{ "last_updated": "2026-10-19", "next_revision": "2026-11-01", "reporting_quarter": "Q4 2026", "currency": "INR", "statutory_citations": { "cbic_tariff": { "authority": "Central Board of Indirect Taxes and Customs (CBIC), Ministry of Finance", "notification_no": "Notification No. 86/2026-Customs (N.T.)", "gazette_date": "2026-10-15", "effective_date": "2026-10-16", "itc_hs_code": "7404 00 22", "description": "Tariff value for Brass Scrap (all grades)", "tariff_value_usd_per_metric_tonne": 8247, "equivalent_inr_per_kg_floor": 692.75, "statutory_act": "Section 14(2) of Customs Act, 1962 (amending Notification No. 36/2001-Customs N.T.)" }, "bis_standard": { "authority": "Bureau of Indian Standards & Ministry of Mines", "standard": "IS 26:2024 (Tin Ingot — Specification)", "mandatory_purity_food_contact": "Sn >= 99.70%, Lead (Pb) < 0.05%", "quality_control_order": "Tin Ingot (Quality Control) Order 2025/2026", "legal_mandate": "Industrial plumbing solder (30-40% Pb) strictly prohibited for culinary kalai lining" }, "bme_exchange": { "authority": "Bombay Metal Exchange Ltd. (BME House, Kalbadevi, Mumbai)", "bulletin_frequency": "Daily Physical Spot Price Circulars", "role": "Pan-India physical scrap and virgin non-ferrous transaction baseline" }, "mcx_exchange": { "authority": "Multi Commodity Exchange of India (MCX)", "bulletin_frequency": "Daily End-of-Day Bhavcopy Settlements", "primary_metals": [ "Copper (MCX: COPPER)", "Zinc (MCX: ZINC)" ] }, "mstc_auctions": { "authority": "MSTC Limited (Ministry of Steel Enterprise) & Indian Railways IREPS", "role": "PSU E-Auctions of railway locomotive brass bearings, copper catenary wire scrap, and bronze bushes" } }, "pricing_formulas": { "virgin_brass_parity": "Virgin Brass (60/40) = (0.60 * MCX_Copper) + (0.40 * MCX_Zinc) + Smelting Conversion (~₹45-55/kg)", "imported_scrap_parity": "Landed Honey Scrap = (CBIC_Tariff_USD * SBI_TT_Rate / 1000) + 5% BCD + Port Handling", "kansa_bronze_parity": "Bell Metal (78:22 Kansa) = (0.78 * MCX_Copper) + (0.22 * Virgin_Tin_IS26) + Crucible Pit Smelting Spread" }, "primary_metal_benchmarks": [ { "metal": "Copper Cathode / Rod (Cu)", "source": "MCX Spot Closing", "purity_grade": "99.99% Electrolytic Grade A", "spot_rate_inr_per_kg": 862, "effective_date": "2026-10-18" }, { "metal": "Zinc Ingot (Zn)", "source": "MCX Spot Closing", "purity_grade": "99.995% Special High Grade (SHG)", "spot_rate_inr_per_kg": 286, "effective_date": "2026-10-18" }, { "metal": "Virgin Tin Ingot (Sn)", "source": "BME Spot / LME Cash Benchmark", "purity_grade": "99.90% High Grade (IS 26:2024 Food Grade)", "spot_rate_inr_per_kg": 2840, "effective_date": "2026-10-18" } ], "scrap_mandi_rates": [ { "metal_grade": "Moradabad Honey Scrap (Utensil & Casting Brass)", "alloy_specification": "Cu ~58-60%, Zn ~38-40%, Pb <1.5%", "min_rate_inr_per_kg": 435, "max_rate_inr_per_kg": 455, "commercial_basis": "Unsorted utensil, casting, and valve scrap, dry basis Moradabad Mandi", "purity_notes": "Secondary melting grade. Requires flux refining and slag skim before thapai ingot casting." }, { "metal_grade": "Sheet Cutting Scrap (Pure 60/40 or 70/30)", "alloy_specification": "Cu 60-70%, Zn 30-40%, High ductility", "min_rate_inr_per_kg": 485, "max_rate_inr_per_kg": 515, "commercial_basis": "Clean industrial offcuts, punch skeleton, and circle offcuts", "purity_notes": "Premium scrap with known metallurgical provenance. Minimal oxidation or oil residue." }, { "metal_grade": "Brass Borings & Machine Turnings", "alloy_specification": "Machining scrap, mixed brass grades", "min_rate_inr_per_kg": 385, "max_rate_inr_per_kg": 410, "commercial_basis": "Lathe turnings, magnetic-separated dry borings", "purity_notes": "Requires briquetting or