Drawback rates for gold and silver jewellery updated-specific per weight rates and port based appraisal and monitoring clarified. New entries to the Drawback Schedule add specific tariff items while existing rates and caps remain unchanged. Gold and silver jewellery drawback rates are specified as rupees per unit weight of net metal content, equal to import duty, and apply only to exports through prescribed ports after expert appraisal; they are excluded where duty free import/replenishment is allowed under export obligation schemes. Monthly monitoring and reporting of such exports is required. Metal and glass artware and lanterns are reclassified to reduce disputes using a predominance criterion, and embroidered silk fabric is to receive the same drawback treatment as plain silk under the applicable silk fabric subheadings.
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Drawback rates for gold and silver jewellery updated-specific per weight rates and port based appraisal and monitoring clarified.
New entries to the Drawback Schedule add specific tariff items while existing rates and caps remain unchanged. Gold and silver jewellery drawback rates are specified as rupees per unit weight of net metal content, equal to import duty, and apply only to exports through prescribed ports after expert appraisal; they are excluded where duty free import/replenishment is allowed under export obligation schemes. Monthly monitoring and reporting of such exports is required. Metal and glass artware and lanterns are reclassified to reduce disputes using a predominance criterion, and embroidered silk fabric is to receive the same drawback treatment as plain silk under the applicable silk fabric subheadings.
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