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Informative

FinMin increases Duty Drawback Rates for Gold/Silver Jewellery and Articles

Update / Judgement Date

26 Aug 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Excise, VAT & CustomFinancial Management

The FinMin has increased "duty drawback rates" for "gold and silver jewelry and articles." The move, which is a significant step towards a more transparent and user-friendly tax environment, is aimed at promoting tax compliance while being sensitive to the practical difficulties faced by businesses. This is a crucial reminder to all businesses that they must be diligent in their dealings.