CBIC Revises AIR Duty Drawback Rates for Gold and Silver Jewellery

Amendment to Notification No. 77/2023-Customs (N.T.) dated 20.10.2023 – Revision of AIR of duty drawback of Gold jewellery and silver jewellery/articles

The Central Government has issued Notification No. 64/2026-Customs (N.T.) dated 16 July 2026 to revise the All Industry Rates (AIR) of duty drawback for specified exports of gold and silver jewellery under Notification No. 77/2023-Customs (N.T.). The amendment increases the drawback available on three tariff items falling under Chapter 71 of the Drawback Schedule.

The revised rates apply to the following products:

• Tariff Item 711301 – Articles of jewellery and parts thereof, made of gold.
• Tariff Item 711302 – Articles of jewellery and parts thereof, made of silver.
• Tariff Item 711401 – Articles made of silver (goldsmiths’ or silversmiths’ wares).

The rates have been increased as follows:

The notification only revises the drawback rates for these three tariff items. There are no changes to the scope of the products covered, the eligibility conditions, or the procedure for claiming drawback. All other provisions of Notification No. 77/2023-Customs (N.T.) continue to remain in force.

The existing conditions governing these tariff items also continue to apply. The benefit is available only for eligible exports made through the specified modes and Customs locations after verification of the quantity and purity of the gold or silver contained in the exported jewellery or articles. The notification also does not alter the existing restrictions applicable to exports made under schemes providing duty-free import or procurement of gold or silver.

Overall, the amendment significantly enhances the duty drawback available on eligible exports of gold jewellery, silver jewellery and silver articles, while leaving the underlying eligibility framework and operational requirements unchanged.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)

Notification No. 64/2026-Customs (N.T.) | Dated: 16^th July, 2026

G.S.R…….. (E). – In exercise of the powers conferred by section 75 of the Customs Act, 1962 (52 of 1962) and sub-section (2) of section 37 of the Central Excise Act, 1944 (1 of 1944), read with rules 3 and 4 of the Customs and Central Excise Duties Drawback Rules, 2017, the Central Government hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 77/2023 – Customs (N.T.), dated the 20^th October, 2023, published vide number G.S.R. 792 (E), dated the 20^th October, 2023, namely:-

In the said notification, in the Schedule, in Chapter -71, –

i. against tariff item 711301, in the entry in column (4), for the figures “773.17”, the figures “1851.99” shall be substituted;

ii. against tariff item 711302, in the entry in column (4), for the figures “14990.66”, the figures “29501.09” shall be substituted;

iii. against tariff item 711401, in the entry in column (4), for the figures “14990.66”, the figures “29501.09” shall be substituted.

[F.No.605/13/2023-(DBK)]
V Phanindra Vissapragada

Under Secretary (Duty Drawback)

Note: The principal Notification No. 77/2023-Customs (N.T.), dated the 20^th October, 2023 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 20^th October, 2023 vide number G.S.R. 792(E), dated the 20^th October, 2023 and was last amended by Notification No. 41/2026-Customs (N.T.), dated the 24^th April, 2026 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 24^th April, 2026 vide number G.S.R. 309(E), dated the 24^th April, 2026.