B.P Associates LLP

64/2013-Customs (N.T.) dt. 21-06-2013

Amends notification No. 92/2012- Customs (N.T.), dated the 4th October, 2012

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Opinion

In order to boost exports of jewellery, particularly that of gold, the government has increased the duty drawback rate on gold jewellery from Rs. 100.70 per gm of net gold to Rs. 173.70 per gm of net gold. This would probably offset the hike in import duty of gold.