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Corporate Laws Central Ministry of Commerce and Industry Foreign Trade Policy, 2015-2020

Amendment in Import Policy and Conditions for Items Silver, Gold and Platinum under Schedule -I (Import Policy) of ITC (HS) 2022 in sync with the Finance Act 2025

19-May-2025 | 08/2025-26

DGFT has issued a notification regarding Amendment in Import Policy and Policy Conditions of specific ITC (HS) codes under Chapter 71 of Schedule - I (Import Policy) of ITC (HS) 2022 in sync with the Finance Act 2025 effective from 19th May, 2025.

By virtue of the notification, the import policy and policy conditions in chapter 71 of ITC(HS) Code, 2022 Schedule - I (Import Policy) for the Items Silver, Gold and Platinum with ITC(HS) Code 7106, 7108 and 7110 respectively has been amended.

Key Highlights are as follows:

1. In case of Unwrought Silver item containing 99.9% or more by weight of silver, the import shall be allowed only through nominated agencies notified by Reserve Bank of India, DGFT and qualified jewellers notified by IFSCA.

2. The Import of Gold in any semi-manufactured form which contain 99.9% or more by weight of gold is restricted as and allowed only through nominated agencies notified by Reserve Bank of India, DGFT.

3. The Import of Platinum in powder form which contain 99.9% or more by weight of platinum is free under the Import Policy.

Kindly refer to the attached document for more information.

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