The notification revises the Assessable Indian Rate (AIR) for specified tariff items in Chapter 71. For tariff item 711301 (Articles of jewellery and parts thereof, made of gold), the duty drawback figure has been increased from Rs 335.50 per gram to Rs 466.76 per gram. Similarly, for tariff items 711302 and 711401 (Articles/ Jewellery of Silver), the figures have been revised from Rs 4468.10 per Kg to Rs 5234.00 per kg. These changes are intended to update the drawback amounts payable to exporters of gold and silver jewellery seeking duty drawback benefits.
