{"id":35292,"date":"2026-02-17T12:34:48","date_gmt":"2026-02-17T07:04:48","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=35292"},"modified":"2026-02-17T12:34:48","modified_gmt":"2026-02-17T07:04:48","slug":"govt-raises-jewellery-drawback-rates-to-offset-rising-precious-metal-costs","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/govt-raises-jewellery-drawback-rates-to-offset-rising-precious-metal-costs\/","title":{"rendered":"Govt. Raises Jewellery Drawback Rates to Offset Rising Precious Metal Costs"},"content":{"rendered":"<p>The Government of India has revised duty drawback rates for specific jewellery tariff items under Chapter 71 through Notification No. 21\/2026\u2013Customs (N.T.), dated 16 February 2026, issued by the Ministry of Finance (Department of Revenue). The move is expected to enhance exporters\u2019 cost recovery, improve margins, and strengthen global price competitiveness for Indian jewellery shipments amid record-high gold, silver and platinum prices that have increased working capital pressures for manufacturers.<\/p>\n<p>The amendment updates the schedule of Notification No. 77\/2023\u2013Customs (N.T.). For tariff item 711301, the drawback rate has been increased from 524.27 to 639.59. For tariff items 711302 and 711401, the rate has been raised from 6,317.22 to 9,089.33.<\/p>\n<p>GJEPC has represented this issue in meetings with officials from the Department of Commerce as well as NITI Aayog, stressing the need to revise drawback rates in line with rising input costs faced by exporters and enhance ease of doing business.<\/p>\n<p>The higher drawback amounts are also likely to support exporters\u2019 cash flow by returning a larger portion of duties paid on inputs after export realisation, which is particularly beneficial for MSMEs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Government of India has revised duty drawback rates for specific jewellery tariff items under Chapter 71 through Notification No. 21\/2026\u2013Customs (N.T.), dated 16 February 2026, issued by the Ministry of Finance (Department of Revenue). The move is expected to enhance exporters\u2019 cost recovery, improve margins, and strengthen global price competitiveness for Indian jewellery shipments&hellip;<\/p>\n","protected":false},"author":1,"featured_media":35293,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-35292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Govt. Raises Jewellery Drawback Rates to Offset Rising Precious Metal Costs - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/govt-raises-jewellery-drawback-rates-to-offset-rising-precious-metal-costs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt. 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The move is expected to enhance exporters\u2019 cost recovery, improve margins, and strengthen global price competitiveness for Indian jewellery shipments&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/govt-raises-jewellery-drawback-rates-to-offset-rising-precious-metal-costs\/\" \/>\n<meta property=\"og:site_name\" content=\"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-17T07:04:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2026\/02\/Metal.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\",\"url\":\"https:\/\/gjepc.org\/solitaire\/\",\"name\":\"Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/gjepc.org\/solitaire\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/govt-raises-jewellery-drawback-rates-to-offset-rising-precious-metal-costs\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2026\/02\/Metal.jpg\",\"width\":1000,\"height\":600},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/govt-raises-jewellery-drawback-rates-to-offset-rising-precious-metal-costs\/#webpage\",\"url\":\"https:\/\/gjepc.org\/solitaire\/govt-raises-jewellery-drawback-rates-to-offset-rising-precious-metal-costs\/\",\"name\":\"Govt. 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