Duty drawback rates for gold & silver jewellery hiked to support exporters

Sat Apr 25 2026

Exporters of gold and silver jewellery will now get higher refunds under the Drawback Rules. Finance Ministry has notified a quarterly review of All India Rates of Duty Drawback for gold jewellery and silver jewellery/articles.

Accordingly, new rate under tariff item 711301 (pertaining to articles of jewellery and parts, made of gold) will be ₹773.17 per gram of net gold content in the jewellery as against ₹639.59. For tariff item 711302 (pertaining to articles of jewellery and parts thereof, made of silver including plated with precious metal), rate would be ₹14,990.66 per kg of net silver content in the jewellery as against ₹9089.33. This rate will also be applicable for tariff item 711401 (refers to articles made of silver, other than jewellery).

Duty drawback serves as a refund mechanism that reimburses exporters for customs and excise duties paid on imported inputs used in manufacturing export goods. It is a World Trade Organization-vetted scheme administered by the Central Board of Indirect Taxes and Customs to promote exports. It rebates the incidence of customs and excise duties, chargeable on imported and excisable materials respectively, when used as inputs for goods to be exported.

Source: https://www.thehindubusinessline.com/