Tariff values of edible oils, metals and areca nut fixed; new rates effective 1 January 2026.
The Central Board of Indirect Taxes & Customs substitutes three tables fixing tariff values for specified imports: TABLE-1 sets US$ per metric tonne values for edible oils and brass scrap; TABLE-2 fixes US$ values for specified forms of gold and silver with explanatory scope; TABLE-3 maintains the areca nut value at US$7679 per metric tonne. The amendment to the principal valuation notification is effective 1 January 2026.

Sea cargo manifest compliance deadline is extended through substitution of the prescribed date in the FORM-XII table.
The Sea Cargo Manifest and Transshipment Regulations are amended by substituting the date against serial number 6 in column (3) of the Table following FORM-XII with 31 March 2026. The amendment takes effect upon publication in the Official Gazette.

Low ash metallurgical coke imports restricted Jan 1-Jun 30, 2026; other metallurgical coke imports remain free.
Imports of Low Ash Metallurgical Coke under ITC (HS) Codes 27040020, 27040030, 27040040 and 27040090 with ash content below 18% are Restricted from 01.01.2026 to 30.06.2026 and permitted only under Policy Condition No. 08 of Chapter 27; metallurgical coke with ash content above 18% and other imports under those codes remain Free.

Minimum Export Price on natural honey export extended under foreign trade policy until March 2026.
Minimum Export Price condition for export of Natural Honey is extended under the Foreign Trade Policy framework. The Central Government amends the earlier export policy notification relating to ITC(HS) code 04090000 by continuing the existing Minimum Export Price (MEP) requirement of US Dollar 1400 FOB per Metric Ton. The revised policy condition extends the validity of that MEP restriction from 31 December 2025 to 31 March 2026, with immediate effect.

Low Ash Metallurgical Coke: provisional anti-dumping duties imposed on imports from specified countries, payable in Indian currency.
Imposes provisional anti-dumping duty on Low Ash Metallurgical Coke (ash

Retail sale price valuation for specified tobacco goods is introduced, alongside a limited rule 86B exemption for non-manufacturers.
The amendment inserts rule 31D to value specified tobacco-related goods and certain inhalation products on the basis of retail sale price less applicable tax, with definitions and valuation rules for multiple or altered prices. It also exempts a registered person other than a manufacturer from rule 86B only for such goods when tax is paid by the supplier on the retail sale price basis.

Pan masala and tobacco valuation: value deemed as declared retail sale price less tax, with prescribed tax computation.
Value of supply for specified pan masala, tobacco and inhalation products is deemed to be the retail sale price declared on packaged goods less the applicable tax amount, computed by Tax amount = (Retail sale price x applicable tax rate) / (100 + sum of applicable tax rate). "Applicable tax" means IGST, CGST, SGST or UTGST. "Retail sale price" is the maximum declared price on the package, includes all taxes and where multiple or altered prices exist the maximum or altered increased price applies; area-specific declared prices apply to supplies in those areas. An amendment limits a composition-related exemption for non-manufacturers to goods on which the supplier has paid tax on the retail sale price.

GST rate amendment revises classification of tobacco products, biris, and pan masala under the state tax schedule.
Amendment to the State GST rate notification revises the tax classification of specified tobacco and tobacco-related goods under the Sikkim Goods and Services Tax framework. Biris are inserted in Schedule II at 9%, while pan masala, unmanufactured tobacco and tobacco refuse other than tobacco leaves, cigars, cheroots, cigarillos and cigarettes, other manufactured tobacco and manufactured tobacco substitutes other than biris, and products containing tobacco or nicotine substitutes intended for inhalation without combustion are inserted in Schedule III at 20%. The amendment also omits Schedule VII at 14%, and comes into force on 1 February 2026.

Retail sale price valuation for specified tobacco goods and pan masala expanded under the State GST notification.
A new clause is inserted to cover supplies of pan masala, unmanufactured tobacco, cigars, cigarettes, other manufactured tobacco and tobacco substitutes, and related inhalation products in packaged form where a retail sale price is declared. The notification defines retail sale price, addresses multiple or altered declared prices, and applies Customs Tariff classifications and interpretive rules for the specified goods. The amendment comes into force on 1 February 2026.

Pan masala and tobacco supplies will be valued based on declared retail sale price for GST valuation.
Introduces RSP-based valuation for specified pan masala and tobacco tariff items, treating the maximum declared packaged price as the retail sale price for valuation; where multiple, altered, or area-specific RSPs exist the relevant maximum or area-specific RSP applies. Tariff terms and interpretation rules of the First Schedule to the Customs Tariff Act apply to this clause.

GST rates on tobacco products amended: biris at 9%, multiple tobacco items at 20%, 14% schedule removed, effective 1 Feb 2026.
The notification amends the Central GST rate schedules: inserts biris into Schedule II at 9%; inserts pan masala, unmanufactured tobacco, tobacco refuse, cigars/cheroots/cigarillos/cigarettes, other manufactured tobacco and substitutes (excluding biris), and inhalation products containing tobacco or nicotine into Schedule III at 20%; and omits Schedule VII at 14%. The amendments take effect on 1 February 2026.

