Quick Summary
The Ministry of Finance has issued a fresh customs notification introducing important amendments in import duty rates applicable to precious metals, jewellery findings, spent catalysts and related goods under the Customs Act, 1962. The revised provisions will come into force from May 13, 2026. The changes have been notified through Notification No. 16/2026-Customs dated May 12, 2026, issued by the Department of Revenue. The notification amends earlier customs notifications issued in 2018 and 20
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FAQ :
The revised customs duty rates will come into force from May 13, 2026.
The changes affect imports of gold, silver, platinum findings, spent catalysts containing precious metals, and other related precious metal goods.
Some revised rates include 5.4% for certain specified entries, 4.35% for some categories, and 5% for certain imports of precious metal goods. Gold and silver imports under Notification No. 57/2000-Customs will now attract 4.35%.
Yes, spent catalyst or ash imports containing precious metals will attract a concessional customs duty rate of 4.35%, subject to compliance with specific rules and submission of required undertakings and certificates.
The revised customs duty rates for jewellery findings are 5% for gold findings, 5% for silver findings, and 5.4% for platinum findings.
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