FinMin hikes gold & silver customs tariff values, cuts edible oil rates in new notification

The Ministry of Finance issued a notification revising customs tariff values for gold and silver upward while reducing rates for certain edible oils. The measure aims to balance revenue generation, curb import mis-invoicing, and stabilise domestic commodity markets. The notification impacts importers, traders, and end-consumers and serves as a regulatory lever to influence trade flows and inflation. It reflects the government’s active management of trade duties in alignment with fiscal objectives and commodity price stabilization strategies.