Government Updates Customs Tariff Values for Edible Oils, Metals, and Areca Nuts Effective May 2025 Under Notification 33/2025

The GoI's MoF issued Notification No. 33/2025-Customs (N.T.) amending tariff values for various commodities under Customs Act, 1962. The notification establishes new tariff values for edible oils (palm oil, palmolein, soya bean oil), brass scrap, precious metals (gold and silver), and areca nuts, effective 01 May 2025. Key modifications include updated tariff values per metric ton or per kilogram for specified goods, with tariff values ranging from $1064 per 10 grams for gold to $6970 per metric ton for areca nuts. The amendment provides revised reference prices for customs valuation purposes, ensuring current market-aligned assessment of imported commodities. .....

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