CBIC Revises Drawback Rates for Jewellery and Precious Metals

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Dated: 26.08.2025

CBIC Revises Drawback Rates for Jewellery and Precious Metals

The Ministry of Finance, Department of Revenue, has issued Notification No. 51/2025-Customs (N.T.) on August 25, 2025, introducing amendments to the Customs Duty Drawback rates for specific tariff items under Chapter 71. This notification, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), reflects the government’s commitment to ensuring fair and updated duty drawback rates for exporters.

Key Highlights of the Notification:

The amendments pertain to the Customs and Central Excise Duties Drawback Rules, 2017, and modify the principal Notification No. 77/2023-Customs (N.T. ), dated October 20, 2023. The changes are as follows:

Tariff Item 711301:
- Previous rate: 335.50
- Revised rate: 466.76
Tariff Item 711302:
- Previous rate: 4468.10
- Revised rate: 5234.00
Tariff Item 711401:
- Previous rate: 4468.10
- Revised rate: 5234.00

These updates aim to provide enhanced support to exporters by adjusting the drawback rates to reflect current market conditions and production costs.

Background:

The Customs Duty Drawback scheme is a vital mechanism for promoting exports by refunding duties paid on imported inputs used in the production of exported goods. The adjustments in drawback rates ensure that exporters remain competitive in the global market while maintaining compliance with international trade norms.

Implications for Exporters:

Exporters dealing with goods under Chapter 71, particularly those associated with tariff items 711301, 711302, and 711401, will benefit from the revised rates. The increased drawback rates will help offset higher input costs, thereby boosting profitability and encouraging further export activities.

Previous Amendments:

The principal Notification No. 77/2023-Customs (N.T.) was last amended by Notification No. 26/2025-Customs (N.T. ), dated April 17, 2025. These periodic updates reflect the government’s proactive approach to addressing the needs of exporters and adapting to changing economic conditions.

Conclusion:

The latest amendments to the Customs Duty Drawback rates demonstrate the government’s commitment to supporting India’s export sector. Exporters are encouraged to review the updated rates and leverage the benefits to enhance their competitiveness in the global market.

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

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