Central Government Revises Drawback Rates for Gold and Silver Jewellery
In a recent development, the Central Government has notified further amendments to Notification No. 77/2023-Customs (N.T.), dated 20th October 2023, pertaining to the All Industry Rates (AIR) of Duty Drawback under the Customs and Central Excise Duties Drawback Rules, 2017.
This amendment, issued through a new G.S.R. notification, updates the drawback rates applicable to certain jewellery items under Chapter 71, aligning the rates with current market trends and value addition benchmarks.
Key Highlights of the Amendment
- Statutory Basis
The amendment is issued under the powers conferred by:- Section 75 of the Customs Act, 1962
- Sub-section (2) of Section 37 of the Central Excise Act, 1944
- Rules 3 and 4 of the Customs and Central Excise Duties Drawback Rules, 2017
- Affected Notification
The changes are made in the Schedule to Notification No. 77/2023-Customs (N.T.), published vide G.S.R. 792(E) on 20th October 2023 by the Department of Revenue, Ministry of Finance. - Revised Drawback Rates under Chapter 71
The following amendments have been introduced in the Schedule:
- Against tariff item 711301, in the entry in column (4), for the figures “466.76”, the figures “524.27” shall be substituted;
- Against tariff item 711302, in the entry in column (4), for the figures “5234.00”, the figures “6317.22” shall be substituted;
- Against tariff item 711401, in the entry in column (4), for the figures “5234.00”, the figures “6317.22” shall be substituted.
- Previous Amendment Reference
The principal notification 77/2023-Customs (N.T.) was last amended by Notification No. 51/2025-Customs (N.T.), dated 25th August 2025 (G.S.R. 574(E)).
Implication for Exporters
This revision aims to provide enhanced duty drawback benefits to exporters of gold and silver jewellery, thereby improving the competitiveness of the Indian gems and jewellery sector in the global market.
Exporters are advised to review the updated rates and ensure timely implementation in their refund and export documentation processes.
Reference
- Notification No. 77/2023-Customs (N.T.), dated 20th October 2023
- Latest Amendment Notification (G.S.R…), issued by the Ministry of Finance (Department of Revenue)
Notification Reference: Customs
Notification No.67/2025-Customs (N.T.)
27 /10 /2025