Mumbai, May 22 -- The Directorate General of Foreign Trade (DGFT) notified the new policy for precious metals imports this week, in tune with the Finance Act 2025. The policy has stricter restrictions and a revised harmonised system (HS) codes for importing gold, silver, and platinum. The import of gold, particularly in unwrought and semi-manufactured forms, will now be allowed only through authorised channels.
Gold containing 99.5 per cent or more purity by weight (HS code 71081210 and 71081310) has been classified as Restricted.
Import will be permitted only through nominated agencies notified by the Reserve Bank of India (RBI) or DGFT, Qualified jewelers approved by the International Financial Services Centres Authority (IFSCA), import...