Gold (37%) and Silver (33%) Jewellery and Articles DBK Rates Upped

· Gold – Rs. 372.9 per gram of net gold content from Rs. 272 per gram of net gold content (.995 or more purity) in the jewellery

· Silver – Rs. 4332.2 per kg of net silver content from Rs. 3254 per kg of net silver content (.999 purity) in the jewellery

[Notification No. 82/2019-CUSTOMS (N.T.) dated 15 November 2019]

G.S.R. (E). – In exercise of the powers conferred by sub-section (2) of section 75 of the Customs Act, 1962 (52 of 1962) and sub-section (2) of section 37 of the Central Excise Act, 1944 (1 of 1944), read with rules 3 and 4 of the Customs and Central Excise Duties Drawback Rules, 2017, the Central Government hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 95/2018- Customs (N.T.), dated the 6^th December, 2018, published vide number G.S.R. 1180 (E), dated the 6^th December, 2018, namely:-

In the said notification, in the Schedule, in Chapter - 71,-

(i) against tariff item 711301, in the entry in column (4), for the figures “272”, the figures “372.9” shall be substituted;

(ii) against tariff items 711302 and 711401, in the entry in column (4), for the figures “3254”, the figures “4332.2” shall respectively be substituted.

2. This notification shall come into effect from the 16^th November, 2019.

[F. No. 609/36/2018-DBK]