Gold, Silver and
Platinum Headings in Chapter 71 - DGFT Amends to Align the HS Codes Changes with
Finance Act, 2025, w.e.f. 1 May. 2025
[DGFT Notification No. 08 /2025-26 Dated
19 May, 2025]
Effect of the Notification:
The Import Policy of the ITC{HS) codes under Chapter 71 of ITC (HS) 2022, Schedule-I
(Import Policy), newly created under the Finance Act, 2025 dated 29.03.2025, is
notified with immediate effect.
Subject:
Amendment in Import Policy and Policy Conditions of specific ITC (HS) codes under
Chapter 71of Schedule -I (lmport Policy) of ITC (HS) 2022
in sync with the Finance Act 2025.
S.O. (E) In exercise of powers conferred
by Section 3 read with Section 5 of Foreign Trade (Development & Regulation)
Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy (FTP) 2023,
as amended from time to time, the Central Government hereby amends the Import Policy
and Policy Condition of specific ITC (HS) codes under Chapter 71 of Schedule -I
(Import Policy) of ITC (HS) 2022 in sync with the Finance Act 2025 dated 29.03.2025,
with immediate effect.
2. In Chapter 71, ITC (HS) 2022, Schedule-I
(Import Policy), the details of the ITC(HS) codes that have been deleted and the
Import Policy and Policy Conditions against the newly created ITC(HS) codes is notified
as under:
|
ITC(HS) Code |
Item Description |
Import Policy |
Policy Condition |
|
7106 |
Silver (including silver plated with gold or platinum), unwrought or
in semi manufactured forms, or in powder form. |
||
|
710691 |
Other: - Unwrought: |
|
|
|
71069120 |
Containing 99.9 per cent. or more
by weight of silver |
Restricted |
Import is allowed only through
nominated agencies as notified by RBI (in case of banks), DGFT (for other
agencies) and by qualified jewellers as notified by the IFSCA for import
through India International Bullion Exchange (IIBX). |
|
710692 |
Other :-
Semi-manufactured |
|
|
|
71069220 |
Bar |
Deleted |
|
|
71069221 |
Bar: Containing 99.9 percent or more by weight
of silver |
Free |
Subject to RBI Regulations. |
|
71069229 |
Bar---- Other |
Free |
Subject to RBI Regulations. |
|
7108 |
Gold (including gold plated with platinum) unwrought or in semi
manufactured forms, or in powder form. |
||
|
710812 |
- Other unwrought forms: |
|
|
|
71081200 |
-Non-monetary: -- Other unwrought
forms |
Deleted |
|
|
71081210 |
--- Containing 99.5 per cent. or
more by weight of gold |
Restricted |
1. Import is allowed through: |
|
|
|
|
(i)
Nominated agencies as notified by RBI (in case of banks) or nominated
agencies notified DGFT (for other agencies) |
|
|
|
|
(ii)
Qualified Jewellers (as notified by IFSCA) through India International
Bullion Exchange (IIBX); |
|
|
|
|
2. Valid India-UAE TRQ holders as
notified by IFSCA can import gold through IIBX against the TRQ and can obtain
physical delivery of the same through IFSCA registered vaults located in SEZs
as per the guidelines prescribed by the IFSCA. |
|
71081290 |
--- Other |
Restricted |
1. Import is allowed through: |
|
|
|
|
(i)
Nominated agencies as notified by RBI (in case of banks) or nominated
agencies notified DGFT (for other agencies) |
|
|
|
|
(ii)
Qualified Jewellers (as notified by IFSCA) through India International
Bullion Exchange (IIBX) ; |
|
|
|
|
2. Valid India-UAE TRQ holders as
notified by IFSCA can import gold through IIBX against the TRQ and can obtain
physical delivery of the same through IFSCA registered vaults located in SEZs
as per the guidelines prescribed by the IFSCA. |
|
|
|
|
3. Gold Dore can be imported by
refineries against an import license with Actual User (AU) condition. |
|
710813 |
- Other semi-manufactured forms: |
|
|
|
71081300 |
Non-monetary: -- Other semi-
manufactured forms |
Deleted |
|
|
71081310 |
--- Containing 99.5 per cent. Or
more by weight of gold |
Restricted |
Import is allowed only through
nominated agencies as notified by RBI (in case of banks) and DGFT (for other
agencies) |
|
71081390 |
--- Other |
Restricted |
Import is allowed only through nominated
agencies as notified by RBI (in case of banks) and DGFT (for other agencies) |
|
7110 |
Platinum, unwrought or in semi manufactured forms, or in powder form. |
||
|
711011 |
Platinum: - Unwrought or in powder form |
||
|
71101110 |
--- Unwrought form |
Deleted |
|
|
71101111 |
--- Unwrought form: |
Free |
- |
|
71101119 |
---Unwrought form: --- Other |
Restricted- |
- |
|
71101120 |
--- In powder form |
Deleted |
|
|
71101121 |
--- In powder form: |
Free |
- |
|
71101129 |
--- In powder form: |
! Restricted |
- |
|
711019 |
-Other |
|
|
|
71101900 |
- Platinum: -- Other |
Deleted |
|
|
71101910 |
---Containing 99.0 per cent. or
more by weight of platinum |
Free |
- |
|
71101990 |
---Other |
Restricted |
- |
This is issued with the approval of Minister
of Commerce & Industry.
[Issued from File No. 01/89/180/36/AM-11/PC-2[A]/Part-Vll /E-34827]