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[BUSINESS] · India · 2 sources

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Part of situation: India taxation and customs duty revisions (7 clusters)

Ministry of Finance announces revised excise duties and customs tariffs

Central Excise duty Customs tariff values edible oils gold and silver imports taxation amendments

The Ministry of Finance and the Central Board of Indirect Taxes and Customs (CBIC) have issued several notifications revising duty rates and customs tariff values, effective September 1, 2026.

Under Central Excise Notifications 46/2026, 47/2026, and 48/2026, the government has amended rates previously set in March 2026. These revisions introduce new rates for specified goods, including adjustments to Rs 1.50 per litre and Rs 19 per litre for certain items under the Central Excise Act, 1944.

Additionally, Notification No. 72/2026-Customs amends the prescribed tariff values for various imported goods. Revised values for edible oils include US $1,214 per metric tonne for crude palm oil and US $1,262 for crude soya bean oil. For precious metals, the tariff value for gold is set at US $1,468 per 10 grams, while silver is valued at US $2,267 per kilogram.

Entities

Central Board of Indirect Taxes and Customs · Department of Revenue · Ministry of Finance

Sources

Central Excise Notifications September 2026: Check Revised Duty Rates [www.caclubindia.com]
CBIC Revises Customs Tariff Values for Edible Oils, Gold, Silver & Areca Nuts wef 1st Sep 2026 [taxguru.in]