coreless induction melt. Higher melt loss (4-7%)." }, { "metal_grade": "Virgin Brass Ingot (Commercial 60/40)", "alloy_specification": "Cu 60%, Zn 40%, Certified ingot grade", "min_rate_inr_per_kg": 580, "max_rate_inr_per_kg": 620, "commercial_basis": "Primary smelting ingot delivered to foundry door", "purity_notes": "Primary alloy ingots for high-grade domestic and export cookware casting." } ], "pure_tin_kalai_benchmarks": [ { "grade": "Virgin Tin Ingot 99.9% (Banko / LME / IS 26:2024)", "sn_purity_percentage": 99.9, "min_rate_inr_per_kg": 2750, "max_rate_inr_per_kg": 2920, "application": "Mandatory for culinary food-contact kalai lining on brass and copper cookware", "safety_protocol": "Statutory BIS IS 26:2024 compliance. Capped lead (Pb < 0.05%) and cadmium. Melts at 231.9°C." }, { "grade": "Secondary / Re-refined Solder Tin (Industrial)", "sn_purity_percentage": 60.0, "min_rate_inr_per_kg": 1800, "max_rate_inr_per_kg": 2100, "application": "Industrial plumbing and radiator soldering ONLY", "safety_protocol": "CRITICAL HAZARD: Prohibited for culinary utensils due to toxic lead contamination (30-40% Pb)." } ], "hand_tinning_labor_benchmarks": [ { "vessel_category": "Standard Open Cookware (Kadhai, Shallow Patila, Lagan)", "geometry": "Open wide mouth, spherical or cylindrical curve", "min_cost_per_sq_inch": 4.5, "max_cost_per_sq_inch": 6.5, "typical_turnaround": "Same day / while-you-wait at local kalai shop", "labor_procedure": "Acid wash, sand scouring, sal ammoniac (nausadar) flux, virgin tin wipe, cold water quench" }, { "vessel_category": "Deep / Narrow-Mouth Vessels (Handi, Degchi, Lota)", "geometry": "Constricted neck, deep interior cavity", "min_cost_per_sq_inch": 6.5, "max_cost_per_sq_inch": 8.5, "typical_turnaround": "24–48 hours", "labor_procedure": "Requires specialized curved tongs, interior torch heating, and manual cotton swab tin spreading" }, { "vessel_category": "Institutional & Commercial Feast Cauldrons (Degh 30kg–100kg)", "geometry": "Large-diameter massive catering vessel", "min_cost_per_sq_inch": 5.0, "max_cost_per_sq_inch": 7.5, "typical_turnaround": "2–4 days", "labor_procedure": "High-BTU blower furnace heating, multiple master kalai craftsmen working simultaneously" } ], "regional_cluster_spot_benchmarks": [ { "cluster": "Moradabad", "state": "Uttar Pradesh", "specialty_alloy": "Sand-Cast Brass & Engraving Sheet", "raw_alloy_inr_per_kg": "₹450 – ₹490 / kg", "finished_utensil_inr_per_kg": "₹680 – ₹950 / kg" }, { "cluster": "Jagadhri", "state": "Haryana", "specialty_alloy": "Heavy Brass Sheet & Circles (Thapai & Spun)", "raw_alloy_inr_per_kg": "₹520 – ₹560 / kg", "finished_utensil_inr_per_kg": "₹640 – ₹820 / kg" }, { "cluster": "Sarthebari", "state": "Assam", "specialty_alloy": "Forged Bell Metal (Kansa 78:22)", "raw_alloy_inr_per_kg": "₹850 – ₹980 / kg", "finished_utensil_inr_per_kg": "₹1,450 – ₹2,200 / kg" }, { "cluster": "Kumbakonam", "state": "Tamil Nadu", "specialty_alloy": "Cast Bronze & Cookware Vadasatti", "raw_alloy_inr_per_kg": "₹780 – ₹890 / kg", "finished_utensil_inr_per_kg": "₹1,250 – ₹1,800 / kg" }, { "cluster": "Pareo / Patna", "state": "Bihar", "specialty_alloy": "Hand-Hammered Heavy Patila & Tasla", "raw_alloy_inr_per_kg": "₹510 – ₹550 / kg", "finished_utensil_inr_per_kg": "₹660 – ₹850 / kg" }, { "cluster": "Mirzapur", "state": "Uttar Pradesh", "specialty_alloy": "Heavy Deep-Drawn Brass Sheet & Rolling Circles", "raw_alloy_inr_per_kg": "₹500 – ₹545 / kg", "finished_utensil_inr_per_kg": "₹670 – ₹860 / kg" }, { "cluster": "Jamnagar", "state": "Gujarat", "specialty_alloy": "Extruded Brass Rods & Free-Cutting Scrap (IS 319)", "raw_alloy_inr_per_kg": "₹460 – ₹495 / kg", "finished_utensil_inr_per_kg": "₹690 – ₹920 / kg" } ] }