The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification 71/2026-Customs (N.T), revising the tariff values for several commodities. The commodities affected include edible oils, brass scrap, areca nut, gold, and silver. This update is part of CBIC's regular review to align with international market prices.
Changes in tariff values can impact the duty payable on imports of these commodities. For importers dealing with edible oils, brass scrap, areca nut, gold, and silver, this could affect cost calculations and pricing strategies. It is crucial to verify how these changes might influence your specific shipments and whether any adjustments in documentation or filing are necessary.
1) Open the official notice here
2) Check whether your CTH, documents or policy line is touched
3) Ask Neo's CHA before changing Bill of Entry or Shipping Bill practice