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Tariff Values Revised for Edible Oils, Gold, Silver & Brass Scrap Effective 16 July 2026
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Tariff Values Revised for Edible Oils, Gold, Silver & Brass Scrap Effective 16 July 2026

July 17, 2026

The CBIC has revised tariff values for edible oils, gold, silver, and brass scrap effective from 16 July 2026, while maintaining the areca nut tariff value.

Revised Tariff Values Announced

The Central Board of Indirect Taxes and Customs (CBIC) has officially announced the revision of tariff values for various commodities, including edible oils, gold, silver, and brass scrap. This revision will come into effect on 16 July 2026.

The updated rates reflect the dynamic nature of market conditions and are intended to support the tariffs that influence domestic pricing structures. Notably, the tariff value for areca nut has been retained, indicating the CBIC's decision to keep it unchanged despite the adjustments made to other commodities.

Practitioners and businesses dealing with imports and exports of these goods should familiarize themselves with the new tariff values to ensure compliance and accurate pricing in transactions post the effective date. Continuous monitoring of CBIC notifications will be essential for staying updated on any further changes.

Citations

  • CBIC Notification No. 29/2026
Source:N/A
Practice Areas:tax

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