On April 17, 2025, the Ministry of Finance (Department of Revenue) issued Notification No. 26/2025 – Customs (N.T.), amending the previously published Notification No. 77/2023 – Customs (N.T.), dated October 20, 2023. Issued under the authority of the Customs Act, 1962 and the Central Excise Act, 1944, the amendment modifies the Schedule under Chapter 71 of the Drawback Rules, 2017, which pertains to specific tariff items related to precious metals and jewelry.
As per the notification, revised All Industry Rates of Duty Drawback are applicable to the following tariff items:
- Tariff item 711301: The rate is increased from ₹335.50 to ₹405.40.
- Tariff item 711302: The rate is increased from ₹4,468.10 to ₹4,950.03.
- Tariff item 711401: The rate is also increased from ₹4,468.10 to ₹4,950.03.
These changes aim to adjust the drawback benefits in accordance with current market conditions and input costs for exporters in the jewelry and precious metals sector. The revised rates are effective from the date of the notification’s publication.
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
Notification No. 26/2025 – Customs (N.T.) | Dated: 17th April, 2025
G.S.R. 236(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 20th October, 2023, published vide number G.S.R. 792 (E), dated the 20th 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 “335.50”, the figures “405.40” shall be substituted;
(ii) against tariff item 711302, in the entry in column (4), for the figures “4468.10”, the figures “4950.03” shall be substituted;
(iii) against tariff item 711401, in the entry in column (4), for the figures “4468.10”, the figures “4950.03” shall be substituted.
[F. No. 605/13/2023-(DBK)]
MALAY SAMIR, Director (Drawback)
Note: The principal Notification No. 77/2023-Customs (N.T.), dated the 20th October, 2023 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 20th October, 2023 vide number G.S.R. 792(E), dated the 20th October, 2023 and was last amended by Notification No. 55/2024-Customs (N.T.), dated the 23rd August, 2024 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 23rd August, 2024 vide number G.S.R. 517(E), dated the 23rd August, 2024.
