Govt hikes duty drawback rates on gold and silver jewellery

The government today raised duty refund rates on gold and silver jewellery to Rs 252.30 per gram and Rs 3285.40 per kg, respectively.
"Central government raises the AIR (All India Rates) duty drawback on export of silver jewellery and articles from Rs 2,790 to Rs 3285.40 per kg," Central Board of Excise and Customs (CBEC) said in a tweet.
The Government raises the AIR duty drawback on export of gold jewellery from Rs 209.30 to Rs 252.30 per gram, it added.
Duty drawback is refund of duties on imported inputs for export items.