CBIC notifies revised definition of ‘Nominated Agency’ for import of precious metals under GST

The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 18/2025–Central Tax (Rate) on 3rd October 2025, amending the GST rates applicable to certain goods and services as recommended by the GST Council in its 55th meeting.

This notification primarily revises or rationalizes the rates on various goods and services to align them with the new tax structure under the GST 2.0 reform initiative. It modifies earlier rate notifications to ensure uniformity and simplification in the tax regime.

Key Highlights:

• Revision of GST rates on select commodities to support consumer affordability and trade uniformity.

• Updates and clarifications regarding the classification of specific goods under Schedule I–VI of Notification No. 1/2017–Central Tax (Rate).

• Corresponding amendments made in related exemption notifications to maintain consistency.

• Effective from the date of publication in the Official Gazette (3rd October 2025).

Source : https://taxinformation.cbic.gov.in/view-pdf/1010490/ENG/Notifications