New Tariff Values Set For Imported Gold And Silver

The Central Board of Indirect Taxes and Customs (CBIC) issued a notification on 13 January 2026, updating the tariff values for several imported commodities. These changes, which were made under the powers of the Customs Act, 1962, officially came into effect on 14 January 2026.According to the sources, the tariff value for gold has been set at US $1485 per 10 grams. Silver is now valued at US $2724 per kilogram.The notification also clarifies that for many other essential imports, there has...