Central Government Increases Duty Drawback Rates for Gold and Silver Jewellery
The Ministry of Finance (Department of Revenue) has issued a new notification (No. 41/2026– Customs (N.T.) dated April 24, 2026) announcing changes in duty drawback rates for some jewellery items. Duty drawback is a refund of custom duties, excise taxes, and fees paid on imported goods, which is given to the exporters.
The notification that has been issued in accordance with the provisions of Customs Act, 1962 and Central Excise Act, 1944 amends the previous notification of October, 2023, which specified the All Industry Rates (AIR) of Duty Drawback for various export goods in India.
As per the latest changes, the government has increased the drawback rates for tariff items under Chapter 71, which covers Precious Metals and Jewellery.
The new rates are as follows:
- Tariff item 711301 (Gold Jewellery): The rate has been revised from Rs 639.59 to Rs 773.17 (Per Gram)
- Tariff item 711302 (Silver Jewellery): The rate has been increased from Rs 9089.33 to Rs 14990.66 (Per Kg).
- Tariff item 711401 (Other Silver Articles): The rate has been increased from Rs 9089.33 to Rs 14990.66 (Per Kg).
