Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
The DGFT issued Notification No. 19/2025-26 dated 17.06.2025 amending import policy for items under CTH 2843 covering colloidal precious metals, inorganic/organic compounds of precious metals, and amalgams of precious metals. The notification revised import policy from "Free" to "Restricted" for all specified ITC(HS) codes including colloidal gold and silver, silver compounds including silver nitrate, gold compounds, sodium aurous thiosulphate, noble metal solutions of platinum-rhodium-palladium, and amalgams. The amendment was made under Section 3 and Section 5 of Foreign Trade (Development & Regulation) Act, 1992 read with FTP 2023 provisions, taking immediate effect. CBIC issued corresponding Instruction No. 18/2025-Customs directing all customs authorities to implement the revised restricted import policy for precious metal compounds.
The DGFT issued Notification No. 19/2025-26 dated 17.06.2025 amending import policy for items under CTH 2843 covering colloidal precious metals, inorganic/organic compounds of precious metals, and amalgams of precious metals. The notification revised import policy from "Free" to "Restricted" for all specified ITC(HS) codes including colloidal gold and silver, silver compounds including silver nitrate, gold compounds, sodium aurous thiosulphate, noble metal solutions of platinum-rhodium-palladium, and amalgams. The amendment was made under Section 3 and Section 5 of Foreign Trade (Development & Regulation) Act, 1992 read with FTP 2023 provisions, taking immediate effect. CBIC issued corresponding Instruction No. 18/2025-Customs directing all customs authorities to implement the revised restricted import policy for precious metal compounds.
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