Overview
The Ministry of Finance, Department of Revenue, has issued a new notification revising the duty drawback rates for certain items under Chapter 71 related to gold and jewellery. The update was released on 27 October 2025 through Notification No. 67/2025 Customs (N.T.).
Revised Drawback Rates
The changes have been introduced as amendments to the existing Notification No. 77/2023 Customs (N.T.) dated 20 October 2023. The revised rates affect specific tariff items, resulting in an increase in duty drawback amounts for exporters.
Key Amendments
- For tariff item 711301, the previous rate of 466.76 has been revised to 524.27.
- For tariff item 711302, the previous rate of 5234.00 has been increased to 6317.22.
- For tariff item 711401, the rate has also risen from 5234.00 to 6317.22.
Background
These revisions fall under the framework of section 75 of the Customs Act, 1962 and section 37 of the Central Excise Act, 1944. The adjustments are part of ongoing efforts to align drawback rates with changes in input costs, export competitiveness, and market dynamics.
Impact on Exporters
The increase in drawback rates is expected to provide cost relief and enhance the profitability of exporters engaged in the gold and jewellery sector. Higher drawback support may encourage broader participation in the global jewellery market.
Source: Ministry of Finance, Government of India Notification No. 67/2025 Customs (N.T.)