AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Tax-based export incentive
On 24 June 2016, the Indian Ministry of Finance through Notification No. 90/2016-Customs (N.T) increased the duty drawback rates on exports of gold jewellery from Rs. 209.30 per gram to Rs. 252.30 per gram of the gold content and on silver jewellery from Rs. 2790 per kg. to Rs. 3285.40 per kg of the silver content. Duty drawback is a refund of duties on imported raw materials used to manufacture export products.
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