CBIC Revises Customs Tariff Value Framework by Replacing Existing Tables

CBIC Revises Customs Tariff Value Framework by Replacing Existing Tables

The Central Board of Indirect Taxes and Customs (CBIC), under the Ministry of Finance, has updated an earlier customs-related notification.

Also Read
CBIC Notifies Revision of Tariff Values Under Customs Act, 1962

The original notification (No. 36/2001-Customs (N.T.), issued on 3rd August 2001) contained certain tables (TABLE-1, TABLE-2, and TABLE-3) that were used for customs purposes, likely related to tariff values or rates used for assessing import duties.

Now, through Notification No. 54/2026-CUSTOMS (N.T.) dated 11th June 2026, the government has decided to replace those existing tables entirely with new updated tables. This means the old values or structures in those tables will no longer apply, and the new tables will be used instead.

Also Read
CBIC Waives Excise Duty on Petrol Containing 22% to ‌30% Ethanol

The following will replace Table-1:

Sl. No.	Chapter/ heading/ sub-heading/tariff item	Description of goods	Tariff value (US $ Per Metric Tonne)
1	1511 10 00	Crude Palm Oil	1218 (i.e., no change)
2	1511 90 10	RBD Palm Oil	1222 (i.e., no change)
3	1511 90 90	Others – Palm Oil	1220 (i.e., no change)
4	1511 10 00	Crude Palmolein	1230 (i.e., no change)
5	1511 90 20	RBD Palmolein	1233 (i.e., no change)
6	1511 90 90	Others – Palmolein	1232 (i.e., no change)
7	1507 10 00	Crude Soya bean Oil	1244 (i.e., no change)
8	7404 00 22	Brass Scrap (all grades)	7655 (i.e., no change)

For more information, refer to the official notification: