New Delhi, Aug. 25 -- The government has raised duty drawback rates on certain jewellery and precious metal items to provide relief to exporters in the sector, which has been hit hard by the steep US import taxes.

According to a notification issued by the Department of Revenue on Monday, the duty drawback rate on silver jewellery and articles of silver has been increased from Rs.335.50 to Rs.466.76 per 10 grams. The rate on gold jewellery and articles of gold has been raised from Rs.4,468.10 to Rs.5,234.00 per 10 grams. The relief on platinum jewellery and articles of platinum has also been revised upwards from Rs.4,468.10 to Rs.5,234.00 per 10 grams.

US president Donald Trump's administration has imposed a reciprocal tariff of 25% on I...