The Central Board of Indirect Taxes and Customs (CBIC) has updated the tariff values for several key commodities. These include edible oils, brass scrap, areca nut, gold, and silver. The changes are outlined in Notification 68/2026-Customs (NT) dated July 31, 2026. This revision affects how duties are calculated for these imports.
For importers dealing with these commodities, the revised tariff values could impact duty calculations. This is particularly relevant for businesses importing edible oils and metals like brass scrap, as well as precious metals such as gold and silver. The changes may affect the cost structure and pricing strategies for these goods. Importers should verify if their specific tariff headings (CTH) are affected to ensure compliance.
1) Open the official notice
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