The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification 70/2026-Customs (N.T) on August 14, 2026. This notification updates the tariff values for several key imports, including edible oils, brass scrap, areca nut, gold, and silver. These changes are part of the regular review process to align tariff values with current market conditions.
Adjustments in tariff values can impact the calculation of customs duties for importers dealing with these commodities. Importers of edible oils, brass scrap, areca nut, gold, and silver should pay close attention to these updates. The revised values could affect the total landed cost of these goods, influencing pricing strategies and profit margins.
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