The Central Board of Indirect Taxes and Customs (CBIC) has amended the duty drawback rates for gold jewellery and silver jewellery/articles. This revision updates the rates previously set in Notification No. 77/2023-Customs (N.T.) dated 20.10.2023. The changes are outlined in Notification 85/2026-Customs (N.T) dated 15.10.2026.
Exporters dealing with gold and silver jewellery need to be aware of these revised rates as they directly affect the duty drawback claims. The adjustment may influence the financial calculations for shipments and could impact the profitability of exports. It's crucial for those in the jewellery trade to verify how these changes apply to their specific goods.
1) Open the official notice here
2) Check whether your CTH, documents or policy line is touched
3) Ask Neo's CHA before changing Bill of Entry or Shipping Bill practice