·
Restricted Import Policy: Import of silver items under ITC(HS)
codes 71069110, 71069120, 71069221 and 71069229 has been changed from ‘Free’ to
‘Restricted’ through Notification Nos. 17/2026-27 dated 16 May 2026 and
19/2026-27 dated 2 June 2026.
·
Simplified Authorisation Procedure: DGFT has introduced an expedited
procedure based on self-declaration and trust to reduce processing time for
genuine applicants importing the specified silver items, excluding silver dore.
·
Condition for Expedited Processing: Applicants must declare that the proposed
imports will be made on payment of the generally applicable customs duty rate,
without availing any concessions.
·
Application Requirements: Applications must be submitted through
the DGFT portal with all mandatory fields completed and a reasoned
justification for the quantity and value of imports. Applicants seeking
expedited processing must furnish the prescribed self-declaration.
·
Pending Applications: As a one-time measure, applicants whose
applications are pending on the DGFT portal will be allowed to revise them.
Such applications will be marked as deficient on the portal to enable the
necessary revisions and submission of the self-declaration.
·
Effective Date: Fresh applications and revised pending
applications submitted on or after 15 October 2026 may be processed under the
simplified procedure, provided all prescribed conditions are fulfilled.
·
Mandatory Procurement Channels: Authorised silver items must be procured
only through:
o India International Bullion Exchange
(IIBX); or
o Nominated Banks/Agencies notified under
Appendix 4B of the Foreign Trade Policy, 2023, as amended.
·
DGFT's Scrutiny Powers: DGFT retains the right to seek additional
information or documents and conduct detailed scrutiny wherever necessary.
Simplified processing does not waive any statutory or applicable import policy
requirement.
·
Validity of Authorisation: Import authorisations issued under this
procedure will be valid for six months from the date of issue and will not be
eligible for extension.
Effect
of this Trade Notice: The
notice facilitates faster issuance of import authorisations for specified
restricted silver items through a self-declaration-based procedure, subject to
payment of generally applicable customs duty without concessions and
procurement through designated regulated channels.
[DGFT
Trade Notice No. 30/2026-27 dated 13 October 2026]
Subject: Simplified
procedure for expedited issuance of import authorisations for silver bullion
under ITC(HS) 7106.
Attention
is invited to Notification Nos. 17/2026-27 dated 16.05.2026 and 19/2026-27
dated 02.06.2026, whereby the import policy in respect of silver items falling
under ITC(HS) codes 71069110, 71069120, 71069221 and 71069229 has been amended
from ‘Free’ to ‘Restricted’. Applications seeking import authorisations in
respect of the aforesaid items are being received through the DGFT portal.
2.
To facilitate trade and improve ease of doing business, a simplified procedure
is being introduced for expedited issuance of import authorisations, based on
self-declaration and trust, for import of silver items falling under the
ITC(HS) codes listed in para 1 above, excluding silver dore,
with a view to reducing processing time for genuine applicants. Applications
accompanied by a self-declaration that the proposed imports shall be made on
payment of customs duty at the generally applicable rate, without availing
concessions, may be considered for expedited disposal under this procedure.
Applications not covered under this category shall be subject to detailed
scrutiny and examination on merits in accordance with the applicable policy
provisions.
3.
Applicants shall submit their applications through the DGFT portal, duly
completing all mandatory fields in the online application form and furnishing a
reasoned justification for the quantity and value of imports sought under the
authorisation. Applicants seeking expedited disposal under paragraph 2 above
shall furnish the requisite self-declaration in the prescribed manner. The
information furnished shall be accepted on the basis of such self- declaration,
subject to the applicable import policy conditions and the provisions of this
trade notice. The applicant shall remain responsible for the correctness and
completeness of the information furnished.
4.
As a one-time measure, existing applicants whose applications are presently
pending on the DGFT portal shall be given an opportunity to revise their
applications in accordance with the simplified procedure. For this purpose,
such applications shall be marked as deficient on the portal, enabling the
applicants to make necessary revisions/declarations to their applications,
wherever required and furnish the requisite self-declaration. The revised
applications shall thereafter be considered for processing in accordance with
the procedure set out in this Trade Notice.
5.
Fresh applications received, and revised applications submitted pursuant to
paragraph 4 above, on or after 15th October 2026, which are complete in all
respects and satisfy the conditions specified in this Trade Notice, may be
processed under the simplified procedure. Import authorisations under this
procedure shall be issued on the basis of the applicant’s self-declaration,
subject to the applicable policy provisions and the conditions of the
authorisation.
6.
Import authorisations issued under this procedure shall carry, inter alia, a
condition that the authorised item shall be procured only through the India
International Bullion Exchange (IIBX) or through Nominated Banks/Agencies
notified under Appendix 4B of Foreign Trade Policy, 2023, as amended. The
condition is intended to channel such imports through regulated routes, with
better transparency and traceability of transactions.
7.
Notwithstanding the simplified procedure, DGFT reserves the right to seek
additional information or documents and to undertake detailed scrutiny of any
application, wherever considered necessary, to verify the declarations
furnished and ensure compliance with the applicable policy provisions. The
processing of an application under the simplified procedure shall not be
construed as dispensing with any statutory or policy requirement.
8.
An import authorisation issued shall remain valid for six months from the date
of issue and shall not be eligible for extension.
9.
This Trade Notice is issued with the approval of the Competent Authority.
(Issued
from File No. 01/53/8/S-6/AM-27/IC) (Computer No. E-47821)