statesman news service 
NEW DELHI, 22 JUNE: Hailing the hike in duty drawback rate on gold jewellery from Rs 100.70 per gram of gold content to 173.70 per gram of gold content consequent to increase in duty on gold to 8 per cent, Mr Rafeeque Ahmed, president, Federation of Indian Export Organisations (Fieo) said the request of the exporters has been accepted, which will provide neutralisation to high duty paid by exporters on imports of gold.
This will add to competitiveness of jewellery exports along with rupee depreciation, he added.