Amendment in Import Policy and Policy Conditions of specific ITC (HS) codes under Chapter 71 of Schedule -I(Import Policy) of ITC (HS) 2022 in sync with the Finance Act 2025 - 08/2025-26 - Foreign Trade Policy
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Import policy amendment clarifies import routes and conditions for specified precious metals, requiring nominated agencies and IIBX channels. The Import Policy for specified ITC(HS) codes in Chapter 71 of Schedule I (ITC(HS) 2022) is amended with immediate effect to create, delete and reclassify sub codes for silver, gold and platinum, prescribing Free or Restricted import status. Restricted imports are limited to nominated agencies (RBI/DGFT notified) and qualified jewellers via IIBX; gold TRQ holders may import through IIBX with delivery via IFSCA registered SEZ vaults; gold dore requires an Actual User import licence; certain high purity bars and forms are free subject to RBI regulations.
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Provisions expressly mentioned in the judgment/order text.
Import policy amendment clarifies import routes and conditions for specified precious metals, requiring nominated agencies and IIBX channels.
The Import Policy for specified ITC(HS) codes in Chapter 71 of Schedule I (ITC(HS) 2022) is amended with immediate effect to create, delete and reclassify sub codes for silver, gold and platinum, prescribing Free or Restricted import status. Restricted imports are limited to nominated agencies (RBI/DGFT notified) and qualified jewellers via IIBX; gold TRQ holders may import through IIBX with delivery via IFSCA registered SEZ vaults; gold dore requires an Actual User import licence; certain high purity bars and forms are free subject to RBI regulations.
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