The Ministry of Finance (Department of Revenue), vide Notification No. 85/2026-Customs (N.T.) dated October 15, 2026 has revised the All Industry Rates (AIR) of Duty Drawback applicable to specified gold and silver jewellery and articles, by amending Notification No. 77/2023-Customs (N.T.) dated October 20, 2023.
The amendment has been issued in exercise of powers conferred under Section 75 of the Customs Act, 1962, read with Section 37(2) of the Central Excise Act, 1944 and Rules 3 and 4 of the Customs and Central Excise Duties Drawback Rules, 2017.
Revised Duty Drawback Rates
As per the notification, the following rates under Chapter 71 of the Duty Drawback Schedule have been revised:
| Tariff Item | Existing Rate | Revised Rate |
| 711301 | 1,851.99 | 1,794.11 |
| 711302 | 29,501.09 | 26,859.02 |
| 711401 | 29,501.09 | 26,859.02 |
The revised rates represent a reduction in the duty drawback amounts for the specified tariff items. The change is relevant for exporters of gold and silver jewellery and articles covered by these entries and may affect their export incentives, pricing and working capital calculations.
The principal notification was last amended by Notification No. 64/2026-Customs (N.T.) dated July 16, 2026.
The notification does not expressly specify a separate commencement date.
The Notification can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1010771/ENG/Notifications
