The Central Board of Indirect Taxes and Customs (CBIC) has issued a new notification, 72/2026-Customs (N.T), which updates the tariff values for several key imports. This includes edible oils, brass scrap, areca nut, gold, and silver. These changes are part of the regular adjustments made by CBIC to align with international market prices and ensure fair trade practices.
For importers dealing with these commodities, the revised tariff values can impact the duty calculations and overall cost. This is particularly relevant for those in the general trade sector, as well as industries like chemicals and industrial raw materials that may use these imports in their production processes. The timing of these changes can affect shipment planning and cost forecasting.
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