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of <h1>India Expands Silver Import Policy: Qualified Jewelers Can Now Import via India International Bullion Exchange.</h1> The Central Government has amended the import policy conditions for silver under HS codes 71069110 and 71069290 in Chapter 71 of Schedule-I (Import Policy) of ITC HS, 2022. Previously, imports were restricted to nominated agencies notified by the RBI and DGFT. The revised policy now permits qualified jewelers, as notified by the International Financial Services Centres Authority (IFSCA), to import silver through the India International Bullion Exchange (IIBX). This change allows additional entities to participate in silver imports, expanding beyond the previously designated agencies. The notification is issued with the approval of the Minister of Commerce & Industry.
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