IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 24 Jun 2016 | Removal date: open ended
Still in force

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. 

AFFECTED COUNTRIES

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AFFECTED SECTORS AND PRODUCTS

382 Jewellery & related articles
7113 Articles of jewellery and parts thereof, of precious metal or of metal clad with precious metal.
711311 Of silver, whether or not plated or clad with other precious metal
711319 Of other precious metal, whether or not plated or clad with precious metal
711320 Of base metal clad with precious metal

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