Overview of the Notification
The Ministry of Finance Department of Revenue has issued a new notification revising the Customs Duty Drawback rates applicable to selected tariff items under Chapter 71, which covers precious stones, metals, and jewelry. This amendment was announced through Notification No. 67/2025 Customs NT, dated 27 October 2025.
Legal Basis of the Amendments
The revision has been made under the powers granted by Section 75 of the Customs Act 1962 and Section 37 of the Central Excise Act 1944. These powers allow the Central Government to modify duty drawback rules and rates prescribed under the Customs and Central Excise Duties Drawback Rules 2017.
Revised Duty Drawback Rates in Chapter 71
The notification introduces revised drawback rate values against three specific tariff items related to precious articles. The updated rates replace previously notified values under Notification No. 77/2023 Customs NT dated 20 October 2023.
Updated Tariff Item Details
| Tariff Item | Previous Rate | Revised Rate |
|---|---|---|
| 711301 | 466.76 | 524.27 |
| 711302 | 5234.00 | 6317.22 |
| 711401 | 5234.00 | 6317.22 |
Purpose and Expected Impact
These revisions aim to align the drawback rates with current market values and ensure exporters receive appropriate compensation for customs duties paid. The changes are particularly relevant for businesses engaged in jewelry manufacturing and export.
Official Reference
This amendment forms part of ongoing updates to the Duty Drawback Schedule, last revised through Notification No. 51/2025 Customs NT on 25 August 2025.