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Dated: 21.04.2025

CBIC Notifies Revised Drawback Rates for Gold and Silver Jewellery Items under Chapter 71

The Ministry of Finance, Department of Revenue, has notified Notification No. 26/2025-Customs (N.T.) on 17 April 2025, making further amendments to Notification No. 77/2023-Customs (N.T.) dated 20 October 2023. This update revises the All Industry Rates (AIRs) of Duty Drawback for three key tariff items under Chapter 71, which pertains to articles of precious metals and jewellery.

Key Amendments under Chapter 71

The revised duty drawback rates have been notified for the following tariff items:

Tariff Item	Description	Previous Rate (₹/gm)	Revised Rate (₹/gm)
711301	Gold Jewellery (plain)	335.50	405.40
711302	Gold Jewellery (studded)	4468.10	4950.03
711401	Silver Jewellery	4468.10	4950.03

These changes reflect an upward revision in duty drawback benefits provided to exporters engaged in the manufacture and export of gold and silver jewellery.

Legal Basis

The notification is issued under the powers conferred by:

• Section 75 of the Customs Act, 1962
• Section 37(2) of the Central Excise Act, 1944
• Read with Rules 3 and 4 of the Customs and Central Excise Duties Drawback Rules, 2017

Impact and Significance

• These revised AIRs aim to enhance competitiveness of Indian jewellery exporters, particularly amid fluctuating precious metal prices in international markets.
• The revised rates ensure that exporters are adequately compensated for embedded duties and taxes on inputs used in the manufacture of gold and silver jewellery.
• The notification serves as an important update for exporters, customs brokers, and jewellery manufacturers, ensuring they align their shipping documentation and pricing strategies with the updated drawback rates.

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Source: CBIC, Ministry of Finance, Govt. of India

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