Summary: The Ministry of Finance (Department of Revenue) has issued **Notification No. 85/2026-Customs (N.T.), dated 15 October 2026**, amending Notification No. 77/2023-Customs (N.T.), dated 20 October 2023, to reduce the All Industry Rates (AIR) of duty drawback applicable to specified gold and silver jewellery and articles under Chapter 71. Issued under Section 75 of the Customs Act, 1962, Section 37(2) of the Central Excise Act, 1944, and Rules 3 and 4 of the Customs and Central Excise Duties Drawback Rules, 2017, the notification revises three tariff entries. For tariff item 711301, covering gold jewellery and parts thereof, the rate has been reduced from 1851.99 to 1794.11, a reduction of approximately 3.13%. For tariff item 711302, covering silver jewellery and parts thereof, and tariff item 711401, covering articles made of silver, the rate has been reduced from 29501.09 to 26859.02, representing a reduction of approximately 8.96% in each case. The amendment changes the figures in column (4) of the existing drawback schedule without modifying the descriptions of the specified tariff items. Exporters dealing in the affected products should take note of the revised rates while computing eligible duty drawback and preparing export documentation. The notification also records that the principal notification was last amended by Notification No. 64/2026-Customs (N.T.), dated 16 July 2026.
Revision in Duty Drawback Rates
| Tariff Item | Description | Existing Rate | Revised Rate | Reduction |
|---|---|---|---|---|
| 711301 | Articles of jewellery and parts thereof, made of gold | 1851.99 | 1794.11 | 3.13% |
| 711302 | Articles of jewellery and parts thereof, made of silver | 29501.09 | 26859.02 | 8.96% |
| 711401 | Articles made of silver | 29501.09 | 26859.02 | 8.96% |
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 15th October, 2026
Notification No. 85/2026-Customs (N.T.) | Dated: 15th October, 2026
G.S.R. 891(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 20thOctober, 2023, published vide number G.S.R. 792 (E), dated the 20thOctober, 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 “1851.99”, the figures “1794.11” shall be substituted;
(ii) against tariff item 711302, in the entry in column (4), for the figures “29501.09”, the figures “26859.02” shall be substituted;
(iii) against tariff item 711401, in the entry in column (4), for the figures “29501.09”, the figures “26859.02” shall be substituted.
[F. No. 605/13/2023-(DBK)]
V PHANINDRA VISSAPRAGADA, Under Secy. (Duty Drawback)
Note: The principal Notification No. 77/2023-Customs (N.T.), dated the 20thOctober, 2023 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 20thOctober, 2023 vide number G.S.R. 792(E), dated the 20thOctober, 2023 and was last amended by Notification No. 64/2026-Customs (N.T.), dated the 16th July, 2026 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 16th July, 2026 vide number G.S.R. 633(E), dated the 16th July, 2026.
