1,624/10g) and silver ($2,421/kg) remain stable. These values are essential for importers to calculate customs duties and ensure legal compliance.
