Government Revises Duty Drawback Rates for Jewellery Exports Under Notification Amending 77/2023-Customs (N.T.)
The Central Government has notified an amendment to Notification No. 77/2023-Customs (N.T.), revising the duty drawback rates for specified jewellery products under Chapter 71 of the Drawback Schedule. Issued under the powers conferred by the Customs Act, 1962, the Central Excise Act, 1944, and the Customs and Central Excise Duties Drawback Rules, 2017, the amendment significantly increases the drawback values for selected tariff items.
The revision is expected to provide higher drawback benefits to eligible exporters dealing in precious metal jewellery and related products.
Revised Duty Drawback Rates for Chapter 71 Jewellery Products
The amendment updates the drawback amount specified in Column (4) of the Drawback Schedule for the following tariff items:
| Tariff Item | Previous Drawback Value | Revised Drawback Value |
|---|---|---|
| 711301 | 773.17 | 1851.99 |
| 711302 | 14,990.66 | 29,501.09 |
| 711401 | 14,990.66 | 29,501.09 |
The revised figures replace the existing drawback values prescribed under Notification No. 77/2023-Customs (N.T.).
Legal Basis for the Amendment
The amendment has been issued by the Central Government under:
- Section 75 of the Customs Act, 1962
- Section 37(2) of the Central Excise Act, 1944
- Rules 3 and 4 of the Customs and Central Excise Duties Drawback Rules, 2017
It further amends Notification No. 77/2023-Customs (N.T.) dated 20 October 2023, which contains the All Industry Rates of Duty Drawback.
Key Changes Introduced
1. Higher Drawback Benefit for Tariff Item 711301
The drawback value has increased from 773.17 to 1851.99, providing a substantially higher reimbursement to eligible exporters.
2. Significant Increase for Tariff Items 711302 and 711401
Both tariff items now carry a revised drawback value of 29,501.09, replacing the earlier amount of 14,990.66.
3. Amendment Limited to Specified Tariff Items
No other chapters or tariff items have been modified through this notification. The amendment is confined to the specified entries under Chapter 71.
Impact on Jewellery Exporters
Exporters dealing in products covered under tariff items 711301, 711302, and 711401 may become eligible for higher duty drawback benefits on qualifying export shipments.
Businesses should:
- Verify the applicable tariff classification of exported goods.
- Update internal drawback calculations.
- Ensure export documentation reflects the correct tariff item.
- Coordinate with customs brokers and compliance teams for accurate claim filing.
Note:
This notification revises only the drawback values specified in Column (4) of the Drawback Schedule for three tariff items under Chapter 71. Exporters should continue to comply with all other conditions prescribed under the Customs and Central Excise Duties Drawback Rules, 2017, and Notification No. 77/2023-Customs (N.T.), as amended.
Conclusion
The latest amendment to Notification No. 77/2023-Customs (N.T.) increases the duty drawback rates for selected jewellery tariff items under Chapter 71. The revised drawback values can improve export incentives for eligible jewellery exporters and may positively impact export competitiveness. Businesses engaged in the export of these products should review the updated rates and ensure future drawback claims are filed using the revised values.
Notification Reference:Customs
Notification No. 64/2026-Customs (N.T.)
14/07/2026