Govt cuts drawback rates on exports of gold, silver jewellery

The drawback rates on gold and silver jewellery exports were notably reduced by the government. Gold jewellery rates dropped to Rs 335.5 per gram, and those for silver articles decreased to Rs 4,468 per kilogram. This adjustment correlates with a significant reduction in import duties on these metals as outlined in the Budget. Export figures during April-July showed a 7.