The link you provided refers to a significant policy update regarding the **All Industry Rates (AIR) of Duty Drawback** for gold and silver jewellery exports in India.
The government has recently hiked these rates to support exporters who have been facing headwinds such as high input costs and new international trade barriers (specifically the 25% "Trump Tariffs" or reciprocal duties imposed by the US).
### **Latest Revised Duty Drawback Rates (2025-2026)**
Based on recent notifications from the Central Board of Indirect Taxes and Customs (CBIC), the rates have undergone several upward revisions to ensure Indian jewellery remains competitive globally.
| Category / Tariff Item | Previous Rate (approx.) | **New Revised Rate** |
|---|---|---|
| **Gold Jewellery** (711301) | ₹639.59 / gram | **₹773.17 per gram** |
| **Silver Jewellery/Articles** (711401) | ₹9,089.33 / kg | **₹14,990.66 per kg** |
*Note: Rates are subject to periodic review (often quarterly) to align with fluctuations in international precious metal prices and changes in basic customs duties.*
### **Key Reasons for the Hike**
1. **US Tariff Relief:** A primary driver for the recent hike was to cushion the blow of high import tariffs (up to 50% in some cases) imposed by the US on Indian jewellery.
2. **Increased Input Costs:** While the basic customs duty on gold and silver was reduced in Budget 2024 (and further in Budget 2026 to **5%**), the drawback hike ensures that any embedded taxes paid on raw materials during the manufacturing process are fully refunded to the exporter.
3. **Boosting Competitiveness:** By increasing the refund amount per gram/kilogram, the government enables Indian exporters to offer more aggressive pricing in international markets like the UAE, USA, and Hong Kong.
