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Informative

Finance Ministry Updates Customs Tariff Values for Palm Oil, Soya Bean Oil, Gold and Silver, and Areca Nuts

Update / Judgement Date

01 Jun 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Excise, VAT & Custom

The Finance Ministry updated customs values for key commodities like edible oils and precious metals to reflect current market prices. These revisions in tariff values, particularly for items such as Crude Palm Oil, RBD Palm Oil, RBD Palmolein, Crude Soya Bean Oil, and Crude Sunflower Seed Oil, are implemented fortnightly to align with global market fluctuations. Such adjustments help in maintaining parity between domestic and international prices and prevent misinvoicing.