Revision of All Industry rates of Duty Drawback for Gold and Silver

Ref.No.GJEPC/Duty Drawback/Members/2020-21 16th July, 2020 TO: ALL MEMBERS OF THE COUNCIL Sub: Revision of All Industry rates of Duty Drawback for Gold and Silver Dear Sirs, We would like to inform you all that the Government of India has revised the drawback rates vide Notification No. 56/2020- CUSTOMS (N.T.) dated 13th July, 2020. The new drawback rates for the same are as follows, which shall come into effect from the 15th July, 2020.
ITC HS Code Description of Goods Unit New Drawback Rate

711301 Articles of jewellery and parts thereof made of gold Gms Rs 431.1 per gram of net gold content (0.995 or more purity in the jewellery) 711302 Articles of jewellery and parts thereof made of Silver Kg Rs 4105.6 perkg of net silver content (0.999 purity in the jewellery) 711401 Articles made of silver Kg Rs 4105.6 per kg of net silver content (.999 purity) in the jewellery

Members may download the Customs Notification from our website www.gjepc.org Thanking you, With best regard, Sd/- SABYASACHI RAY EXECUTIVE DIRECTOR Encl: Click here to download the Customs Notification No.56/2020 https://gjepc.org/download/csnt56-2020%20DutyDrawback.pdf