CBIC Raises Import Tariff Values For Gold, Silver And Edible Oils; Silver Sees Sharpest Jump

The Central Board of Indirect Taxes and Customs (CBIC) has revised the import tariff values for major commodities including gold, silver, crude palm oil, and crude soybean oil,due to the recent rise in global commodity prices.

As per the latest CBIC notification, tariff values for all four commodities have been increased compared to the previous notification issued on May 9, 2026. Among them, silver recorded the sharpest increase, while gold also saw a major upward revision amid continued volatility in international bullion markets.

Latest CBIC Tariff Values For Gold And Silver

According to the revised notification, Gold tariff value has been increased to USD 1,508 per 10 grams while Silver tariff value has been raised to USD 2,810 per kilogram.

Previously, the tariff value for gold stood at USD 1,456 per 10 grams, while silver was valued at USD 2,603 per kilogram.

This means Gold tariff value increased by USD 52 and Silver tariff value surged by USD 207

CBIC Also Revises Edible Oil Tariff Values

The government has also marginally increased tariff values for edible oils.

The revised import tariff values for Crude Palm Oil (CPO) is now $1,205 per metric tonne up from $1,202 per metric tonne previously whileCrude Soybean Oil is not at $1,256 per metric tonne up from $1255.

Why CBIC Revises Tariff Values

Tariff values are revised periodically by CBIC to align customs duties with the current international prices. These values are used to calculate import duties on some commodities, especially those prone to price fluctuations in global markets.

Changes in tariff values can impact import costs , on Domestic bullion prices and Retail prices for consumers Higher tariff values generally translate into increased customs duty calculations for importers.

Impact On Indian Markets

India is one of the world's largest importers of gold and edible oils. Any upward revision in tariff values impacts traders, jewellers, refiners, and importers. However, the actual retail impact will also depend on international spot prices, rupee-dollar exchange rates, and overall market demand.