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Corporate Laws Central Ministry of Finance International Financial Services Centres Authority Act, 2019

IFSCA - Enabling eligible SEZ Units and Advance Authorisation holders to import gold or silver through International Bullion Exchange

02-Jan-2026 | IFSCA-PMTS/10/2023-Precious Metals/2026/1

IFSCA has issued a circular enabling eligible Special Economic Zone (SEZ) units and Advance Authorisation holders to import gold or silver through the International Bullion Exchange (IIBX).

This circular has been issued with reference to the IFSCA Circular dated October 10, 2025, titled "Import of Gold or Silver by Qualified Jewellers and Valid India - UAE CEPA Tariff Rate Quota (TRQ) Holders through IIBX (Consolidated Circular)".

By virtue of this circular,

1. The eligibility criteria for the import of gold or silver through IIBX have been relaxed for:
i. SEZ units holding a valid Letter of Approval and having jewellery exports as one of their authorised operations; and
ii. Entities holding a valid Advance Authorisation.

2. It has been clarified that for undertaking imports of silver bars under ITC (HS) Code 71069221 through IIBX, an entity is not required to be notified by IFSCA as a Qualified Jeweller.

3. Clause 2 of Chapter I of the Consolidated Circular has been substituted to specify that any entity holding a valid Importer Exporter Code (IEC) is eligible to import silver bars under ITC (HS) Code 71069221 through IIBX, without the requirement of being notified as a Qualified Jeweller.

4. A new Chapter IIA, titled "Import of Gold or Silver by Entities Holding Advance Authorisation", has been inserted after Chapter II of the Consolidated Circular.

Further, IFSCA has updated the Consolidated Circular to incorporate the amendments introduced through this circular.

Kindly refer to the attached documents for further details.

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