CBIC revises Duty Drawback Rates of Gold and Silver Jewellery [Read Notification]

The Ministry of Finance, Department ofRevenue, has issued Notification No. 67/2025-Customs (N.T.) dated October 27, 2025, announcing amendments to the Customs and Central Excise Duties Drawback Rules, 2017. The notification modifies specific entries under Chapter 71, which relates to articles of precious metals and jewellery.

According to the notification, the Government of India has exercised its powers under Section 75 of the Customs Act, 1962 and Section 37(2) of the Central Excise Act, 1944, to revise certain duty drawback rates. Duty drawback is a refund of customs and excise duties paid on imported inputs used in the manufacture of export goods.

These changes are part of the government’s effort to ensure that exporters receive fair compensation for duties paid and to support competitiveness in the gems and jewellery sector.

The revised rates are as follows:

• For tariff item 711301, the rate has been increased from 466.76 to 524.27.
• For tariff item 711302, the rate has been increased from 5234.00 to 6317.22.
• For tariff item 711401, the rate has also been revised from 5234.00 to 6317.22.

These new rates will benefit exporters of jewellery and precious metal articles by offering higher refunds under the duty drawback scheme. The move is expected to enhance the profitability of jewellery exports and encourage further growth in India’s gems and jewellery industry, which is one of the largest contributors to the country’s export earnings.

The latest amendment builds upon the earlier Notification No. 77/2023-Customs (N.T.) dated October 20, 2023, which originally prescribed the drawback rates. The last amendment before this was Notification No. 51/2025-Customs (N.T.) dated August 25, 2025.

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