GST rates on tobacco products revised: 18% for biris, 40% for specified tobacco products; changes effective 1 February 2026.
Amends Notification No. 9/2025 to add biris (2403 19 21, 2403 19 29) to the 18% schedule; adds pan masala (2106 90 20), unmanufactured tobacco and tobacco refuse (2401), cigars/cheroots/cigarillos/cigarettes (2402), other manufactured tobacco excluding biris (2403 other than 2403 19 21 and 2403 19 29), and inhalation products including tobacco/nicotine substitutes (2404 11 00 and 2404 19 00) to the 40% schedule; omits Schedule VII 28%; effective 1 February 2026.

Tobacco product GST rates updated: biris at 9% and specified tobacco items moved to a 20% rate.
Amends the Union Territory GST rate notification to prescribe GST rates for specified tobacco products by inserting biris into the 9% schedule, adding multiple tobacco and tobacco-related product entries into the 20% schedule (including pan masala, unmanufactured tobacco, cigars and cigarettes, other manufactured tobacco and inhalation products), and omitting the 14% schedule; effective 1 February 2026.

Retail-price valuation updated: 'Pan masala containing tobacco' replaced with 'Gutkha', effective 1 February 2026.
Amendment substitutes the phrase "Pan masala containing tobacco" with "Gutkha" in the Table at Sl. No. 2, Column (3) of Notification No. 01/2022 Central Excise (N.T.) for the purposes of retail-price valuation, and the substitution takes effect on 1 February 2026.

Capacity-based excise duty rules govern packing machines, monthly declarations, abatement, CCTV compliance and limited credit for notified tobacco goods.
Prescribes a capacity-based excise duty framework for chewing tobacco, jarda scented tobacco and gutkha manufactured with packing machines and packed in pouches. It links deemed production and annual capacity to the number of packing machines and their maximum rated speed, and requires manufacturers to file declarations supported by Chartered Engineer certification, subject to verification and capacity determination by the proper officer. The rules also provide for monthly duty payment, pro rata adjustment, abatement for sealed non-operational machines, retail sale price declaration, CCTV surveillance, machine addition or removal controls, limited CENVAT credit, and penalties for contraventions.

Chewing tobacco, jarda scented tobacco and gutkha packed in pouches attract excise duty when packed by packing machines.
The Central Government designates chewing tobacco (including filter khaini), jarda scented tobacco, and gutkha manufactured with the aid of a packing machine and packed in pouches as notified goods, on which excise duty shall be levied and collected; "packing machine" is defined to include all vertical form-fill-seal and horizontal machines and any other machines used to pack pouches. The notification takes effect on 1 February 2026.

Chewing tobacco, jarda scented tobacco and gutkha now face a machine-based monthly duty tied to retail price and packing speed.
Specifies a machine-based monthly duty on chewing tobacco (including filter khaini), jarda scented tobacco and gutkha, with rates determined by retail sale price (R) and packing machine speed (S). A tiered table sets fixed crore-rate entries and formula-based rates, applying a higher-of rule where both are specified. Multi-track lines are counted as separate machines and retail sale price means the maximum consumer price including taxes and charges. Number of machines for computation will follow the Capacity Determination and Collection of Duty Rules, 2026.

Central Excise (Amendment) Act 2025 will commence on 1 February 2026, setting the effective date for its provisions.
Under the authority of subsection (2) of section 1 of the Central Excise (Amendment) Act, 2025, the Central Government, by Notification No. 03/2025-Central Excise (N.T.), appoints 1 February 2026 as the date on which the provisions of the Act shall come into force.

Excise duty on tobacco products revised: specified ad valorem and specific rates and a narrow exemption apply to listed tobacco goods.
Notification prescribes excise duties and limited exemptions for specified tobacco goods by Fourth Schedule tariff items, replacing a prior notification. It lists tariff classifications and assigns either ad valorem percentages or specific rupee-per-thousand rates for categories including unmanufactured tobacco, cigarettes (distinguished by filter and length), tobacco substitutes, gutkha, chewing tobacco, snuff, extracts, and reconstituted tobaccos, and specifies mixed charging rules where a percentage or a specific amount applies, including higher-of rules and a narrow exemption for unbranded, unpacked unmanufactured tobacco.

Tobacco products: compensation cess entries in the Schedule are replaced with nil rates effective 1 February 2026.
The notification amends the Compensation Cess (Rate) Schedule by substituting the entry in column (4) with "Nil" for a comprehensive list of specified S. Nos. and subitems (S. Nos. 1 through 38 and listed alpha variants), thereby replacing the existing column (4) entries with "Nil" for those items. The amendment is made under sub-section (2) of section 8 of the Goods and Services Tax (Compensation to States) Act, 2017 and comes into force on the 1st day of February, 2026.