Govt. Increases Duty Drawback on Gold by 16%; But Reduces Silver Duty Drawback by 5%
The duty drawback rate on gold has been increased while that on silver jewellery has been reduced
Govt. Increases Duty Drawback on Gold by 16%; But Reduces Silver Duty Drawback by 5%
The previous revision in the gold duty drawback rate was done on 28th January, 2020, following which the gold price has risen steadily. The GJEPC represented the matter to the Department of Revenue and urged it to revise the drawback rates
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