Customs:
The CBIC has issued a notification amending tariff values for specified imported goods including edible oils, brass scrap, gold and silver. The revised tariff values have been notified by substituting Tables 1, 2 and 3 under the existing framework, covering items such as crude and refined palm oil, soybean oil, precious metals and areca nuts. These changes have been made under Section 14(2) of the Customs Act, 1962, in order to align tariff values with prevailing international prices. The notification shall come into force from 31 March 2026.
[Notification No. 32/2026-Customs (N.T.) dated 30 March 2026]
