New Delhi, June 27 -- India's foreign trade authority has introduced new regulations to close loopholes in precious metals imports and align customs duties with import policies.

The Directorate General of Foreign Trade (DGFT) issued Notification No. 08/2025 on Monday, updating the country's Import Policy Schedule under the ITC (HS) 2022 classification system.

The notification addresses significant gaps that allowed importers to circumvent higher duties on precious metals.

According to the Global Trade Research Initiative (GTRI), these changes will prevent the misuse of preferential trade arrangements, particularly under the India-UAE Free Trade Agreement.

The updates ensure consistency between the import regulations and tariff modific...