Monetary Grade Silver Bar Import Restricted, Import for Only Export Production Allowed
with Immediate Effect
Ø
10%+4.35% Duty to Continue
Ø Policy
Condition 7:
Imports by 100% Export Oriented Units and units located in Special Economic
Zones (SEZs) shall not be subject to the above restrictions as per Para 6.01(d)
of FTP, 2023 and under Rule 27 of the Special Economic Zones (SEZ) Rules, 2006
respectively, provided such imported goods are not sold into the Domestic
Tariff Area (DTAs). Further, imports under the schemes for export of Gems and
Jewellery under Chapter-4 of FTP, 2023 shall also be exempt from these
restrictions. – Policy Condition No.7 inserted by DGFT Notification No. 03 /2026-27
dated 2 April, 2026.
[DGFT Notification No.
17/2026-27 dated 16 May, 2026]
Effect of the Notification:
The Import Policy of items covered under ITC HS Code 71069221 and 71069229 are
revised from "Free" to "Restricted" subject to Policy
Condition No.7 of Chapter 71 of ITC (HS) 2022. Schedule – I (Import Policy)
with immediate effect.
Subject:
Amendment in import policy of Silver covered under ITC (HS) codes 71069221 and
71069229 of Chapter 71 of ITC (HS), 2022, Schedule - I (Import Policy).
S.O. (E): In exercise of powers
conferred by Section 3 and Section 5 of Foreign Trade (Development &
Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade
Policy, 2023, as amended from time to time, the Central Government hereby
amends the import policy of ITC (HS) code 71069221 and 71069229 covered under
Chapter 71 of ITC (HS) 2022, Schedule - I (Import Policy) with immediate
effect:
|
ITC(HS)
Code |
Item
description |
Existing
Import Policy |
Existing
Import Policy Condition |
Revised
Import Policy |
Revised
Import Policy Condition |
|
7106 |
Silver {including silver plated with gold
or platinum), unwrought or in semi manufactured forms, or in powder form. |
- |
|
- |
- |
|
710692 |
- Other : -- Semi- manufactured |
- |
|
- |
- |
|
71069221 |
Bar: Containing 99.9 percent or more by
weight of silver |
Free |
Subject to RBI Regulations. |
Restricted |
Subject to Policy Condition No. 7 of
this Chapter |
|
71069229 |
Bar---- Other |
Free |
Subject to RBI Regulations. |
Restricted |
Subject to Policy Condition No. 7 of
this Chapter |
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-Vl/E-34691)
|
HS Code |
level |
Item Description |
Unit |
Basic (Sch) |
Basic (Ntfn) |
IGST |
Total Duty |
Import Policy |
Export Policy |
RODTEP RATES |
|
7106 |
|
SILVER
(INCLUDING SILVER PLATED WITH GOLD OR PLATINUM), UNWROUGHT OR IN
SEMI-MANUFACTURED FORMS, OR IN POWDER FORM |
|
|
|
|
|
|
|
|
|
|
--- |
Bar: |
|
|
|
|
|
|
|
|
|
7106
92 21 |
--- |
Containing
99.9 percent or more by weight of silver |
kg |
10 |
|
3 |
13.300 |
Restd6 |
Free |
0.01% |
|
7106
92 29 |
--- |
Other |
kg |
10 |
|
3 |
13.300 |
Restd6 |
Free |
0.01% |
|
|
|
67106
92 21, 7106 92 29 – Subject to Policy
Condition No. 7 of this Chapter [08-Ntfn/19.05.2025
– Import Policy and Import Policy Condition inserted] Policy
Condition 7: Imports by 100% Export Oriented Units
and units located in Special Economic Zones (SEZs) shall not be subject to
the above restrictions as per Para 6.01(d) of FTP, 2023 and under Rule 27 of
the Special Economic Zones (SEZ) Rules, 2006 respectively, provided such
imported goods are not sold into the Domestic Tariff Area (DTAs). Further,
imports under the schemes for export of Gems and Jewellery under Chapter-4 of
FTP, 2023 shall also be exempt from these restrictions. [17-Ntfn/16.05.2026 - Monetary
Grade Silver Bar Import Restricted, Import for Only Export Production Allowed
with Immediate Effect] |
|
|
|
|
|
|
|
|
|
7106 |
|
Basic Duty Exemption
on Silver All
goods other than those mentioned at S. No. 193 [SNo(197) of Table I in Ntfn 45-Customs/2025
dated 24.10.2025] [15/12.05.2026 – Duty raised to 10% from 5%] |
|
|
10 |
|
|
|
|
|
|
|
|
Silver, in any form
including ornaments, but excluding ornaments studded with stones or pearls,
imported by the eligible passenger (Read with Condition
No. 23, see condition text in heading 7108) [SNo(195)
of Table I in Ntfn 45-Customs/2025 dated 24.10.2025] Provided
that
nothing contained in this S.No. shall have effect after the 31st March,
2027 [15/12.05.2026 – Duty raised to 10% from 5%] [02/01.02.2026 – Proviso inserted] |
|
|
10 |
|
|
|
|
|
|
|
|
Silver Refining Silver dore bar having
silver content not exceeding 95% (Read with Condition
No. 3 and 22, see condition text in heading 7108) [SNo(193) of Table I in Ntfn 45-Customs/2025
dated 24.10.2025] Provided that
nothing contained in this S.No. shall have effect after the 31st March,
2027 [15/12.05.2026 – Duty raised to 10% from 5%] [02/01.02.2026 – Proviso inserted] |
|
|
10 |
|
|
|
|
|
|
|
|
Agriculture Infrastructure and Development
Cess (AIDC) |
|
|
|
|
|
|
|
|
|
71 |
|
The following goods, namely: (a) Silver dore bar, having
silver content not exceeding 95% (b) Gold dore bar,
having gold content not exceeding 95% Subject to condition. – See
Part C3.7 at the beginning of the book for detail. [SNo. 15B of Ntfn
11/01.02.2021 as inserted by 03/01.02.2023] [16/12.05.2026
– AIDC raised to 4.35% from 0.35%] |
|
|
4.35 |
|
|
|
|
|
|
7106, 7108 |
|
Gold and
Silver covered under Sl. No. 1 of TABLE of notification No. 57/2000- Customs
dated 8th May, 2000 vide number G.S.R.413(E), dated the 8th May, 2000 [SNo. 15K of Ntfn 11/01.02.2021 as inserted by 16/12.05.2026] |
|
|
4.35 |
|
|
|
|
|